Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $9,000,000

· Closed December 8, 2023

50 Madison Avenue #PH
Closed For Sale Condo

$9,000,000

$2,525 per sq ft

50 Madison Avenue #PH

NoMad, Manhattan

MLS® #RLS10945800

RLS at REBNY

Listing by Compass

4

Bedrooms

3.5

Baths

3,564

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 4
Bathrooms 4 full, 1 half
Living Area 3,564 sq ft
Year Built 1910
Ownership Condo
HOA/Common Charges $5,649/mo
Property Taxes $74,532/yr
Neighborhood NoMad
Floor 1 of 1

Property Highlights

  • Exposure: East,South facing
  • Outdoor Space: Terrace, Wrap Around
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 7
Baths 3 Full, 1 Half
Floor 1 of 1
Exposure East,South
Cooling Central Air
Pets CatsOk, DogsOk
Year Built 1910
Living Area 3,564 sq ft
Structure Type HighRise
Flooring Hardwood
Furnished Unfurnished
Block/Lot 00856/1011

Listing History

Event Date Price Change
Listed May 12, 2023 $10,000,000 -
Price Reduced Jan 5, 2024 $10,500,000 +5.0%
Currently May 3, 2026 $9,000,000 -14.3%

Description

The password is "Penthouse." *Additional photos coming soon* Create park-side penthouse perfection in this spectacular four-bedroom, three-and-a-half-bathroom duplex awaiting your personal touch directly on Madison Square Park. Here, you'll enjoy a townhouse-in-the-sky lifestyle with key-locked elevator access, sprawling interiors and approximately 1,500 square feet of private outdoor space in an exclusive full-service condominium. Imagine sumptuous living and lavish entertaining where every outlook is a picture postcard — from the sleek New York Merchandise Mart and the magnificent gilded towers of the New York Life and Met Life buildings to the iconic Flatiron building and the verdant vistas of Madison Square Park. Inside the 3,564-square-foot duplex, you'll find a showplace-in-the-making filled with herringbone hardwood floors, walls of windows, and furnishings owned by the late Gianni Versace himself (Yes, they're available with the home). Awake in the regal owner's retreat on the upper level featuring a nearly 80-foot-long wraparound terrace invites you to linger over morning coffee and jaw-dropping views. A spa bath and walk-in closet complete the elegant suite, while another bedroom on this floor is perfect as an office, nursery or a luxurious dressing room. Plan grand gatherings on the indoor-outdoor main level, where guests are greeted by a gracious gallery foyer lined with closets and a powder room. Ahead, the great room sets the stage for newsworthy celebrations followed by after-dinner drinks overlooking the sights of the city on the adjacent 364-square-foot terrace. The massive eat-in kitchen accommodates dinner for two or twelve with equal ease. Down the hall, two more bedrooms with en suite baths and a large laundry room complete this unrivaled residence ready for your unique vision. 50 Madison Avenue is the perfect combination of a turn-of-the-century estate topped by eight contemporary luxury residences. Residents of the discreet, pet-friendly boutique enclave enjoy full-time doorman service, keyed elevator access, a package room, storage and a bike room. Located in ultra-desirable NoMad — surrounded by the Flatiron District, Gramercy, Chelsea and Union Square — this home is at the heart of desirable Manhattan living. Enjoy glorious outdoor space, a dog park and year-round events at Madison Square Park. Foodies will love the award-winning dining at The Clocktower, Eleven Madison Park and Gramercy Tavern, while gourmet shopping destinations Eataly, Whole Foods, Fairway, Trader Joe's and Morton Williams fill the nearby blocks. Transportation options abound with N/R/W, 4/5/6, L, F/M and PATH trains, excellent bus service and CitiBike stations all within easy reach.

Features & Amenities

Interior Features

Crown Molding Entrance Foyer Eat In Kitchen Elevator High Ceilings Recessed Lighting Walk In Closets Common On Floor Common Area In Unit Flooring: Hardwood Window Treatments

Exterior Features

Terrace Wrap Around

Appliances

Dishwasher Refrigerator Wine Cooler Washer

Building Information

Building Data View Compliance & Permits
Total Units 9
Stories 1
Structure HighRise

Financial Details

Common Charges $5,649/mo
RE Taxes $74,532/yr ($6,211/mo)
Original Price $10,000,000
Sale Price $9,000,000
Previous Price $10,500,000

NoMad, named for its position North of Madison Square Park, spans from roughly 25th to 30th Streets between Sixth and Lexington Avenues. The neighborhood's housing includes Beaux-Arts prewar cooperatives, boutique condo conversions, and modern luxury towers, all within walking distance of the N, Q, R, W, and 6 trains. Madison Square Park anchors the southern edge, and the area's commercial corridor along Broadway features a concentration of ground-floor restaurant and retail space.

NoMad Live Market Data

View Neighborhood

Active Listings

79

Median Asking Price

$2.90M

Median $/Sqft

$1,763

Avg Days on Market

N/A

New This Week

6

Price Reduced

39%

Sold (30 Days)

6

Median Sale Price

$2.85M

Live data from RLS at REBNY • Updated 5/3/26, 3:38 PM EST

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Location

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50 Madison Avenue #PH, NoMad, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
11
Floors
9
Residential Units
C5-2
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $4,682,701
Land Value: $1,147,501
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,963 SF
Building Area: 28,224 SF
Built FAR: 9.53
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $5,649 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $74,532, or roughly $6,211 per month. Verify the current assessment with your attorney before closing.

This property has 4 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 3,564 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $9,000,000 for 3,564 sq ft, the asking price per square foot is approximately $2,525. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10945800
First Listed: 10/26/2023
On Market: 5/12/2023
Price Changed: 1/5/2024
Closed: 12/8/2023
Contract Date: 8/22/2023

Listing Courtesy of Compass - Andrew Pritchard

Listing Contact: (917) 972-1600

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/3/2026 at 7:38 PM UTC

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