SOLD FOR $18,575,000
· Closed February 27, 2015
$18,575,000
218 Madison Avenue
MLS® #RLS10063867
Listing by The Corcoran Group
Studio
Bedroom
0
Bath
N/A
Sq. Ft.
1920
Year Built
Quick Summary
Property Highlights
- Style: Prewar architecture
- Character: Pre-war building (1920)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Nov 1, 2014 | $20,000,000 | - |
| Currently | Apr 28, 2026 | $18,575,000 | -7.1% |
Description
218 Madison Avenue: THE LITTLE BUILDING THAT COULD...It is a great investment for your portfolio. It is an opportunity to own a prestigious Madison Avenue address, directly across the street from the The Morgan Library & Museum. But, it could be the eventual site of a gleaming new building. It will have nothing but huge upside potential for you in rent roll, appreciation, and redevelopment. This is a south & east facing, key corner site, which has not been offered for sale in almost a century; and is a once in a lifetime opportunity. We are very pleased to represent 218 Madison Avenue for sale. The property is a commercial building at the corner of Madison Avenue and E 36th Street, in Murray Hill/Midtown East. This is a terrific opportunity for an investor to gain financial exposure to a sizable parcel in the Manhattan real estate marketplace, with 130 feet of retail frontage. It is an asset with stable returns; and great short term upside because of strong demand for it's retail & office space. As a future development site, it?s particular corner location will allow for excellent residential layouts because of south and east lot exposures. It?s C5?2 zoning appears to permit a residential or mixed use tower to be eventually built on the site. It has solid financials and is currently generating $606,048 in income; with Net Operating Income (NOI) in 2013 of $302,319. The subject property benefits from 23,837 square feet of unused FAR, permitting a building of 35,210 sq. ft. to eventually be built on the site; mixed-use 'as of right'. Please send an email to the exclusive agents for a complete brochure of the offering, including rent roll and operating financials.
Building Information
About Murray Hill
View All Murray Hill ListingsMurray Hill offers a central Manhattan location with a surprisingly neighborhood-like feel. Known for its historic 'Sniffen Court' and a mix of mid-century high-rises and 19th-century townhouses, it is a popular choice for professionals seeking proximity to Grand Central and Midtown. The neighborhood is particularly well-regarded for offering a wide range of price points, from entry-level studio cooperatives to expansive luxury penthouses.
Murray Hill Live Market Data
View NeighborhoodActive Listings
268
Median Asking Price
$799K
Median $/Sqft
$1,210
Avg Days on Market
N/A
New This Week
13
Price Reduced
28%
Sold (30 Days)
21
Median Sale Price
$800K
Live data from RLS at REBNY • Updated 4/28/26, 12:21 AM EST
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Location
218 Madison Avenue, Murray Hill, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
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Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
According to MLS records, the building was constructed in 1920, making it approximately 106 years old.
Pet policy requires confirmation with the listing broker.
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) 416-7433Listing Courtesy of The Corcoran Group - Laurie Lewis
Listing Contact: (917) 887-0759
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 Data display by Keller Williams NYC. Data last updated on 4/28/2026 at 4:21 AM UTC