$4,750,000
Updated 7 years ago
Off Market

1992 Madison Ave

East Harlem, Manhattan | East 126th Street & East 127th Street

20 Rooms9 Beds9 Baths6,420 Square FeetMulti-Family

$4,750,000
floors / apts4 / 4
Lot Size19'x85'
Built Size19'x60'
ZoneR7-2
Building TypeTownhouse
RE Taxes$14,931
Price Per SF
$740

Outdoor space and views

  • Backyard

Building Amenities

  • Garage

Property Description for 1992 Madison Ave

1992 Madison Avenue is a newly renovated 4 unit multi-family townhouse with 2 garages, sitting on a corner lot with 3 exposures. The renovation includes brand new facade work, a new roof, new windows, mechanicals, fixtures, finishes, and equipment. Delivered vacant, this property's three exposures provide abundant light to four move-in ready, generously proportioned units, with the added benefit of a two-car garage. The apartments include a 2,150 square foot, 3 bedroom, 3.5 bathroom triplex, complete with a full Bosch appliance package, 12' ceilings on the parlor level, and a finished 1,275 SF recreation space. Above the triplex with a separate entrance are three identical 1,045 square foot 3 bedroom, 2 bathroom floor-through apartments with open kitchens and Whirlpool appliances. Every apartment is fully equipped with washer/dryers, and central air conditioning, with individual HVAC units and utility meters. This property presents a perfect opportunity to live and/or invest in East Harlem, which is benefitting from new infrastructure, services, and zoning, and would be an ideal 1031 Exchange property, as it is a turn-key investment property with no work needed, and easily rentable. East Harlem's revered cultural, dining, and recreational parks are just blocks away, as well as the 2/3 & 4/5/6 trains and Metro North. Shown by appointment.

Listing History for 1992 Madison Ave

Now
06/13/2019
TOM by Carrie C. Chiang
Corcoran
03/11/2019
Back on the Market by Carrie C. Chiang
Corcoran

Building Details for 1992 Madison Ave

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

125 St
0.24 miles
125 St
0.29 miles
135 St
0.5 miles

Railroad

Harlem-125 StMetro-North Railroad
0.14 miles

Citi Bike

E 128 St & Madison Ave
0.06 miles
5 Ave & W 126 St
0.09 miles

Contact Agents

Contact Agents

Loy Carlos
Corcoran

East Harlem | Manhattan

Quick Profile

Take a stroll through East Harlem and you’ll find a vibrant, culturally diverse neighborhood, which is evident no matter which direction you look. East Harlem is also known as Spanish Harlem, El Barrio, and “The Neighborhood,” as it is home to a population that represents Hispanic immigrants, primarily from Puerto Rico, as well as from Mexico, Cuba, and the Dominican Republic. These immigrants brought their cultures with them, in the form of music, dance, art, and food. During the day, you’ll find the neighborhood filled with opportunities to experience Latin culture. Both the salsa dance craze and the graffiti style of art were born right in East Harlem. There are many great places to sample authentic cuisine, from Rao’s (where you cannot get a table unless you inherit one, and any reservations must be booked years in advance) to sidewalk carts, where you can get the best “street meat” to be had in NYC.

In East Harlem you’ll find a number of innovative educational opportunities in the form of specialized and charter schools that are considered top-notch. Many of these have very competitive admissions criteria and offer curricula that focus on creativity and social awareness. Such schools are a draw for young families that want to raise their children in an educational system that goes above and beyond the standard.

The vibe of East Harlem is one of community and neighbors that interact with each other routinely. There are many small, family-owned and -operated businesses and restaurants that have been neighborhood anchors for years. As you stroll through East Harlem, you will be immersed in sights, sounds and flavors that are straight from Latin American or the Caribbean islands, sometimes both at once. You can sample Puerto Rican-inspired plantain mofongo, which is mashed plantains with garlic and pork rinds, from local sidewalk carts. Or if it is a hot summer’s day, you might enjoy a Mexican-inspired licuado, which is a blended drink similar to a smoothie, made with milk, fruit, and ice. Sometimes, spices, citrus juices, and sugar are added. Although you will find an abundance of authentic cuisine and music no matter where you look in East Harlem.

Prefer to cook at home? East River Plaza offers Target, Costco, and Aldi stores, all of which offer fresh food at reasonable prices.

East Harlem housing consists of more affordable walk-ups, low-rise pre-war buildings, brownstones, and is dominated housing complexes. You can find some comparatively large apartments at reasonable price points, and even some rent-stabilized apartments. Luxury co-op and condo units are being built on the southern boundary of East Harlem. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 71495TH