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172 Madison AveNew York, NY 10016
172 Madison Avenue
Asset ClassMultifamily
UCC Foreclosure Sale: 10 Luxury Condominiums & 2 Retail Units
overview of deal


Property Overview

172 Madison is a luxury condominium high-rise building located on the iconic Madison Avenue in Midtown South. The building houses 72 apartments ranging from 1 to 5 bed- rooms, one 3rd floor mansion and one skyhouse along with 2 retail units on the ground floor. Amenities include a 24-hour doorman, in-house concierge services, a lounge, an outdoor plaza, a 67-foot saltwater pool, a spa and steam rooms, a fitness club, a children’s playroom, and a club room.

Surrounded by the best of NoMad and Midtown — from Madison Square Park and Eataly to Bryant Park and the New York Public Library — 172 Madison is located on one of the most famous and fashionable avenues in the world.

The residences have been meticulously fashioned by renowned designer Shamir Shah. The kitchens, designed in collaboration with Molteni, feature Miele and SubZero appliances, while en-suite bathrooms and powder rooms feature Dornbracht fixtures and luxurious natural stone surfaces. All homes have been pre-wired for future smart home customiza- tion and electric shades.


Collateral Details:

  • 10 luxury residential condo units and 2 commercial units consisting of 4 2-bed/2.5- bath apartments, 1 3-bed/3.5-bath apartment, 4 5-bed/4.5-bath apartments, the 3 floor Skyhouse apartment and 2 ground floor retail units
  • 11B, 15B, 17B, 18B are 2-bed/2.5-bath 1,488 SF residential units
  • 27A 3-bed/3.5-bath 2,146 SF residential unit
  • PHA, PHB, PHC, PHD are 5-bed/4.5-bath residential units
  • The Skyhouse is 3-story, 11-bed/14-bath residential apartment with a glass-walled elevator, a private rooftop terrace, a pool and a jacuzzi
  • G CML A and G CML B are two ground floor retail units with additional space on on the lower level.

Auction Details:

Bid Deadline: May 30th, 2024, at 5:00 p.m. (New York Time)

Auction Date: June 4th, 2024, at 11:00 a.m. (New York Time)

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Investment Highlights

Cross Street: Madison Avenue between 33rd and 34th Streets

Total Collateral Residential Units: 10 Residential Condos

Total Retail Units: 2 ground floor units

Total Building Number of Floors: 33 stories

Block/Lot: 863/7502

Lot Area: 10,752 SF Total Building Gross Floor Area: 116,877 SF

Zoning: C5-2 Year Built: 2016

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172 Madison AveNew York, NY 10016
Midtown South is situated in central Manhattan among New York’s most iconic land- marks and districts. This bustling neighborhood borders Times Square and encompasses what most people think of when they picture New York City, including the Empire State Building and the main branch of the New York Public Library.

Sales Team

Aaron Jungreis Founder & CEO
Alex Fuchs Senior Director
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Listing provided by Revere CRE