POTENTIAL VACANT DELIVERY: 797 Madison Avenue can be delivered vacant, providing investors the ability to reposition and lease-up at market rents exceeding $670/SF for retail. The vacant delivery allows for complete control over design, branding, and strategy.

OWNER-USER OPPORTUNITY: Rare chance for an owner-user to immediately occupy a prime Madison Avenue address—whether as a flagship retail presence and/or boutique office. The property’s dual entrances and private elevator further enhance its uniqueness, offering flexibility for branding, circulation, or multi-level use.

TROPHY MADISON AVENUE LOCATION: Positioned on one of Manhattan’s most prestigious luxury corridors in Lenox Hill, the property benefits from elite visibility, affluent demographics, and proximity to cultural institutions, ensuring lasting appeal for premium tenants and users.

ROBUST SUBMARKET TAILWINDS: Madison Avenue’s limited availability, strong leasing velocity, and influx of international retailers—coupled with Manhattan’s office rebound—create resilient fundamentals. This asset is well-positioned to capture both luxury retail demand and institutional capital.

AIR RIGHTS UPSIDE: With 9,827 SF of transferable air rights and zoning permitting a maximum FAR of 10 (current as-built 4.15), the property offers significant potential for vertical expansion, additional density, or future residential conversion in a high-demand submarket.