Positioned along Madison Avenue in prime Carnegie Hill, 1285 Madison Avenue is a beautifully maintained, 20-foot-wide mixed-use townhouse offering enduring architectural charm and an established income stream. Spanning approximately 5,283 square feet across five stories, the property comprises two commercial spaces and three renovated, full-floor residences. Could be delivered fully vacant, all free-market tenants with compelling CAP rate for investment purposes.
The residential interiors blend prewar character with thoughtfully updated kitchens and baths. Select apartments feature gracious bay windows, soaring ceilings, original parquet floors, wood-burning fireplaces, intricate millwork and in-unit laundry. East and west exposures welcome lovely natural light, with rear outlooks over neighboring townhouse gardens.
Surrounded by Carnegie Hill’s fine shops and restaurants, moments from Central Park, the Reservoir and Museum Mile, this distinctive property offers a compelling opportunity to acquire an income-producing townhouse in one of Manhattan’s most coveted neighborhoods.
Active
$6,950,000
1285 Madison Ave, New York, NY 10128
5beds
5,283sqft
Mixed Use
Built in 1910
-- sqft lot
$6,970,000 Zestimate®
$1,316/sqft
$-- HOA
What's special
Wood-burning fireplacesOriginal parquet floorsSoaring ceilingsThree renovated full-floor residencesGracious bay windowsIntricate millworkIn-unit laundry
- 24 days
- 1,069
- 66
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Sotheby's International Realty 917-763-8504,
Kristi Ambrosetti
Source: StreetEasy,MLS#: S1854074
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 8
- Full bathrooms: 3
- 1/2 bathrooms: 5
Appliances
- Included: Dishwasher, Washer/Dryer
Features
- Has fireplace: Yes
Interior area
- Total structure area: 5,283
- Total interior livable area: 5,283 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Garden
Details
- Parcel number: 015030055
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Condition
- Year built: 1910
Community & HOA
Community
- Subdivision: Carnegie Hill
Location
- Region: New York
Financial & listing details
- Price per square foot: $1,316/sqft
- Tax assessed value: $3,755,000
- Annual tax amount: $118,716
- Date on market: 10/21/2026
Estimated market value
$6,970,000
$6.62M - $7.32M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2026 | Listed for sale | $6,950,000+169.9%$1,316/sqft |
Source: StreetEasy #S1854074 Report a problem | ||
| 2/22/2023 | Sold | $2,575,000$487/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $119,300 +3.2% | $1,689,750 +20% |
| 2024 | $115,620 +10.1% | $1,408,050 -15% |
| 2023 | $105,044 | $1,657,350 -20% |
| 2022 | -- | $2,071,800 +25% |
| 2021 | -- | $1,657,350 +3% |
| 2020 | -- | $1,609,200 +20% |
| 2019 | $88,733 +6.8% | $1,340,820 +103.6% |
| 2018 | $83,076 +7.1% | $658,703 +8% |
| 2017 | $77,575 +6.6% | $609,911 +8% |
| 2016 | $72,806 | $564,734 |
| 2015 | $72,806 +131% | $564,734 +3.2% |
| 2014 | $31,511 | $547,229 |
Find assessor info on the county website







