A rating for the building relative to other buildings of the same type throughout the country.Learn more
187Units
13Stories
1907Year Built
$1.2M - $6.6MValue Range
Available Units
For Sale
For Rent
No Units Available
Highlights
Concierge
P.S. 116 Mary Lindley Murray Rated A-
Rooftop Deck
City View
Pre War Building
2 min walk to Madison Square Park
Landmark building that has attracted famous residents
The Grand Madison has a grand reputation both for its pedigreed landmark status and the famous names who have lived here. The 12-story Beaux Arts beauty has occupied NoMad — aka Madison Square North — since 1907, a limestone and red-brick building by architects Francis H. Kimball and Harry E. Donnell. The Grand Madison is especially noted for its intricate carvings and stone balconies on the higher floors. It began as the Brunswick Building for offices, then later housed wholesale showrooms for all manner of gifts and housewares, from glass to stationery, and even those outside of the industry knew it as The Gift Building. Gal Nauer Architects converted it to condos in 2006, when it was reborn as the Grand Madison. Since then, Lester Holt and Chelsea Clinton are among the celebrities who have called it home (but have since moved on). Although neither the landmark designation nor the social cachet necessarily attract buyers. “People like the building because they either work or have family nearby,” says Jasvir Bal, an Elegran agent, during a recent visit.
Condo units with pre-war touches
Despite being called the Grand Mansion, there are only 187 units, while the condo has more of a boutique vibe. Apartments are graciously sized and range from 706-square-foot one-bedrooms selling for at least $1.2 million to a whopping 4,800-square-foot five-bedroom, five-bath that recently sold for $9 million. Finishes vary due to renovations, but it’s not uncommon to find kitchens with Poggenpohl cabinets, wine storage and Caesarstone counters, or bathrooms with Calacatta marble, double sinks and separate showers. Windows and 11-foot ceilings are higher than average in these loft-like layouts; the most desirable units overlook Madison Square Park and the Flatiron building. Apartments are also quiet given the location, especially those facing the rear courtyard. Bosch washers and dryers and central air are also part of the equation. Penthouses on the top floor include duplex layouts with arched windows and private terraces with more than 300 square feet. There are also separate entrances on each floor, which Bal jokes makes for an easy escape. That feature may have been needed by actor Kunal Nayyar (better known as Raj in the TV show “Big Bang Theory”) who recently sold a duplex penthouse there for a reduced price of almost $2.5 million.
Landscaped courtyard and valet dry cleaning
Although there's a Chase Bank branch on the ground floor, the entrance and lobby (updated twice over the years) maintain a throwback elegance. Residents step back in time into a staffed lobby lined with arched white beams and tasteful gold accents, punctuated by a line of waterfall-style glass chandeliers. The gracious ambiance continues in the neatly manicured courtyard that’s enclosed with stepping stones and surrounded by umbrella-topped tables and lounge chairs. Bal mentions that there isn’t a roof deck due to the building’s landmark status. The gym is tucked away in the basement like in many buildings, but doesn’t deter residents from making use of its cardio equipment and weights. There’s also a valet dry cleaning service in the basement that picks up items from the front desk. Speaking of services, a live-in super and concierge handle various requests, while there’s also the option to add daily maid service.
Epicenter for shopping and dining across from Madison Square Park
The Grand Madison is technically located in NoMad, but it’s also on the edge of the Flatiron district. This puts Eataly NYC Flatiron, the flagship Italian food hall, within walking distance, along with Trader Joe’s. Whole Foods is even closer. Madison Square Park is literally across the street and home to an ever-popular (and inaugural) Shake Shack. The popular 230 Fifth rooftop bar is steps away too, where a trendy crowd gathers for trendy cocktails. Nearby, Eleven Madison Park is another longtime spot that continues to draw crowds thanks to its three Michelin stars, although a more recent decision to become plant-based remains controversial for some. Regardless, this prime section of Manhattan is overflowing with upmarket stores and restaurants. For something a bit different, the Chelsea Flea is a neighborhood institution, a year-round, weekend flea market with as many as 60 vendors, and just a five-minute stroll from the Grand Madison.
Excellent transportation options
Transportation needs are covered by the R, W trains at opposite ends of the park at 28th and 23rd streets. The 6 runs along Park Avenue South, while the 1 line is a little further on 7th Avenue; both have stops at 28th and 23rd streets. There’s also a PATH station at 23rd and 6th for trains to New Jersey and Manhattan stops between Penn Station and World Trade. Crosstown buses travel along 23rd Street, a major artery.
Collateral AnalyticsCollateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Black Knight®Black Knight
Black Knight’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
First AmericanFirst American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Quantarium
Current List Price
Sold Price
Area Factors
Moderate Crime
Crime Score®
6/ 10
Biker's Paradise
Bike Score®
91/ 100
Walker's Paradise
Walk Score®
100/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Madison Square Park
2 min walk
Dog Park
Picnic Area
Playground
Greeley Square Park
7 min walk
Herald Square
9 min walk
Picnic Area
Trails
Concessions
Penn South Playground
10 min walk
Basketball
Tennis
Playground
Union Square Park
11 min walk
Dog Park
Picnic Area
Trails
Vincent F Albano Jr Playground
11 min walk
Playground
Chelsea Green
12 min walk
Picnic Area
Playground
Waterpark
Sandbox Playground
13 min walk
Peter's Field
15 min walk
Basketball
Multi-Purpose Field
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.
