NOT LISTED FOR SALE

1261 Madison Ave Unit 5S New York, NY 10128

Carnegie Hill Neighborhood

Estimated Value: $3,852,132

3 Beds
3 Baths
-- Sq Ft
$5,579/mo HOA Fee

Last Sold September 27, 2021

Last sale price $3,725,000

Est. 3% increase in value since last sale

Current estimated payment $29,714/month

68 Days on Market

Highlights

  • City View
  • Central Air
  • Laundry Facilities
  • P.S. 6 Lillie D. Blake Rated A

About This Home

As of September 2021

This is a rare opportunity to own a one-of-a-kind apartment in one of Carnegie Hill's oldest, most desirable and distinctive buildings - 1261 Madison Avenue. Gracious and light filled, Apartment 5S has been fully renovated to the highest standards by the current owners in partnership with celebrated designer Harry Schnaper. Measuring approximately 2,150 square feet, one enters this spectacular three bedroom apartment through a windowed and gracious entry vestibule, which leads to the magnificent living spaces—which span along Madison Avenue and the corner of 90th St -- with oversized arched windows letting in the light and air. Boasting 9'10” foot ceilings, the library/office, dining and living spaces are all open to one another with cased pocket doors, allowing for separation of the spaces, when needed, and a vast expanse when open. A suite of secondary bedrooms, equipped with generous closets and custom milled desk and bookshelves, provide wonderful bedroom spaces complete with two fully-renovated bathrooms with radiant floors. The primary bedroom suite faces South and is complete with custom built-in cabinetry in the primary closet with a handsome spa like bath, including custom millwork and marble finishes, as well as radiant floor. The custom milled eat-in kitchen with window, has top of the line appliances, Subzero refrigerator and freezer, Wolf 6 burner gas stove, Miele dishwasher and GE wine refrigerator and Asko washer/dryer. Solid oak floors in all of the rooms are new with the renovation. All of the systems in this apartment have been thoughtfully done - including plumbing, new electrical, AV as well as central air conditioning. 1261 Madison Avenue is a pet-friendly non-doorman building with a fastidious live-in Superintendent. The building has both a laundry room and a bike room; Apartment 5S will be transferred with an additional storage room in the basement. The Neighborhood From 1899 to 1902, Andrew Carnegie and his wife Louise Whitfield built their remarkable 64-room brick and stone Georgian-revival house, now known as the Cooper-Hewitt, Smithsonian Design Museum. The house was groundbreaking and a catalyst for development, giving rise to the neighborhood known as Carnegie Hill. 1261 Madison Avenue was one of the first luxury apartment buildings in Carnegie Hill: designed by Buchman and Fox, construction began in 1900 and was completed a year later. 1261 Madison Avenue was designated a historically significant city landmark in 1974; with its tiled mansard roof, rusticated two-story limestone base and grand entranceway, and it remains one of the most beautiful and distinctive structures in the area. It is an intimate boutique building with just 14 apartments on seven floors. Located in the absolute heart of Carnegie Hill just a stone's throw from the Central Park Reservoir and all that this vibrant neighborhood has to offer – including amazing restaurants and shopping. There is a 2% flip tax paid by buyer.

Last Agent to Sell the Property

Maggie Gold Seelig

Corcoran Group License #10301217724 Listed on: 04/27/2021

Corcoran Group

Co-Listed By

Max Clayton

Modlin Group LLC License #10401346787

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1900

HOA Fees

  • $5,579 Monthly HOA Fees

Home Design

  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • City Views
  • 6,250 Sq Ft Lot
  • Central Air

Community Details

Overview

  • 14 Units
  • Carnegie Hill Subdivision
  • 7-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Co-Op

Year Built

Built in 1900

Lot Details

0

HOA Fees

$5,579 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Carnegie Hill
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Coop
  • Stories: 7

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5579.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Stock Cooperative
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Area: 6250.0
  • Lot Size Dimensions: 62.17 x 100.67

Building Info

  • New Construction: No
  • Units: 14
  • Total Stories: 7
  • Year Built: 1900

Tax Info

  • Tax Block: 0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2021 09/27/21 Sold $3,725,000 -6.8% --
07/05/2021 07/05/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $3,995,000 -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10771008

Real Estate Board of New York (REBNY)

APN: 01502-00205S