$1,086,000 - $1,342,000
RENTED JAN 8, 2025

The Grand Madison 225 5th Ave Unit 6T New York, NY 10010

NoMad Neighborhood
1 Bed
1 Bath
706 Sq Ft
$1,727 Price per Sq Ft

Last Sold October 24, 2024

Last sale price $1,295,000 $1,834 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,780/month

About This Home

As of October 2024

Offered for a one year lease term!

Located in an iconic landmark condominium—The Grand Madison—directly on Fifth Avenue at beautiful Madison Square Park, this wonderful one-bedroom apartment is centered in one of Manhattan’s hottest evolving neighborhoods, NOMAD, with its vibrant mix of restaurants, hotels, retail stores, and so much more.

Quietly positioned facing the big open courtyard, this beautiful home has an open chef's kitchen with Poggenpohl cabinets, Viking appliances, stone counters, and outstanding storage. The living room is spacious and great for entertaining. With abundant closet space, a washer/dryer, high ceilings, and central heating and air conditioning, this is the perfect perch in the middle of Manhattan with all transportation and amenities close by, including the magical EATALY market and food hall that changed the neighborhood forever. With Hudson Yards and Penn Station to the West and Midtown Manhattan a few minutes to your north, this location's convenience knows no rival.

The architecturally noteworthy turn-of-the-century (1906) Renaissance-revival-style building designed by Francis H. Kimball and Harry E. Donnell has incredible services, including a 24-hour lobby, fully equipped gym, on-site dry cleaner and housekeeping services, two handymen, and a live-in superintendent.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2024
Closed on
Oct 24, 2024
Sold by
Silver Sky Management Llc
Bought by
Ford Stuart and Russell Ford Molly
Seller's Agent
Leonard Steinberg
Compass
List Price
$1,295,000
Sold Price
$1,295,000
Views
15
Current Estimated Value
$1,219,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75,629
Avg. Annual Appreciation
-9.86%
Original Mortgage
$1,036,000
Outstanding Balance
$1,030,880
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$188,491

Purchase Details

Listed on
Feb 21, 2014
Closed on
Apr 25, 2014
Sold by
Hur Jun and Whang Youjinn
Bought by
Silver Sky Management Llc
Seller's Agent
Holly Parker
Compass
List Price
$1,365,000
Sold Price
$1,365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.50%

Purchase Details

Closed on
Jul 23, 2007
Sold by
Hook One Properties Llc
Bought by
Hur Jun and Whang Youjinn

Purchase Details

Closed on
Apr 5, 2007
Sold by
225 5Th Llc
Bought by
Hook One Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Ford Stuart $1,295,000 --
Silver Sky Management Llc $1,365,000 --
Silver Sky Management Llc $1,365,000 --
Hur Jun $960,000 --
Hur Jun $960,000 --
Hook One Properties Llc $785,000 --
Hook One Properties Llc $785,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ford Stuart $1,036,000
Previous Owner Hook One Properties Llc $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2025 01/08/25 Rented $5,500 0.0% --
11/27/2024 11/27/24 Under Contract -- -- --
11/08/2024 11/08/24 For Rent $5,500 0.0% --
10/24/2024 10/24/24 Sold $1,295,000 0.0% $1,834 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $1,295,000 -5.1% $1,834 / Sq Ft
04/29/2014 04/29/14 Sold $1,365,000 0.0% $1,933 / Sq Ft
03/30/2014 03/30/14 Pending -- -- --
02/21/2014 02/21/14 For Sale $1,365,000 -- $1,933 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,449 $91,578 $39,218 $52,360
2023 $11,164 $91,010 $39,218 $51,792
2022 $11,003 $90,833 $39,218 $51,615
2021 $10,573 $86,194 $39,218 $46,976
2020 $10,763 $95,468 $39,218 $56,250
2019 $10,640 $93,322 $39,218 $54,104
2018 $10,251 $90,062 $39,218 $50,844
2017 $9,899 $86,928 $39,218 $47,710
2016 $9,717 $79,305 $39,218 $40,087
2015 $5,633 $78,998 $39,218 $39,780
2014 $5,633 $67,717 $39,218 $28,499
Source: Public Records

Agents Affiliated with this Home

  • Leonard Steinberg

    Seller's Agent in 2025

    Leonard Steinberg

    Compass

    (646) 375-1932

    2 in this area

    131 Total Sales

    Leonard Steinberg
    Section Image
  • Hervé Senequier

    Seller Co-Listing Agent in 2025

    Hervé Senequier

    Compass

    (917) 353-2890

    2 in this area

    75 Total Sales

    Hervé Senequier
    Section Image
  • Holly Parker

    Seller's Agent in 2014

    Holly Parker

    Compass

    (212) 727-6163

    10 in this area

    127 Total Sales

    Holly Parker
    Section Image
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About The Grand Madison

Map

New York New York County New York 10001 NoMad

225 5th Ave Unit 6T, New York, NY

Homes for Sale in New York, NY

This home is located at 225 5th Ave Unit 6T, New York, NY 10010 and is currently estimated at $1,219,371, approximately $1,727 per square foot. 225 5th Ave Unit 6T is a home located in New York County with nearby schools including P.S. 116 Mary Lindley Murray, Clinton School, and Simon Baruch Middle School 104.

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 to be accurate and should be independently verified.

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