Dear Grand Madison Homeowner, 

It is my pleasure to present to you with our report giving you the most up to date statistics on the NYC real estate market and The Grand Madison.

With multiple sales and rentals in the neighborhood, our team knows how to effectively market the building to buyers and tenants. Our listings go into contract in an average of 42 days vs. the average agent's 130 days on the market. We also sell properties for 8.68% more than the average agent in NYC. 

If you should have any questions about 225 Fifth or would like to know the current value of your home, please click below to contact me now! 

I look forward to seeing you around the neighborhood! 

All the best, 

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THE NICK ATHANAIL TEAM

The Corcoran Group

Licensed Associate Real Estate Broker

(855) NICK-NYC                   NGA@corcoran.com

 
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THE GRAND MADISON STATISTICS

(Updated February 2017)

**All Statistics are from the past 12 months**

Current Average PPSQFT

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1 Bedrooms

 

Average Price: $1,822,000

Average Common Charges & Taxes: $1,912

Average price per room: $520,571

Average Square feet: 997

Average price per square foot: $1,826

Average Rental Price: $6,497

Median Price History of 1 Bedrooms

(Resale Condos)

2 Bedrooms

 

Average Price: $3,881,666

Average Common Charges & Taxes: $4,237

Average price per room: $862,593

Average Square feet: 1,612

Average price per square foot: $2,407

Average Rental Price: $9,167

Median Price History of 2 Bedrooms

(Resale Condos)

3 Bedrooms

Median Price History of 3 Bedrooms

(Resale Condos)

 

Average Price: $5,681,000

Average Common Charges & Taxes: $5,432

Average price per room: $1,032,909

Average Square feet: 2,070

Average price per square foot: $2,744

Average Rental Price: $13,666


FLATIRON CONDOMINIUM STATISTICS

(Updated February 2017)

*All Statistics are from the last 3 months*

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On The Market Now
In Flatiron

Average Price

$5,507,092

Median Price

$3,049,995

Total Active

124

AVERAGE $ / SQ FT

$2,854

Average Days on the Market

155

Recently Sold
In Flatiron

Average Price

$4,130,568

Median Price

$2,300,000

AVERAGE $ / SQ FT

$2,296

Total Closed

33

Average Days on Market

106

Supply Vs Demand
In Flatiron

Average Sold Per Month

11.0

Total Active

124

Months of Supply

11.3

Supply

Over Supply


MANHATTAN CONDOMINIUM STATISTICS

(Updated February 2017) 

*All Statistics are from the last 3 months*

Average Price (Manhattan)

Months of Supply in Manhattan

 

On The Market Now
In Manhattan

Average Price

$4,268,084

Median Price

$2,375,250

Total Active

3,158

AVERAGE $ / SQ FT

$2,522

Average Days on the Market

168

Recently Sold
In Manhattan

Average Price

$2,763,512

Median Price

$1,650,000

Total Closed

1,177

AVERAGE $ / SQ FT

$2,066

Average Days on Market

109

Supply Vs Demand
In Manhattan

Average Sold Per Month

392.3

Total Active

3,158

Months of Supply

8.0

Supply

Equilibrium

 

CURRENTLY ON THE MARKET

AT THE GRAND MADISON

 
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UNIT 3L

$5,999,000

3 Bedroom | 2.5 Bathroom

2,168 ft² | $2,767 per ft²

Common Charges: $2,865
Monthly Taxes: $2,478

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Unit 9R

$1,850,000

1 Bedroom | 1.5 Bathroom

Common Charges: $950
Monthly Taxes: $950

 

IN CONTRACT AT THE GRAND MADISON

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Unit 2P

$1,995,000

1 Bedroom | 1 Bathroom

1,024 ft² | $1,948 per ft²

Common Charges: $1,021
Monthly Taxes: $1,129

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Unit 6B

$2,250,000

2 Bedroom | 2 Bathroom

1,320 ft² | $1,704 per ft²

Common Charges: $1,393
Monthly Taxes: $1,176

 

Thinking of selling or renting your home?

Or just curious about how much it's worth?

We will be happy to provide you with an accurate value of what your home is worth in today's sales and rental market. We respect your privacy and none of your information with ever be shared or sold. 

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Thanks For Reading Our Report! 

Subscribe to our report for the latest up to date stats and updates at The Grand Madison. We look forward to seeing you again.

Sincerely,

THE NICK ATHANAIL TEAM

The Corcoran Group

Licensed Associate Real Estate Broker

(855) NICK-NYC

NGA@corcoran.com

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