218 Madison Avenue, Manhattan
Apartment building · 26 units · built 2025 · Block 866, Lot 16.
Building permits
- New Building — Mid-Rise, filed Jun 14, 2024, 26 units, 10 stories, described as “Proposed 10 story residential building”
- Alteration, filed Mar 26, 2026, estimated cost $1K, described as “This application is filed for a temporary use permit for a leasing office including model apartments pursuant to section ac 28-11 and buildings bulletin 2010- 002.”
- Alteration, filed Oct 24, 2025, estimated cost $10K, described as “Equipment use: single 8000 # capacity personnel hoist during NB const, filed sep. Hoist shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application submitted sep.”
- Alteration, filed Oct 13, 2025, estimated cost $7K, described as “Installation of a temporary roof protection, overhead protection, and window protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Oct 9, 2025, estimated cost $4K, described as “Installation of a temporary needle beam per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Oct 9, 2025, estimated cost $35K, described as “Installation of a temporarily supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Oct 7, 2025, estimated cost $8K, described as “Installation of a temporarily heavy-duty sidewalk shed per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jul 3, 2025, estimated cost $8K, described as “Installation of a temporary construction fence per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Mar 20, 2024, estimated cost $20K, described as “Installation of 300 psf sidewalk shed, pipe scaffolding, and needle beam as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Demolition, filed Mar 7, 2024, estimated cost $125K, described as “Full demolition of four story structure, using hand held to demolish structure.”
- Alteration, filed Feb 6, 2024, estimated cost $6K, described as “Installation of temporary construction plywood fence as per plans. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2022.”
Property taxes
- Assessment
- $945,000
- 2026–27 tax
- $117,549
- Market value (city estimate)
- $2,100,000
- Taxable value
- $945,000
- Assessed land
- $945,000
Zoning
C5-2: floor area ratio 11.24 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Dec 14, 2023: $12,000,000
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Permits Filed for 218 Madison Avenue in Midtown, Manhattan, New York YIMBY, Jun 24, 2024.