# 218 Madison Avenue, Manhattan

Apartment building · 26 units · built 2025 · Block 866, Lot 16.

On Umarelli: https://umarelli.org/nyc/1008660016/23-east-36-street

More construction in Murray Hill: https://umarelli.org/nyc/manhattan/murray-hill.md

## 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.

## Recent sales

- Dec 14, 2023: $12,000,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Permits Filed for 218 Madison Avenue in Midtown, Manhattan](https://newyorkyimby.com/2024/06/permits-filed-for-218-madison-avenue-in-midtown-manhattan.html), New York YIMBY, Jun 24, 2024.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology