127 Madison Avenue (M127)
127 Madison Avenue, New York, NY 10016
BBL 1008607503 · BIN 1016973
- Year built
- 1920
- Type
- Commercial-building conversion with a vertical addition
- Units
- 9
- Floors
- 12
- Amenities
- Elevator; private outdoor terraces on duplex homes
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
Every recorded sale at this building, 2008–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,156
- 1 sale
- Listing discount
- 2.4%
- Recorded sales
- 20
- On record
- 2008–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at M127 would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
About the building
SHoP Architects remodeled and expanded an existing commercial building to create M127. The design inserts angled steel-and-glass window boxes into the older brick façade. Their projecting shape creates interior seating areas and turns views along Madison Avenue toward Madison Square Park. The work combined the existing lower structure with new floors above; the architect dates completion to 2008.
The residential mix consists of floor-through apartments and two duplex penthouses with outdoor terraces. Elevator access serves the homes, and the upper duplexes divide their rooms between levels. The condominium also includes a commercial component, separately identified in the original offering. The plan became effective at the end of 2007, ahead of the first recorded apartment closings.
Monthly carrying charges in recent sales
- Common charges + taxes, per square foot
- $2.14 per square foot a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jan 6, 2026 | 5 | 2 BR · 2 BA · 1,600 sf | $1,850,000 | $1,156/sf | -2.4% |
| Jan 17, 2025 | 2A | 2 BR · 2 BA · 1,550 sf | $1,750,000 | $1,129/sf | -2.5% |
| Dec 20, 2024 | 2 | 2 BR · 2 BA · 1,550 sf | $1,750,000 | $1,129/sf | — |
| Sep 15, 2023 | PHA | 3 BR · 3 BA · 2,381 sf | $3,150,000 | $1,323/sf | +0.0% |
| Feb 15, 2023 | 4 | 2 BR · 2 BA · 1,577 sf | $1,550,000 | $983/sf | — |
| Aug 9, 2022 | 8 | 2 BR · 2 BA · 1,600 sf | $1,925,000 | $1,203/sf | -3.5% |
| Jan 17, 2020 | 7 | 2 BR · 2 BA · 1,600 sf | $2,075,000 | $1,297/sf | -7.8% |
| Jan 3, 2018 | 2 | 2 BR · 1,550 sf | $1,950,000 | $1,258/sf | -2.4% |
Market read. Most recent trades (2026 to date) cleared a median $1,156/sf (recorded) across 1 sale. Median listing discount 2.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00860-7503; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at M127 and nearby.
Comparable buildings
- 50 Madison Avenue — A similarly small condominium with full-floor homes near Madison Square Park.
- 24 West 30th Street (The Pell Building) — A small loft condominium in a tall, narrow prewar commercial building.
- 107 East 31st Street — A nearby contemporary condominium with elevator access, a shared roof terrace and a larger association.
- 21 East 26th Street (The Whitman) — A smaller commercial-building conversion offering large floor-through residences facing the park.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at M127?
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646.939.7375 · c.cohen@compass.com