1295 Madison Avenue
1295 Madison Avenue, New York, NY 10128
Carnegie Hill, Upper East Side
BBL 1015047501 · BIN 1047067
- Year built
- 1900
- Type
- Condominium
- Units
- 21
- Floors
- 11
- Landmark
- Designated
- Pets
- Pet-friendly (dedicated pet spa on site); confirm specifics at offer stage
- Subletting
- Permitted under the condominium bylaws
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2023–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $4,299
- Listing discount
- 2.9%
- Recorded sales
- 27
- On record
- 2023–2026
1295 Madison Avenue — The Wales — is one of Carnegie Hill's most distinctive recent condominium offerings: a landmarked, turn-of-the-century building, long known as a hotel, gut-converted into 21 condominium residences and completed in 2023. Standing eleven stories at the northwest corner of Madison and East 92nd, its ornate Neo-Renaissance terracotta-and-limestone façade is a familiar Carnegie Hill landmark, and the conversion married that historic exterior to a fully contemporary residential interior designed under the direction of the Paris-based studio PINTO.
For buyers, The Wales offers something rare in the neighborhood — brand-new, high-design condominium interiors inside a genuinely historic, landmarked building, on one of Carnegie Hill's best corners. The residences are large — half-floor and full-floor homes, plus a duplex penthouse — and the building trades at the top of the Carnegie Hill market. It appeals to buyers who want the character and permanence of a landmarked address without sacrificing new-construction finishes, mechanical systems, and amenities.
Building operations
The Wales operates as a full-service condominium with a 24-hour attended lobby, a doorman/concierge, a live-in superintendent, a fitness center, a dedicated pet spa, bike storage, and private and cold storage available to residents, alongside in-unit laundry — an amenity package calibrated to the upper tier of the Carnegie Hill market despite the building's boutique 21-unit size.
Because the residences are deeded condominium units, ownership carries the flexibility the form implies: no cooperative board interview, purchaser financing through the buyer's own lender, and pied-à-terre use, investment ownership, and subletting permitted under the condominium bylaws. The building is pet-friendly, with a pet spa on site. As with any recently converted condominium, confirm the pet-policy specifics, any transfer or working-capital contribution, the current sublet terms, and the building's financial profile against the offering plan and current house rules at offer stage.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
The Wales is read on a per-square-foot basis, as all Manhattan condominiums are. Sponsor sales launched in 2023 with pricing that ran from roughly $3.6 million into eight figures, and recorded closings have spanned a wide band — from roughly $1,900 per square foot on lower-floor homes to well over $4,000 per square foot on the top-floor penthouse, which closed at approximately $18.5 million. As a boutique conversion — 21 residences — resale inventory will be thin, and early sponsor and resale closings carry outsized weight in the comparable set. Underwriting should be per-unit and floor-specific, weighing floor, exposure, and the historic-versus-new character of each line.
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 11, 2026 | NRU2 | 3,024 sf | $13,000,000 | $4,299/sf | off-mkt |
| Mar 7, 2025 | 3B | 2 BR · 2.5 BA · 1,772 sf | $3,601,394 | $2,032/sf | +5.2% |
| Nov 21, 2024 | 4C | 2 BR · 2.5 BA · 1,393 sf | $2,350,000 | $1,687/sf | -29.9% |
| Sep 9, 2024 | PH | 5 BR · 6 BA · 4,179 sf | $18,529,863 | $4,434/sf | -19.4% |
| Sep 9, 2024 | PH | 5 BR · 6 BA · 4,179 sf | $18,529,862 | $4,434/sf | -19.4% |
| Jun 10, 2024 | 6A | 4 BR · 4.5 BA · 2,936 sf | $7,762,000 | $2,644/sf | -2.9% |
| May 30, 2024 | 5C | 2 BR · 2.5 BA · 1,393 sf | $2,701,613 | $1,939/sf | -1.8% |
| Apr 15, 2024 | 5A | 3 BR · 3.5 BA · 2,184 sf | $4,850,000 | $2,221/sf | -2.9% |
Market read. Most recent trades (2026) cleared a median $4,299/sf across 1 sale. Median listing discount 2.9% 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 1-01504-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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 to know if you’re buying
Buying here is a condominium path: your own financing, no substantive board approval, and full use flexibility under the bylaws. The reasons to buy are specific — new, high-design interiors inside a landmarked Carnegie Hill building, large half- and full-floor layouts, a full-service amenity and staffing package, and one of the neighborhood's best corners. Because the building is a recent conversion and small, review the offering plan carefully, confirm the sponsor's remaining inventory and any incentives, and underwrite the specific residence by floor and exposure. Note that as a landmarked building, exterior alterations are LPC-regulated.
What to know if you’re selling
The story is a landmarked Carnegie Hill address with brand-new, designer-led interiors — historic permanence with new-construction finishes. Pricing should be apartment-specific: floor level, exposure, and the scale of the residence drive value, and the penthouse trades on a different plane entirely. Positioning should lead with the landmark façade, the PINTO-directed interiors, the full-service amenity package, and the Carnegie Hill corner location, framing the historic-plus-new combination as the building's core differentiator.
Comparable buildings
If you're considering 1295 Madison Avenue, also look at these Carnegie Hill / Upper East Side buildings:
- 1217 Madison Avenue — Madison Avenue Carnegie Hill building serving an overlapping buyer pool
- 1225 Madison Avenue — nearby Madison Avenue building, comparable neighborhood context
- 1254 Madison Avenue — Carnegie Hill Madison Avenue comparable
- 1261 Madison Avenue — nearby Madison Avenue building serving similar buyers
- 1327 Madison Avenue — Carnegie Hill Madison Avenue building for scale and price context
- 1361 Madison Avenue — nearby Madison Avenue comparable in Carnegie Hill
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
Considering a move at The Wales?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Wales 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.