148 Madison Street (Madison Tower)
148 Madison Street, New York, NY 10002
BBL 1002747502 · BIN 1084603
- Year built
- 2002
- Type
- Condominium
- Units
- 80
- Floors
- 11
Every recorded sale at this building, 2009–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $849
- Recorded sales
- 11
- On record
- 2009–2026
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A Private Pricing Opinion — what your apartment at Madison Tower 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.
148 Madison Street — Madison Tower — is a 2002 purpose-built condominium on Madison Street (not Madison Avenue), in the Two Bridges pocket of the Lower East Side. Designed by MG New York Architects, it was built from the ground up as condominiums, with private terraces and balconies on many lines and waterfront and bridge views from the upper floors.
The building is an accessible-price condominium in a rapidly changing corner of Lower Manhattan, near the East River waterfront and the Manhattan and Brooklyn Bridge approaches.
Architecture and building operations
The eleven-story contemporary brick-and-glass building carries a 24-hour doorman and an on-site parking garage, with a second-floor rooftop terrace offering waterfront and bridge views. Apartments include in-unit washer/dryers and, on many lines, private terraces.
Pricing sits at the accessible end of the Manhattan condominium market.
Policy framework
- Type: Condominium — no board approval; condo rules apply
- Pets: Permitted (pet-friendly)
- Subletting: Flexible (condo)
- Pied-à-terre: Permitted
- Financing: Standard condominium terms
- Foreign buyers: Permitted
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $24,983/yr
- Per unit / month range
- $0 – $26
- Modeled exposure split equally across 80 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →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 |
|---|---|---|---|---|---|
| Apr 23, 2026 | 4G | 2 BR · 1 BA · 610 sf | $508,000 | $833/sf | off-mkt |
| Mar 26, 2026 | 6H | 770 sf | $665,000 | $864/sf | off-mkt |
| May 24, 2023 | 2G | 610 sf | $650,000 | $1,066/sf | off-mkt |
| Apr 20, 2023 | 8H | 4 BR · 1.5 BA · 770 sf | $700,000 | $909/sf | -7.3% |
| Feb 1, 2021 | 6A | 2 BR | $560,000 | -5.9% | |
| Jun 26, 2017 | 5H | 770 sf | $593,000 | $770/sf | off-mkt |
| Feb 19, 2016 | 9G | 2 BR · 1 BA · 610 sf | $570,000 | $934/sf | off-mkt |
| Mar 30, 2015 | 6D | 925 sf | $560,038 | $605/sf | off-mkt |
Market read. Most recent trades (2026) cleared a median $849/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Jun 9, 2026 | 9B | $500,000 |
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 1-00274-7502). 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.
At the recent median sale of $508K (3 sales since 2024), a buyer putting 25% down would pay about $22,428 to close, or 4.4% of the price.
- Mansion tax: $0
- Mortgage recording tax: $6,858
- Title insurance: $2,286
- Attorneys, lender, building fees, reserves and filings: $13,284
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
This is genuine 2002 new construction. Built as condominiums, not converted — with private terraces on many lines.
Pricing is accessible. The relevant comparable is a similar line and floor in the building, adjusted for terrace, view, and condition, not a building-wide average.
The waterfront position is the draw. Bridge and river views from the upper floors and rooftop terrace, near the East River.
Confirm the exact unit and floor count at diligence. Public sources vary; treat recorded figures as authoritative.
Comparable buildings
- 158 Hester Street (Hester Gardens) — 2004 Lower East Side condominium
- 354 Broome Street (The Ice House) — 1925 loft conversion condominium in Nolita
- 28 Vestry Street (Vestry Place) — 1962 Tribeca loft condominium
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
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.
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