- Type
- Condominium
- Landmark
- No
Every recorded sale at this building, 2017–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,431
- Listing discount
- 8.0%
- Recorded sales
- 76
- On record
- 2017–2026
172 Madison Avenue is a ground-up luxury condominium that helped define NoMad's emergence as a high-rise residential address. Rising 33 stories at the corner of Madison Avenue and East 33rd Street, the Tessler Developments tower — designed by Karl Fischer with interiors by Shamir Shah Design — is one of the neighborhood's signature contemporary towers: a slim shaft of glass framed in oversized black-steel mullions that give it a graphic, instantly recognizable profile against the older masonry of Madison Square North.
The building's argument is scarcity of space. With 72 residences across 33 stories — and as few as three homes per floor on the tower levels — the layouts run large, with high ceilings, sweeping window walls, and the long city-and-park sightlines that come with height in a low-rise district. Madison Square Park sits a few blocks south, with the Flatiron District, Gramercy, and NoMad's restaurant-and-hotel corridor all within an easy walk.
For buyers, 172 Madison offers what new construction does and the surrounding pre-war co-ops cannot: condominium flexibility, a full wellness-and-amenity suite, and contemporary scale and systems — at the heart of one of Manhattan's most dynamic neighborhoods.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $79,494/yr
- Per unit / month range
- $0 – $92
Facade safety — Local Law 11
An active hazard: the building must keep a sidewalk shed up and make repairs now — expect construction, disruption, and a likely special assessment. We’d get you the repair scope and the building’s funding plan up front, so you go in knowing exactly what’s underway and what it’s likely to cost.
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
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 |
|---|---|---|---|---|---|
| May 29, 2026 | 24B | 2 BR · 2.5 BA · 1,476 sf | $2,400,000 | $1,626/sf | -3.8% |
| Jul 11, 2025 | 4B | 2 BR · 2.5 BA · 1,488 sf | $1,600,000 | $1,075/sf | -19.8% |
| Nov 18, 2024 | 4A | 2 BR · 2.5 BA · 1,479 sf | $2,075,000 | $1,403/sf | -7.6% |
| Oct 2, 2024 | 7B | 2 BR · 2.5 BA · 1,488 sf | $1,875,000 | $1,260/sf | -12.8% |
| Mar 6, 2024 | 10C | 1 BR · 1.5 BA · 891 sf | $1,500,000 | $1,684/sf | -3.2% |
| Aug 23, 2023 | 17C | 1 BR · 1.5 BA · 938 sf | $1,560,000 | $1,663/sf | -0.6% |
| Jul 28, 2023 | 8A | 2 BR · 2.5 BA · 1,479 sf | $2,250,000 | $1,521/sf | -9.1% |
| Jun 8, 2023 | 21C | 1 BR · 1.5 BA · 891 sf | $1,550,000 | $1,740/sf | -8.6% |
Market read. Most recent trades (2026) cleared a median $1,431/sf across 1 sale. Median listing discount 8.0% 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 1-00863-7502) 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
This is condominium ownership in a co-op-heavy district. Flexible financing, a right-of-first-refusal rather than a board interview, and customary acceptance of pied-à-terre, trust, LLC, and investment purchases are the structural advantages over the pre-war cooperatives nearby.
Floor and exposure drive value here. With so few homes per floor, the difference between a mid-rise and a tower residence — in light, view, and price — is significant. Identify the exposures and ceiling heights of the specific home before anchoring on a building-wide number.
The amenity suite is a real part of the value. An indoor pool, spa, and fitness center are scarce at this size; they support both lifestyle and resale. Review the condominium's common charges, tax projections, and reserve posture as part of standard diligence.
What to know if you’re selling
Lead with the tower advantages — height, light, and three-per-floor privacy. These are the building's durable differentiators against both new and pre-war competition in NoMad.
Benchmark to new-construction condominiums, not pre-war co-ops. The right comparison set is the neighborhood's contemporary towers and conversions, where buyers pay for amenities, systems, and view.
Closing mechanics are condominium-standard. A resale clears through a right-of-first-refusal rather than a board process — a faster, more predictable path that itself appeals to the flexibility-minded buyer this building attracts. The pool, spa, and full amenity program are closing arguments; feature them.
Comparable buildings
If you're considering 172 Madison Avenue, also evaluate NoMad, Murray Hill, and Flatiron's contemporary condominium inventory:
- 15 East 30th Street — NoMad condominium tower nearby
- 11 East 29th Street — NoMad high-rise condominium
- 30 East 29th Street — new-construction NoMad tower
- 225 Fifth Avenue — Madison Square Park condominium
- 212 Fifth Avenue — landmark conversion overlooking the park
- 277 Fifth Avenue — NoMad luxury condominium tower
The Roebling Team at 172 Madison Avenue
The Roebling Team at Compass specializes in NoMad, Madison Square, and the broader Midtown East condominium market — new-construction towers, the value of floor and exposure, and where pricing sits against both contemporary and pre-war inventory. We publish this profile because buyers and sellers evaluating a high-rise NoMad condominium deserve building-specific intelligence: the architecture, the amenity program, the ownership structure, and the comparison set.
If you're weighing a purchase or sale at 172 Madison, a 30-minute consultation is the right starting point.
Get the full picture on this building.
Current availability including off-market, the full comp set, and the board & financials read most listings don't show.