172 Madison Avenue
172 Madison Avenue, New York, NY 10016
Midtown South
BBL 1008637502 · BIN 1089701
- 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
- $1,263
- Listing discount
- 8.0%
- Recorded sales
- 116
- On record
- 2017–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 172 Madison Avenue 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.
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.
Architecture and residences
Karl Fischer's design is a study in restraint and proportion — a mostly glass tower disciplined by heavy black-steel framing and a series of vertical setbacks that step the building back as it rises. The effect is a tower that reads as crisp and modern without dissolving into anonymous curtain wall, anchored by a low masonry base that meets the street.
Inside, Shamir Shah Design's interiors carry a quiet, high-specification finish program across residences that range from gracious one-bedrooms to full-floor and duplex tower homes. Ceiling heights are generous, and the low unit-per-floor count means most homes enjoy multiple exposures and direct-key or near-private elevator arrival on the upper levels. The building's most extraordinary residences include a lower-level home built around a private indoor pool and double-height ceilings, and tower penthouses that capture open views in several directions. New construction here means contemporary mechanical systems, central air, and the layout flexibility that a clean-sheet tower delivers.
Amenities and lifestyle
The amenity package is scaled well beyond the building's 72-home footprint: a 24-hour doorman and attended lobby, an indoor swimming pool, a spa, a fitness center, a residents' lounge with a billiards table, and a pet spa — a wellness-forward program more typical of a far larger building.
The location does the rest. The tower sits at the seam of NoMad and Murray Hill, a few blocks from Madison Square Park and the Flatiron, surrounded by the neighborhood's celebrated restaurant, hotel, and retail corridor. Grand Central, Penn Station, and multiple subway lines are within a short walk, and the address puts midtown's offices and downtown's culture equally within reach. It is among the more central luxury settings in Manhattan.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $79,494/yr
- Per unit / month range
- $0 – $92
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 →Facade safety — Local Law 11
The latest available filing classified the facade as Unsafe — conditions requiring corrective action, which under FISP means a protective sidewalk shed and repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign 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 record last verified September 2026.
Management & transfer contacts
- Notable fees
- Working capital contribution 3 months' common charges (condo sale); Waiver of Right of First Refusal $350
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Aug 4, 2026 | 8B | 2 BR · 2.5 BA · 1,488 sf | $1,750,000 | $1,176/sf | -18.6% |
| Jul 31, 2026 | 17B | 2 BR · 2.5 BA · 1,488 sf | $1,995,000 | $1,341/sf | +0.0% |
| Jul 30, 2026 | 11B | 2 BR · 2.5 BA · 1,488 sf | $1,810,000 | $1,216/sf | +0.0% |
| Jun 30, 2026 | 15B | 2 BR · 2.5 BA · 1,488 sf | $1,950,000 | $1,310/sf | +0.0% |
| Jun 16, 2026 | 18B | 2 BR · 2.5 BA · 1,488 sf | $2,100,000 | $1,411/sf | +0.0% |
| 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% |
Market read. Most recent trades (2026) cleared a median $1,263/sf across 6 sales. 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
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 172 Madison Avenue?
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