218 Madison Avenue
218 Madison Avenue, New York, NY 10016
BBL 1008660016 · BIN 1091884
- Type
- Condominium
- Landmark
- No
- Amenities
- Fitness center, spa with steam room, sauna and cold-plunge pool (per published trade reporting; not yet confirmed in an accepted plan)
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 218 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.
218 Madison Avenue is a new condominium on Madison Avenue at East 36th Street, built by Rybak Development on a retail site it bought from the Sapir Organization for $12 million in December 2023, per trade reporting. Sapir had bought the site in 2015 with plans for a 10-story residential development that did not proceed.
Rybak's building rises 10 to 11 stories, about 137 feet, with 25 residences in the plan. The plan's $68.7 million total gives an average of about $2.7 million per home, a figure that covers every unit type in the plan.
The building is a 25-home condominium with a reported fitness and spa program, within walking distance of Grand Central. It suits buyers who want recent-construction condominium ownership (financing latitude, flexible use and no board interview) in Murray Hill.
Architecture and residences
Department of Buildings filings show a 10-story new building under the address 23 East 36th Street, filed by IMC Architecture for Rybak Development. Published coverage lists IMC Architecture as project architect and S20M as design architect, and an average scope of about 1,336 square feet per home on permit area. Sources differ on area: one reports 34,734 square feet of residential space and another 41,000 square feet in total.
Unit mix, finishes and outdoor space have not been published. Schedule A of the plan lists every home once the plan is accepted. The plan counts 25 residential units, and Department of Buildings filings count 26, a difference the accepted plan should resolve.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (plan CD250285), the plan was submitted August 29, 2025 at a total offering price of $68,735,000 for 25 residential units. The record shows no acceptance date, no amendments, no effective date and no units-sold figure.
At $68,735,000 across 25 residences, the plan implies an average of about $2.7 million per home. That figure is arithmetic on the plan total.
Sales had not been announced as of October 2026, and no asking prices have been published. Construction financing of $28.1 million was reported in September 2025.
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
What to know if you’re buying
Before the plan is accepted. The Attorney General must accept an offering plan before a sponsor can sign purchase contracts and take deposits. Any early reservation is typically non-binding. Prices and unit counts in the filed plan can move through amendments.
Deposit and contract. New-development contracts typically require a deposit of 10% at signing, held in escrow, with some sponsors asking for 20%. The plan and contract package state this building's terms.
Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%) and the New York City real property transfer tax (1.425% up to $500,000, 2.625% above), plus the state "mansion tax" of 1% at $1 million, rising in tiers to 3.9% at $25 million in New York City. On a $2.7 million home that comes to about $81,700 in transfer taxes and $33,750 in mansion tax at the 1.25% tier. Use the calculators below to run your price.
Closing on a temporary certificate of occupancy. A sponsor can close on units while the building holds a temporary certificate of occupancy, renewed periodically until a final one issues. Ask what the sponsor holds back until then.
Carrying costs and abatement. The plan's budget will project first-year common charges and real estate taxes. No tax abatement has been disclosed. Confirm it in the plan.
Sponsor board control. The sponsor controls the board until enough units are sold to turn control over to owners. The declaration and by-laws set the threshold.
Comparable buildings
If you're considering 218 Madison Avenue, also look at these nearby condominiums:
- 172 Madison Avenue — new-construction condominium at East 33rd Street, three blocks south
- 165 Lexington Avenue — condominium built new and completed in 2021
- 128 East 28th Street — ground-up condominium completed in 2021
- 30 East 31st Street — condominium completed in 2019 between Madison and Park Avenues
- 127 East 30th Street — condominium on East 30th Street, built 1988
More Midtown East buildings
- 212 East 57th Street — 2004 condominium
- 216 East 52nd Street — 1900 condominium
- The Octavia, 216 East 47th Street — 1985 condominium
- 219 East 44th Street — 2020 condominium
- The Leslie House (220 East 54th Street) — 1960 co-op
- 221 East 50th Street — 1957 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
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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