- Year built
- 1907
- Type
- Condominium
- Landmark status
- Not an individual landmark; in the Madison Square North Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Doorman
- Full-time doorman
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,967
- floor-adjusted, 3 sales
- Listing discount
- 3.1%
- Recorded sales
- 414
- On record
- 2004–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Grand Madison 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.
The Grand Madison is one of the great park-facing conversions of the early 2000s. Built in 1907 as the Brunswick Building and occupying an entire Fifth Avenue blockfront between 26th and 27th Streets, the red-brick Renaissance Revival structure spent much of the twentieth century as showroom space for the gift and toy industries before being acquired and converted into 190 condominium residences. The result is a rarity: a full-blockfront pre-war building, directly on Madison Square Park, reborn as condominium-owned homes.
The appeal combines history, address, and structure. Buyers get the architectural substance and ceiling heights of a 1907 commercial building — proportions that residential construction of any era struggles to match — paired with the financing flexibility, ownership latitude, and resale liquidity of condominium ownership, on one of the most coveted park frontages in Manhattan. Madison Square Park, with the Flatiron Building to the south and the energy of NoMad all around, is the building's front yard.
Building operations
The Grand Madison operates as a full-service condominium. Staffing includes a doorman and concierge, and the amenity program — a fitness center / health club, residents' lounge, and a roof deck looking onto Madison Square Park — is scaled to the building's 190 homes. Common charges fund the staffing, amenities, and the systems of a converted pre-war building.
As a condominium, purchases clear through a right-of-first-refusal rather than a co-op board interview; confirm financing, sublet, and entity- and trust-purchase rules in the current declaration and bylaws. For a park-facing address of this caliber, the combination of pre-war substance and condominium ownership is the building's defining advantage.
Architecture and residences
The architecture is the foundation of the building's identity: a Renaissance Revival blockfront in red brick over a limestone base, designed for the scale and grandeur of early-twentieth-century commercial Fifth Avenue. The conversion preserved that envelope while reconfiguring the interiors into 190 residences that retain the building's most prized commercial-era feature — generous ceiling heights, with many homes at roughly ten feet.
The residences run from one-bedrooms through larger layouts and duplex penthouses, the latter with private terraces and views toward the Empire State and Flatiron Buildings. Finishes from the conversion brought the building's interiors fully up to contemporary luxury standard — wide-plank oak floors, marble baths, and high-specification kitchens — while the windows and proportions keep the loft-like character of the original structure.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $783 per room a monthMedian of 25 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.35 per square foot a monthMedian of 27 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.21 per square foot a monthMedian of 36 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.18 per square foot a monthMedian of 36 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, residents' lounge, roof deckSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $107,797/yr
- Per unit / month range
- $0 – $48
- Modeled exposure split equally across 187 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
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 |
|---|---|---|---|---|---|
| Jul 29, 2026 | 2T | 1 BR · 1 BA · 708 sf | $1,537,500 | $2,172/sf | -3.9% |
| Jun 12, 2026 | 2D | 1 BR · 1,136 sf | $2,134,880 | $1,879/sf | — |
| May 28, 2026 | 6R | 1 BR · 1.5 BA · 1,049 sf | $1,805,000 | $1,721/sf | -2.4% |
| Dec 31, 2025 | PHS | 4 BR · 3.5 BA · 2,900 sf | $9,065,000 | $3,126/sf | -7.0% |
| Nov 19, 2025 | 7K | 2 BR · 2 BA · 1,706 sf | $3,800,000 | $2,227/sf | -4.9% |
| Apr 22, 2025 | 11H | 789 sf | $1,500,000 | $1,901/sf | — |
| Mar 21, 2025 | 6A | 2 BR · 2 BA · 1,613 sf | $2,562,500 | $1,589/sf | -6.8% |
| Feb 14, 2025 | 5D | 1 BR · 2 BA · 1,211 sf | $2,100,000 | $1,734/sf | -9.7% |
Market read. Most recent trades (2026 to date) cleared a median $1,967/sf (floor-adjusted) across 3 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. Median listing discount 3.1% 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 1-00856-7502; each condominium apartment is its own tax lot). 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.
Closed rents at The Grand Madison, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 18 | $8,100 |
| 2 bedroom | 6 | $13,375 |
| 3 bedroom | 2 | $18,250 |
26 closed leases, October 2023 to September 2026. Most recent lease June 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Grand Madison and nearby.
At the recent median sale of $1.95M (10 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $79,079 to close, or 4.1% of the price.
- Mansion tax: $19,525
- Mortgage recording tax: $28,189
- Title insurance: $8,786
- Attorneys, lender, building fees, reserves and filings: $22,579
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
The park frontage is the asset. Homes facing Madison Square Park carry the building's value; interior and rear-facing units are the entry points. If the park view matters to you — and at this address it is the whole point — prioritize exposure and floor over raw square footage.
Ceiling height and renovation level separate the homes. The building's roughly ten-foot ceilings are a genuine differentiator; renovated residences command a premium, while homes in earlier-conversion condition are value plays for buyers willing to update.
The condominium structure means no co-op board admission; confirm financing, sublet, and entity-purchase rules in the current declaration and bylaws. And the location is among Manhattan's most walkable — Madison Square Park at the door, the Flatiron District and NoMad's restaurants and retail all around, and the N, R, W, F, M, and 6 trains within a few blocks.
What to know if you’re selling
Lead with the park and the architecture. A full-blockfront 1907 Renaissance Revival building on Madison Square Park, converted to condominium homes with ten-foot ceilings, is a singular product — market it on history, light, and frontage, not as a generic Flatiron condo.
Price to the building's tiers. Park-facing and high-floor homes support the strongest pricing; penthouses sit above; interior homes are positioned as accessible entry points. Buyers cross-shop the Grand Madison against the best converted and new condominiums in NoMad and Flatiron, so the pitch is pre-war substance plus condominium flexibility on an irreplaceable park frontage.
Condominium resales clear through a right-of-first-refusal rather than co-op board admission. With durable demand for park-facing homes, well-presented residences find their market.
Comparable buildings
If you're considering the Grand Madison, also evaluate nearby Flatiron and Fifth Avenue ownership options:
- 141 Fifth Avenue — landmark Flatiron condominium
- 175 Fifth Avenue — the Flatiron Building, on Madison Square
- 284 Fifth Avenue — Fifth Avenue residence to the north
- 321 Fifth Avenue — Fifth Avenue building near Madison Square
- 1107 Broadway — landmark condominium conversion on Madison Square Park
- 11 Fifth Avenue (The Brevoort) — Fifth Avenue full-service building
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 The Grand Madison?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com