- Year built
- 1918
- Type
- Cooperative
- Units
- 134
- Floors
- 12
- Landmark
- No
- Pets
- Cats and dogs permitted for shareholders
- Subletting
- Permitted after a two-year holding period
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $675K
- Recent range
- $345K – $1.8M
- Listing discount
- 1.8%
- Recorded transfers
- 201
The Madison Parq at 66 Madison Avenue is one of NoMad's established prewar cooperatives — a 1918 Beaux-Arts building, originally constructed as a hotel, that today houses a substantial shareholder community one block north of Madison Square Park. For buyers who want a full-service prewar co-op at an accessible price point in one of Manhattan's most central neighborhoods, the building is a recurring point of comparison.
The location is the building's defining asset. Madison Square Park, the Flatiron District, Eataly, and the NoMad hotel-and-restaurant corridor are all within a short walk, and the 28th Street and 23rd Street subway stations sit nearby — putting the 6, N, R, W, and F lines within easy reach. The building's hotel origins give it a corner presence and a Beaux-Arts façade that read older and more substantial than much of the surrounding inventory.
Because it is a sizable co-op with full-service staffing, The Madison Parq offers the things buyers value in a prewar building — a 24-hour doorman, a live-in super, per-floor laundry — at maintenance levels and price points that remain reachable relative to new-development condominiums in the same corridor. The relatively flexible posture on subletting (permitted after a two-year holding period) and on pets broadens the building's appeal to a wider buyer pool than many prewar co-ops allow.
Architecture and unit composition
Designed by Robert E. Moss and completed in 1918, the building rises approximately 170 feet across 12 stories in the Beaux-Arts idiom — a masonry façade with classical detailing appropriate to its origins as an early-twentieth-century hotel. The lobby retains a marble character consistent with the building's prewar pedigree.
As a former hotel, the residential floor plates and unit lines reflect the building's conversion history; the 134 cooperative residences range across studio, one-bedroom, and larger configurations. Layouts and room counts vary by line, and buyers should evaluate each unit on its own light, exposure, and renovation condition. Per-floor laundry — uncommon in prewar buildings — is a practical convenience that distinguishes the building from many of its peers.
Building operations
The Madison Parq operates as a full-service prewar cooperative with a 24-hour doorman, a live-in superintendent, laundry on every floor, and a bicycle room; storage is available for an additional fee. Cats and dogs are permitted for shareholders. Subletting is permitted after a two-year holding period, and the building's purchase policies have historically been on the more flexible end of the prewar co-op spectrum.
As with any cooperative, the board sets and can revise the rules. Prospective buyers should obtain and review the building's most recent financial statements, the offering plan and amendments, current house rules, and recent board meeting minutes during due diligence. In a building of this size, the reserve fund, any underlying mortgage, and the recent capital-project history (façade/Local Law 11, elevators, roof, mechanicals) are the most important indicators of financial health. Confirm the current sublet terms, pied-à-terre policy, pet rules, and financing limits in writing before going to contract.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $61,048/yr
- Per unit / month range
- $0 – $38
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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
As a co-op, units at The Madison Parq are best evaluated on a price-per-room basis (and against monthly maintenance), rather than the price-per-square-foot metric used for condominiums. Pricing here is driven by floor, light and exposure, renovation condition, and the building's maintenance level — and, given the flexible sublet posture, by a unit's appeal to both end-users and longer-horizon owners.
With a sizable unit count, the building generates a meaningful flow of comparable sales, which makes in-building pricing analysis more reliable than at a small co-op. Buyers and sellers should anchor to recent in-building closings — read against room count and maintenance — and triangulate against the broader NoMad/Flatiron co-op set.
Recent transfers 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 |
|---|---|---|---|---|---|
| Feb 11, 2026 | 9C | 1 BR · 1 BA | $620,000 | +0.0% | |
| Jan 27, 2026 | 2D | 3 BR · 2 BA · 1,500 sf | $1,105,000 | $737/sf | -5.2% |
| Dec 16, 2025 | 3BC | 2 BR · 2 BA | $1,155,000 | -7.6% | |
| Sep 30, 2025 | 7IH | 3 BR · 3 BA · 2,000 sf | $1,787,500 | $894/sf | -5.7% |
| Aug 19, 2025 | 1A | 2 BR · 2 BA · 1,350 sf | $1,395,000 | $1,033/sf | -11.4% |
| Jan 28, 2025 | 6A | 1 BR · 1 BA | $757,500 | -3.5% | |
| Jan 23, 2025 | 3J | 1 BA · 450 sf | $345,000 | $767/sf | -18.8% |
| Sep 27, 2024 | 4K | 1 BR · 1 BA | $680,000 | +0.0% |
Market read. Most recent trades (2026) cleared a median $753/sf across 1 sale. Median listing discount 2.1% 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 1-00857-0018) 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 on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
This is a true co-op purchase. Expect a board package, financial disclosure, and a board interview. Confirm the board's debt-to-income and post-closing-liquidity expectations before you make an offer.
The flexible sublet posture is a real feature — confirm the current terms. Subletting after a holding period broadens both resale appeal and ownership flexibility, but the exact terms are board-set and can change. Get them in writing.
Read the building financials. The reserve fund, any underlying mortgage, and the capital-project history drive your long-term carry more than any single cosmetic feature. Request the last two years of statements and recent minutes.
Evaluate each unit individually. As a former hotel, lines and layouts vary; light, ceiling height, and condition differ meaningfully unit to unit.
What to know if you’re selling
In-building comps are your strongest evidence. With regular turnover, recent closings in the building — adjusted for floor, light, and condition — are the best pricing guide.
Lead with the operational strengths. Per-floor laundry, full-service staffing, flexible subletting, and pet-friendliness are genuine differentiators in the prewar co-op set; make them central to the marketing.
A clean financial and policy narrative widens the buyer pool. Clarity on maintenance, reserves, and sublet/pied-à-terre policy removes the discount that uncertainty creates.
Comparable buildings
If you're considering The Madison Parq, also evaluate:
- 175 Fifth Avenue — the Flatiron Building's landmark condominium conversion nearby
- 45 East 22nd Street — a Flatiron condominium tower with full amenities
- 21 East 26th Street — a Madison Square-facing condominium
- 23 East 22nd Street — a Madison Square Park condominium
- 15 Union Square West — a landmark cast-iron condominium conversion at Union Square
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at The Madison Parq?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Madison Parq 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.