- Year built
- 1918
- Type
- Cooperative
- Units
- 134
- Floors
- 12
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted
- Pied-à-terre
- Permitted
- Dogs and cats
- Permitted
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median, 2023–2026
- $660K
- 9 qualifying sales
- Recent range
- $345K – $1.8M
- Listing discount
- 1.5%
- Recorded transfers
- 200
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.
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 — with actual maintenance and prices to compare against dated matched new-development condominium sales and charges. 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 pied-à-terre purchases are permitted; confirm current purchase requirements in the board's application instructions.
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.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- PermittedSource: The Roebling Team's building profile
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Pets and in-unit washer/dryer
- Dogs and cats
- PermittedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $598 per room a monthMedian of 10 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.48 per square foot a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, 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
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Bike storageSource: 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
- $90,902/yr
- Per unit / month range
- $0 – $57
- Modeled exposure split equally across 134 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
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).
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 data last refreshed October 2026.
Recent sales
We use price-per-room comparisons where consistent room counts are available, alongside total prices, reliable interior areas and monthly maintenance; tenure does not prescribe a single valuation metric. 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, 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 |
|---|---|---|---|---|---|
| Sep 3, 2026 | 9B | 1 BR · 1 BA · 550 sf | $640,000 | $1,164/sf | -1.5% |
| 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% |
Market read. Most recent trades (2026 to date) cleared a median $913/sf (floor-adjusted) across 2 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 2.0% 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 1-00857-0018). 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 on co-ops is not officially recorded, figures shown are approximate.
Closed rents at The Madison Parq, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 8 | $3,500 |
| 1 bedroom | 20 | $4,650 |
Also $84 per sq ft per year (24 leases that report square footage). 29 closed sublet leases, October 2023 to September 2026. Most recent lease July 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 Madison Parq and nearby.
At the recent median sale of $931K (8 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $12,042 to close, or 1.3% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $12,042
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
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 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.
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 Madison Parq?
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