Madison Green (5 East 22nd Street)

Madison Green is a stepped red-brick condominium tower of roughly 29 to 31 stories occupying the Broadway blockfront across from Madison Square Park. The massing terraces back as it rises, producing setback terraces on a number of lines and giving upper-floor residences open exposures over the park and the Flatiron district. With well over 400 residences, the building offers a deep range of layouts — from studios and one-bedrooms through larger two- and three-bedroom configurations and stepped-back penthouse units at the top of the tower. North- and east-facing lines on the higher floors capture the direct Madison Square Park outlook that is the building's signature; south and west lines trade the park view for light and city exposures.

The apartment product is efficient postwar-condominium planning rather than loft volume — practical room counts, functional kitchens and baths, and the broad mix that gives the building its liquidity. Renovation condition varies widely across a building of this size and age, and is a primary driver of price within any given line.

Madison Green operates as a full-service condominium: a 24-hour doorman and concierge, attended lobby, on-site parking garage, a fitness room with sauna, a residents' lounge and private club room with a fireplace and catering kitchen, a top-floor sky lounge with a library, the landscaped ground-level garden, a bicycle room, and common storage, with laundry facilities on every floor. The amenity breadth is unusually deep for a building at its price tier and is one of its core selling points. Common charges and real estate taxes fund that program; carrying costs should be modeled at the line and unit level. The condominium's offering plan, by-laws, and recent financial statements on file in The Roebling Research Library are available to clients during diligence, and current reserves and any planned capital work should be confirmed against those documents and with the managing agent at offer stage.

Recent sales

Recent closings 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.

Market read. Most recent trades (2025) cleared a median $1,933/sf across 11 sales. Median listing discount 3.3% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00851-7501) 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.

Park-facing exposure is the value driver — buy the right line. The building's signature is the direct Madison Square Park outlook from the north and east lines on the upper floors. That exposure commands a real premium and is what distinguishes a trophy unit here from a merely functional one. Confirm the specific exposure, floor level, and any setback terrace before pricing.

This is a full-amenity building at an accessible price. Madison Green offers a deep amenity program — doorman, garage, fitness, lounges, sky lounge, garden — at a price tier well below the new towers on the block. Buyers cross-shopping 45 East 22nd Street or 23 East 22nd Street should weigh the value of comparable services and park proximity at a fraction of the carrying cost.

Condition varies widely. In a building of more than 400 residences built in 1985, renovation state ranges from original to fully gut-renovated and is a primary price determinant. Budget renovation cost realistically against the unit's condition; run figures through the Renovation Cost Calculator.

Verify the in-unit laundry. The building provides laundry on every floor; in-unit washer/dryers are not original to most lines and where present reflect prior renovation. Pets are permitted, and any transfer fee should be confirmed against the by-laws.

Condo flexibility applies. As a condominium, Madison Green permits pied-à-terre use, subletting, and entity or trust purchase under the condominium framework, without a co-op board approval process.

Lead with park proximity and the amenity program. The marketing story is a park-facing, full-service condominium directly across from Madison Square Park — a combination the newer towers offer only at multiples of the price. Name the exposure, the floor, any terrace, and the depth of the amenity suite.

Price to the line, not the building. With hundreds of units across a wide condition and exposure range, building-average figures mislead. Anchor pricing to same-line, same-exposure, recent closings and to comparable condition.

Renovated, park-view inventory carries the premium — stage and present accordingly. In a large building, presentation and condition separate a fast sale at the top of the line from an extended marketing period. Where a unit is renovated and park-facing, the marketing should make that explicit.

If you're considering Madison Green, also evaluate:

• 45 East 22nd Street (Madison Square Park Tower) — Kohn Pedersen Fox's new-construction luxury tower across the street; the trophy benchmark on the block
• 23 East 22nd Street (One Madison) — CetraRuddy's slender condominium tower next door; full-service high-altitude alternative
• 225 Fifth Avenue (The Grand Madison) — large full-service Madison Square Park condominium conversion; the most direct scale-and-service peer
• 212 Fifth Avenue — pre-war Madison Square Park conversion condominium with a full service program
• 241 Fifth Avenue — NoMad new-construction condominium near Madison Square Park
• 121 East 22nd Street — OMA-designed Flatiron/Gramercy-edge condominium with full amenities
• 27 East 22nd Street (L'Elysee) — boutique full-floor loft condominium on the same block; the low-density contrast to Madison Green's scale

The Roebling Team at Compass works the Flatiron and Madison Square Park corridor as part of our broader Manhattan practice. We publish this building profile because Madison Green buyers and sellers deserve building-specific intelligence — exposure and line analysis, amenity and carrying-cost context, policy framework, and apartment-level comparables — not generic neighborhood commentary.

If you're considering a transaction at Madison Green, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — line-level comparable analysis, renovation budgeting, due-diligence priorities, and the pacing strategy that fits your timeline.