1045 Madison Condominium
1039-1045 Madison Avenue, Manhattan, NY 10075
Overview
- Units
- 17 residential · 3 commercial
- Subway
- 6 min walk to 77 St 686 St 4 5 6, 10 min
- Developer
- The Naftali Group
- Principals
- Miki Naftali
- Average $/sf
- $3,652Homes in Schedule A, as first offered
- Common charges
- $3,103–$11,958 a monthSponsor's first-year estimate in Schedule A, Twelve Month Period Commencing January 1, 2022 and Ending December 31, 2022 ("First Year")
- Offering price
- $238 million total
- Floor plans
- Pages 366–367 of the plan
The sponsor of record is 1039-1045 Madison Ave Owner LLC, represented by Kramer Levin Naftalis & Frankel, LLP. The offering plan runs 506 pages. The sponsor has filed 7 amendments, the latest in February 2023. The nearest other condo plan on file is 27e79 Condominium, next door.
Plan CD180471 · New · accepted Mar 13, 2020 · AG record ↗
Compare
| Figure | This building1 | 150 East 78th225 units · 0.2 miaccepted 2020 | The Bellemont312 units · 0.3 miaccepted 2021 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.78Above peers | $1.64 | $1.49 |
| Average Offering PricePer Apartment | $14.67MIn line | $8.31M | $18.38M |
| Average PricePer Square Foot | $3,652In line | $3,234 | $3,809 |
| Property TaxesPer Square Foot / Month | $1.40Highest | $1.03 | $0.77 |
| Average Unit SizeSquare Feet | 4,016 SFIn line | 2,570 SF | 4,825 SF |
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Unit mix, closings, budgets, finishes and the team, against 150 East 78th and The Bellemont, cited to the offering plans. No credit card required.
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- Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 15 of 15 |
| Closing prices vs. Schedule A4 homes: $78,850,174 at closing against $75,900,000 in Schedule A (p. 81) | +3.9% |
| Average closing price4 homes, on their Schedule A square feet | $4,887 / SF |
| Closingsfirst and latest recorded | Jan 19, 2022 – Jan 29, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Feb 28, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 20 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 7 | Jan 19, 2022 | $12,950,000 | — | — |
| 5 | Jan 26, 2022 | $12,750,000 | — | — |
| 6 | Jan 26, 2022 | $12,800,000 | — | — |
| 8 | Feb 14, 2022 | $12,995,000 | — | — |
| 10-11 | Mar 2, 2022 | $27,950,000 | — | — |
| 9 | Mar 3, 2022 | $13,650,000 | — | — |
| 14 | Mar 24, 2022 | $14,450,000 | — | — |
| 15 | Mar 24, 2022 | $14,545,688 | — | — |
| 16 | Mar 30, 2022 | $14,994,000 | — | — |
| TH | Apr 8, 2022 | $13,250,000 | — | — |
| Penthouse B | May 27, 2022 | $35,726,250 | $35,000,000 p. 81 | +2.1% |
| Penthouse C | Jun 2, 2022 | $22,000,000 | $22,000,000 p. 81 | 0% |
| 4B | Apr 20, 2023 | $6,355,563 | — | — |
| 4C | Apr 20, 2023 | $1,121,825 | — | — |
| Penthouse A | May 25, 2023 | $14,795,274 | $12,950,000 p. 81 | +14.2% |
| 3B | Aug 17, 2023 | $6,328,650 | $5,950,000 p. 81 | +6.4% |
| 10 | Apr 5, 2024 | $14,400,000 | — | — |
| 11 | Apr 5, 2024 | $14,999,500 | — | — |
| CUB | Jan 26, 2026 | $6,356,286 | — | — |
| CUC | Jan 29, 2026 | $1,643,741 | — | — |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- 1039-1045 Madison Ave Owner LLC
- Developer
- The Naftali Group
- Principals
- Miki Naftali
- Tax estimate
- Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection
- Construction lender
- Bank Hapoalim$120.5 million loan stated in the plan
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 27e79 Condominiumnext door · 8 units · 2017
- 3 East 80th Street Condominiumnext door · 3 units · 2001
- 109 East 790.1 mi · 33 units · 2020
- 949 Park Avenue Condominium0.1 mi · 6 units · 2010
- 155 East 79th Street Condominium0.2 mi · 7 units · 2014
- Surrey Condominium0.2 mi · 14 units · 2024