Cushman & Wakefield (“C&W”) has been retained as the exclusive representative to offer for sale a 100% fee simple interest in the commercial condominium at 188 Madison Avenue (the “Property”), an approximately 124,594 square foot condominium unit located within the historic B. Altman & Company Department Store building, designated by the New York City Landmarks Preservation Commission in 1985. The building was originally constructed in phases during 1905-1913. A significant renovation of the offered space occurred in 1993 with the completion of the Science, Industry and Business Library for the New York Public Library. The New
York Public Library vacated the space in April 2020.
Situated in the NoMad District just one block east of the Empire State Building, 188 Madison Avenue resides in one of the most vibrant and sought-after commercial, hospitality, retail and residential neighborhoods in New York City. Because of the mixed-use nature of the NoMad District, it offers 24/7 traffic. The asset is close to multiple subway lines, all within a two-block radius, as well as major transportation hubs including Grand Central Terminal, Herald Square (with access to the PATH) and Penn Station/Moynihan Train Hall.
INVESTMENT HIGHLIGHTS
• Unique redevelopment opportunity: The property is currently available for new ownership to redevelop for a multitude of uses.
• This 124,594 SF commercial condominium is located within one of the most iconic, full b
