Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $7,900,000

· Closed March 11, 2015

225 5th Avenue #PHS
Closed For Sale Condo

$7,900,000

$2,724 per sq ft

225 5th Avenue #PHS

Flatiron, Manhattan

THE GRAND MADISON

MLS® #RLS10066213

RLS at REBNY

Listing by The Corcoran Group

4

Bedrooms

3

Baths

2,900

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms 4
Bathrooms 3
Living Area 2,900 sq ft
Year Built 1900
Ownership Condo
HOA/Common Charges $3,976/mo
Property Taxes $57,120/yr
Neighborhood Flatiron
Floor 12 of 13

Property Highlights

  • Views: City
  • Exposure: North,South facing
  • Outdoor Space: Patio, Terrace, Rooftop

Property Details

Type Condo
Ownership Condominium
Total Rooms 8
Baths 3 Full
Floor 12 of 13
View City
Exposure North,South
Cooling Central Air
Pets Yes
Cross Street East 26th Street & East 27th Street
Year Built 1900
Living Area 2,900 sq ft
Architectural Style Prewar

Listing History

Event Date Price Change
Listed Apr 22, 2014 $7,995,000 -
Currently Jun 10, 2026 $7,900,000 -1.2%

Description

HUGE 4 bed, 3.5 bath PENTHOUSE gracious layout & 2 private outdoor decks. Features include: Great room with open Italian kitchen and 51 ft of Iconic Flatiron views! Open city & lush green Madison Square Park views from the main floor, and peeks of Chrysler and Empire State buildings from above. Hotel-like service and top location make city living a breeze at The Grand Madison, totally renovated pre-war landmark on 5th Av close to all. Designed with custom everything, the great room level offers high ceilings and expansive city views to the south, and dramatic master suite with home office and HUGE spa-like bath. The upstairs library / media room offers wet bar & service pantry, can easily be converted into a comfortable 5th bedroom if needed, while the rest of the spacious guest floor offers 3 additional large bedrooms, plus 2 full baths and full-size laundry. Enjoy year-round outdoor dining on 2 immense sun-flooded planted roofdecks: One is apx 50-foot wide and offers direct sunshine, yet is perfectly contained for weather and privacy, while the other is apx 33-feet wide and offers Empire State views, with a peek at the Chrystler Building! Both are set up with drip irrigation, power and lighting for year-round living. The property comes with a huge private storage room measuring nearly 1000 cubic feet (just for this unit) located on the same floor as the Penthouse ~ it's like having your own "urban garage" and large enough to store floor-to-ceiling seasonal clothing, extra furniture, home supplies or a large wine collection. Hotel-style amenities include onsite valet, housekeeping, dry-cleaning, shoe-shine and dog-walk services, for an a small additional fee. Full-service living also means 24-hour door staff, porters, handymen and friendly live-in building manager. The stunning building interiors have just been renovated by Chris and John Rawlins, whose spectacular lobby restoration confirms the Grand Madison as one of Gramercy?s premiere Beaux Arts spaces. Located near top restaurants and shopping, with food-lover?s Eataly across the street and Union Square greenmarket a few blocks away, + excellent access to transportation. Pets permitted, pied-a-terre-perfect and investor friendly, this property has achieved record rental income. Renovated & move-in ready, the loft also has a very flexible floor plan so if desired can bring your architect and customize to create the home of your dreams.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Courtyard Garden Patio Terrace Rooftop

Building Information

Financial Details

Common Charges $3,976/mo
RE Taxes $57,120/yr ($4,760/mo)
Original Price $7,995,000
Sale Price $7,900,000
Previous Price $7,995,000

The Flatiron District is a busy intersection of history, technology, and luxury living. Named after the iconic Flatiron Building, the neighborhood is centered around Madison Square Park and is a hub for the city's 'Silicon Alley.' The real estate market is famous for its grand cast-iron loft buildings with high ceilings and expansive floor plans, alongside ultra-luxury glass towers that offer modern amenities and central Manhattan convenience.

Flatiron Live Market Data

View Neighborhood

Active Listings

136

Median Asking Price

$2.20M

Median $/Sqft

$1,778

Avg Days on Market

N/A

New This Week

6

Price Reduced

38%

Sold (30 Days)

14

Median Sale Price

$2.25M

Live data from RLS at REBNY • Updated 6/10/26, 5:00 AM EST

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Location

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225 5th Avenue #PHS, Flatiron, New York County • Near East 26th Street & East 27th Street

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1907
Year Built
119 years old
13
Floors
187
Residential Units
C5-2
Zoning District
Condominiums Historic District: Madison Square North Historic District

Tax & Assessment

Assessed Value: $57,001,503
Land Value: $18,899,989
Exemptions: $6,870

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 31,106 SF
Building Area: 274,281 SF
Built FAR: 8.82
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $3,976 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $57,120, or roughly $4,760 per month. Verify the current assessment with your attorney before closing.

This property has 4 bedrooms and 3 full bathrooms.

The listed interior living area is 2,900 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1900, making it approximately 126 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $7,900,000 for 2,900 sq ft, the asking price per square foot is approximately $2,724. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10066213
First Listed: 4/22/2014
Price Changed: 3/13/2015
Closed: 3/11/2015
Contract Date: 4/22/2014

Listing Courtesy of The Corcoran Group - Lydia Sussek

Listing Contact: (917) 721-7853

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 6/10/2026 at 9:00 AM UTC

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