Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,525,000

Listed at $1,595,000 · Sold 4.4% below asking · Closed September 4, 2015

2040 Madison Avenue #House

$1,595,000

$492 per sq ft

2040 Madison Avenue #House

Upper M, Manhattan

MLS® #RLS10095960

RLS at REBNY

Listing by Harlem Lofts, Inc.

6

Bedrooms

4

Baths

3,240

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 6
Bathrooms 4
Living Area 3,240 sq ft
Year Built N/A
Neighborhood Upper M
Floor 1

Property Highlights

  • Location: Upper M, Manhattan
  • Property Type: Single Family Residence

Property Details

Type Single Family Residence
Total Rooms 10
Baths null Full
Floor 1
Pets Yes
Living Area 3,240 sq ft
Parcel # 1754-0116

Listing History

Event Date Price Change
Listed Aug 20, 2015 $1,595,000 -
Currently May 14, 2026 $1,595,000 -

Description

IN CONTRACT:

This is asolidly structured,4 story, 16.5 foot wide, brick townhouse in a row of prime Central Harlem townhouses. Very close to the Whole Foods development on 125th St. and Metro North Station undergoing Harlem's biggest redevelopment in decades, this beautiful and convenient section of Central Harlem is rapidly gentrifying and extremely convenient. Its convenience, beauty and upside potential makes this house an excellent opportunity for both investors and end-users. The Owner has all required DOB approvals in place for a Legal-2 Family with over 3200 sf of livable space, plus a small back yard.There is additional FAR of ~ 900+ sq ft to add an additional floor or penthouse.

The house needs a total interior cosmetic renovation to live in (this is not a shell). Renovate and restore into a 2-family home and offset your living expenses with a rental unit. Other options available.

-OR-

For Investors, maximize the FAR, and renovate into a luxury 2-Family Townhouse rental property or 2 Condos to sell.

Please send all requests for info to

















Upper M features a historic grid of row houses and pre-war apartment buildings. The neighborhood infrastructure includes multiple subway lines and access to large municipal parks. Residential options range from spacious co-op buildings to traditional single-family brownstones.

Upper M Live Market Data

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Active Listings

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Median Asking Price

N/A

Median $/Sqft

N/A

Avg Days on Market

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New This Week

0

Price Reduced

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Sold (30 Days)

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Median Sale Price

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Live data from RLS at REBNY • Updated 5/14/26, 5:39 PM EST

Location

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2040 Madison Avenue #House, Upper M, New York County

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
3
Floors
2
Residential Units
R7A
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $130,920
Land Value: $30,840
Exemptions: $0

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

Lot Area: 1,231 SF
Building Area: 3,240 SF
Built FAR: 2.63
Allowed FAR: 4

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

This property has 6 bedrooms and 4 full bathrooms.

The listed interior living area is 3,240 square feet. Verify dimensions independently during due diligence.

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

At the current list price of $1,595,000 for 3,240 sq ft, the asking price per square foot is approximately $492. 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: RLS10095960
First Listed: 8/20/2015
Closed: 9/4/2015
Contract Date: 7/10/2015

Listing Courtesy of Harlem Lofts, Inc. - Robert D. Pair

Listing Contact: (212) 280-8866

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 5/14/2026 at 9:39 PM UTC

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