The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$2,475,000
161 Madison Ave Rm 11W
New York, NY, 10016
View more New York, NY property pagesStudioBeds
1Baths
2,400Sqft
$1031$/sqft
Listing Notes
Available for sale, 161 Madison Avenue, Suite 11W is a turnkey medical office condo located in the heart of Midtown, positioned between East 32nd Street and East 33rd Street. Currently configured as an ENT and Surgical practice, the layout of approximately 2, 400 square feet consists of a waiting and reception area, five exam rooms, four offices/consults, an operating room with attached pre-op, a restroom, and five closets/storage spaces. This well-appointed medical office is proximate to East Side hospitals, including NYU Langone, Hassenfeld Children's Hospital, and NYC Health + Hospitals/Bellevue. 161 Madison Avenue is accessible to public transportation via the 4 and 6 train lines, the M1-5 at 5th ave and 33rd, the QM63, 64, and 68 at 33rd and Madison, BxM11 and Q32 at 32nd and Madison, and the N, Q, R, W, B, D, F, and M train lines at 34th Street.
Market Insights
Below nearby median-33%
$1031/sqft vs a nearby median of $1546/sqft.
Nearby median$1546/sqft
Nearby properties12
Property size2,400 sqft
- -33% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,400 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.99M$3.63M – $4.34M · 51% confidence
vs ask $2.48M−$1.51M (−61.1%)
Asking price is about 61.1% below the fair value — likely to draw competing offers if it's still on market.
$1,546/sqft median across 9 tight comps × 2,400 sqft= $3.71M
- Transit access+$148k +4.0%
- Pre-war character+$93k +2.5%
- High-density walkability+$74k +2.0%
- Open DOB violations−$37k −1.0%
Cumulative NYC adjustments+$278k+7.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 0 days
- Last price change
- No change recorded
- Listed
- May 12, 2026
- Photos
- 16 photos
- Property type
- single family
- Status
- for sale
Features & Amenities
City ViewDoormanElevatorViewOfficeMedicalcare
Photos
Building Facts
- Year built
- 1900
- Stories
- 12
- Total units
- 42
- Building area
- 1.38 ac
- Lot size
- 5,755 sqft
- Land use
- Commercial and office buildings
- Building class
- RC
From NYC public records where available.
Price History
May 12, 2026Initial record
$2,475,000for sale
Public Records
DOB violations6 open
51 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents0
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)21,008
Top: noise - residential
Top complaint types in ZIP 10016
- Noise - Residential3,095
- Encampment1,860
- Noise - Helicopter1,535
- Illegal Parking1,393
- Homeless Person Assistance1,092
Recent DOB
- Feb 22, 2024V-DOB VIOLATION - ACTIVE · FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED
- Dec 1, 2023V*-DOB VIOLATION - DISMISSED · EGRADE-FAILURE TO POST ENERGY GRADE/SCORE NONE
- Jun 20, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Jun 20, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.