172 Madison Ave

NoMad, New York, NY 10016

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Retail

$10.12M

Sale Price

6,400 SF

Building Size

$1,581

Price / SF

Q1 2026

Closing Date

The Story

The Anton Group was retained to sell two retail condominium units within 172 Madison, a 34-story luxury mixed-use building constructed in 2016 in NoMad. The assignment involved a sensitive disposition, as the units were sold on behalf of a bankruptcy estate following foreclosure of the inventory loan. Despite the complexity of the situation, the retail condominiums were fully leased on a long-term, double-net basis to two boutique tenants, presenting buyers with a stable, income-producing asset in one of New York City's fastest-growing retail corridors.

Property Highlights

Two retail condominium units within a luxury mixed-use building featuring high ceilings, large windows, and dual exposures on both Madison Avenue and 33rd Street
100% leased on a long-term, double-net basis: Noda North America (Japanese luxury furniture) and 209 NYC Dental (high-end dental practice)
Madison Avenue retail corridor has seen rising rents and declining availability, driven by strong demand across retail categories
NoMad market benefiting from new pedestrian traffic drivers including a new Ritz-Carlton, Chelsea Piers Gym, and Eataly
One block from the 33rd Street Subway Station