---
title: "225 5th Avenue #10R, New York City, NY 10010"
description: "225 5th Avenue #10R, New York City, NY 10010 — NoMad, New York City, NY. Listing Price $1,840,000. In contract 11/18/2024. 1 bed, 2 bath, 1,049 sqft Illustrative Buyer Commission Share of $27,600 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/225-5th-avenue-r-10R-ny-10010"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 225 5th Avenue #10R, New York City, NY 10010

NoMad, New York City, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $1,840,000
- **Status**: In contract 11/18/2024
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 1
- **Total Baths**: 2
- **Sqft**: 1,049
- **Common Charges**: $1,065 / mo
- **Monthly Taxes**: $950 / mo
- **Price per Sqft**: $1,754
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $1,840,000
- **Illustrative Buyer Commission Share**: -$27,600*
- **Illustrative Net Cost**: $1,812,400

*Illustrative Buyer Savings of $27,600 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![225 5th Avenue #10R, New York City, NY 10010 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8a26f871-03af-49a9-a7b3-63e5e9284700.jpg)
![225 5th Avenue #10R, New York City, NY 10010 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ca0863b7-b14d-4430-aae7-4154ec371791.jpg)
![225 5th Avenue #10R, New York City, NY 10010 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/26a7a942-8803-4a8b-92d3-ce4cbb34e595.jpg)
![225 5th Avenue #10R, New York City, NY 10010 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b795f275-08e4-4150-b22e-7ca7ae4e3784.jpg)
![225 5th Avenue #10R, New York City, NY 10010 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7fde8bf2-f1f9-4d65-9d06-e019b5211b0e.jpg)
![225 5th Avenue #10R, New York City, NY 10010 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/934242cf-3c68-4da1-92c4-6a9e5d90032c.jpg)
![225 5th Avenue #10R, New York City, NY 10010 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5bd033df-dccf-419c-a5d0-6d83e7238c2f.webp)
![225 5th Avenue #10R, New York City, NY 10010 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/15202eb7-2366-4df8-b7dd-e70c6c4d3f12.jpg)
![225 5th Avenue #10R, New York City, NY 10010 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/578f11b4-6d16-4935-a9e3-210385c44a6b.webp)
![225 5th Avenue #10R, New York City, NY 10010 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/de4cc617-ba94-40ef-8207-cf1c454463de.jpg)

## Property Overview

Seeing is believing!  Don't miss this oversized one-bedroom in one of downtown’s most sought-after condominiums, The Grand Madison. This triple-mint 1,049 sq foot stunner leaves no detail overlooked.

The expansive living space is nearly 30 feet long and embodies the personification of what a luxury loft space should be: open, luminous, and stylish. Its south-facing oversized windows yield gorgeous all-day sunlight.  And the perfectly situated dining area is tailor-made for hosting unforgettable dinner parties or soires.  Capping off the living/dining area is an elegant chef's kitchen outfitted with custom Poggenpohl cabinets, Viking and Bosch appliances, and clad in Pennsylvania bluestone countertops.  

The sprawling primary suite can easily accommodate a king-size bedroom set along with a lounge chair, desk, or vanity and too is immuniated by south-facing windows.  It features a fully customized 7 x 10 Poliform changing area/closet system that can accommodate a wardrobe of any size.  The pristine spa-like en-suite bathroom is clad in Carrera Italian marble, with double vanity sinks, a separate glass rain shower, and a deep soaking tub to unwind after a long day.  Rounding out this home are soaring 10 ft ceilings throughout, a stylish original column, pristine wide plank oak floors, a Carrera marble powder room, central AC/heat, and a washer/dryer. 

The Grand Madison is a landmarked white-glove condominium perfectly situated on the northwest corner of Madison Square Park. The level of attention is incomparable with a top-notch staff that includes a 24-hour doorman, live-in resident manager, concierge, and porters.  The gorgeous lobby is second to none and leads to a landscaped intimate peaceful courtyard.    The newly renovated fitness center includes the Peloton and Mirror system and laundry is a breeze with an in-unit washer and dryer and an on-site dry cleaner and tailor. 

Enjoy the best of New York dining with Eleven Madison Park, Cafe Carmellini, Cecconi’s, Cosme, Gramercy Tavern, ABC Kitchen, Kazunori, and countless others mere steps away. Easy access to multiple subway lines including the R,W,6, and F trains offer an easy commute to all that the city has to offer.  Grocery shopping is a breeze with Eataly, Fairway, Whole Foods, and Trader Joe’s all in the neighborhood. And Madison Square Park is a year-round attraction with the original Shake Shack, rotating art installations, playgrounds, picnic areas, and multiple dog runs.  Have it all in one of Manhattan’s most sophisticated landmarked pre-war condominiums.

## Property Details

- **Property Type**: Condominium
- **Beds**: 1
- **Total Baths**: 2
- **Rooms**: 3
- **Sqft**: 1,049 sqft
- **Stories**: 13
- **Year Built**: 1907
- **Price per Sqft**: $1,754
- **Common Charges**: $1,065 / Monthly
- **Monthly Taxes**: $950 / mo
- **Listed On**: Jun 17, 2024
- **Days on Market**: 812 Days

### Residence Features

- Central Air
- Building Washer Dryer Install Allowed
- In Unit
- Valet
- Courtyard
- Chandelier
- High Ceilings
- Kitchen Island
- Walk-In Closet(s)
- Range Hood
- Stainless Steel Appliance(s)
- Hardwood

### Building Amenities

- Valet

## Sales Evidence

### Recent closed sales

50 apartments at The Grand Madison have recorded sales since September 2021, the most recent for $1,537,500 in July 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [2T](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/225-5th-avenue-t-2T-ny-10010) (Loft) | 1 | 708 | $1,537,500 | $2,172/ft² | July 29, 2026 | MLS |
| 6R (Apartment) | 1 | 1,049 | $1,805,000 | $1,721/ft² | May 28, 2026 | City record · MLS |
| PHS (Apartment) | 4 | 2,900 | $9,065,000 | $3,126/ft² | December 31, 2025 | City record · MLS |
| 7K (Apartment) | 2 | 1,706 | $3,800,000 | $2,227/ft² | November 19, 2025 | City record · MLS |
| 11H (Apartment) | — | 789 | $1,500,000 | $1,901/ft² | April 22, 2025 | City record |
| 6A (Apartment) | 2 | 1,613 | $2,562,500 | $1,589/ft² | March 21, 2025 | City record · MLS |
| 5D (Apartment) | 1 | 1,106 | $2,100,000 | $1,899/ft² | February 14, 2025 | City record |
| 6N (Apartment) | 1 | 917 | $1,375,000 | $1,499/ft² | February 12, 2025 | MLS |
| 10R (Apartment) | 1 | 948 | $1,790,000 | $1,888/ft² | February 11, 2025 | City record |
| 5D/SU5D (Apartment) | 1 | 1,211 | $2,100,000 | $1,734/ft² | February 7, 2025 | MLS |
| PH-K (Apartment) | 2 | 1,323 | $2,700,000 | $2,041/ft² | October 28, 2024 | City record · MLS |
| 6T (Apartment) | 1 | 706 | $1,295,000 | $1,834/ft² | October 24, 2024 | City record · MLS |
| 8K (Apartment) | 2 | 1,706 | $4,250,000 | $2,491/ft² | September 27, 2024 | City record · MLS |
| 5P (Apartment) | 1 | 1,024 | $1,580,000 | $1,543/ft² | August 23, 2024 | City record · MLS |
| 2R (Apartment) | 1 | 1,025 | $1,875,000 | $1,829/ft² | August 1, 2024 | City record · MLS |
| 7R (Apartment) | 1 | 948 | $1,825,000 | $1,925/ft² | July 17, 2024 | City record |
| 9R (Apartment) | 1 | 1,049 | $1,920,000 | $1,830/ft² | July 12, 2024 | City record · MLS |
| 9C (Apartment) | 1 | 1,334 | $2,305,000 | $1,728/ft² | June 26, 2024 | City record · MLS |
| 2F (Apartment) | 2 | 1,254 | $2,185,000 | $1,742/ft² | June 21, 2024 | City record · MLS |
| 5B (Apartment) | — | 1,229 | $2,200,000 | $1,790/ft² | June 10, 2024 | City record |
| 5K (Apartment) | 2 | 1,709 | $3,805,000 | $2,226/ft² | May 21, 2024 | City record · MLS |
| 10K (Apartment) | — | 1,539 | $3,925,000 | $2,550/ft² | May 9, 2024 | City record |
| 4N (Apartment) | 1 | 917 | $1,375,000 | $1,499/ft² | May 2, 2024 | City record · MLS |
| 2H (Apartment) | 1 | 902 | $1,390,000 | $1,541/ft² | March 7, 2024 | City record · MLS |
| PHF (Apartment) | 1 | 1,183 | $2,465,000 | $2,084/ft² | March 1, 2024 | City record · MLS |
| 6B (Apartment) | 1 | 1,229 | $2,300,000 | $1,871/ft² | March 1, 2024 | City record |
| 7P (Apartment) | 1 | 1,024 | $1,620,000 | $1,582/ft² | February 29, 2024 | City record · MLS |
| 10A (Apartment) | 2 | 1,613 | $2,400,000 | $1,488/ft² | February 1, 2024 | City record · MLS |
| 11G (Apartment) | 2 | 1,258 | $1,800,000 | $1,431/ft² | November 15, 2023 | City record · MLS |
| 7DE (Apartment) | 5 | 4,882 | $8,170,000 | $1,673/ft² | September 13, 2023 | City record · MLS |
| 10-T (Apartment) | 1 | 706 | $1,250,000 | $1,771/ft² | July 25, 2023 | City record · MLS |
| 7S (Apartment) | 2 | 1,349 | $2,250,000 | $1,668/ft² | July 25, 2023 | City record · MLS |
| 5T (Apartment) | 1 | — | $1,130,000 | — | March 29, 2023 | City record · MLS |
| PH-D (Duplex) | 1 | 1,221 | $1,925,000 | $1,577/ft² | February 24, 2023 | City record · MLS |
| 10P (Apartment) | 1 | 1,029 | $1,680,000 | $1,633/ft² | January 13, 2023 | City record · MLS |
| 4-A (Apartment) | 1 | 1,613 | $2,830,000 | $1,754/ft² | January 10, 2023 | City record · MLS |
| 2B (Apartment) | 2 | 1,320 | $2,100,000 | $1,591/ft² | December 29, 2022 | City record · MLS |
| 7N (Apartment) | 1 | 917 | $1,505,000 | $1,641/ft² | October 6, 2022 | City record · MLS |
| 8F (Apartment) | 2 | 1,280 | $2,350,000 | $1,836/ft² | August 18, 2022 | City record · MLS |
| PHR (Apartment) | 3 | 2,000 | $4,775,000 | $2,388/ft² | July 19, 2022 | City record · MLS |

Showing the 40 most recent of 50 recorded sales in this period.

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable one-bedroom sales at The Grand Madison is $1,797,500, based on 20 sales between April 2022 and May 2026. This home is asking $1,840,000, $42,500 above that median. The middle half of those sales closed between $1,561,250 and $1,925,000.

- **Median closed price**: $1,797,500
- **Middle half**: $1,561,250 – $1,925,000
- **Based on**: 20 one-bedroom sales at The Grand Madison
- **Period**: April 2022 – May 2026
- **Median $/ft²**: $1,779/ft²

Across the 14 of these sales with a published asking price, the median closed at 97.8% of what it originally asked. 71% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 97.8% of the original ask
- **Closed below ask**: 71% of 14 sales
- **Listed → in contract**: 74 days (about 11 weeks)
- **In contract → closed**: 50 days (about 7 weeks)

Across the 14 of these sales with a published asking price, the median closed at 97.8% of what it originally asked. 71% of them closed below the original ask.

Half of these homes were in contract within 74 days (about 11 weeks) of coming to market, based on the 14 with a recorded listing date.

Once a deal was agreed, closing took a further 50 days (about 7 weeks), based on the 14 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 20 one-bedroom sales at The Grand Madison, April 2022 – May 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at The Grand Madison, 2017 to 2025. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $2,232/ft² | 9 |
| 2018 | $2,209/ft² | 9 |
| 2019 | $2,074/ft² | 7 |
| 2020 | $2,070/ft² | 3 (thin) |
| 2021 | $2,020/ft² | 9 |
| 2022 | $1,836/ft² | 11 |
| 2023 | $1,668/ft² | 8 |
| 2024 | $1,830/ft² | 18 |
| 2025 | $1,900/ft² | 6 |

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at The Grand Madison](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/225-5th-avenue)

## Price and Property History for 225 5th Avenue, Unit 10R

Review the recorded listing activity for 225 5th Avenue, Unit 10R, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $35,000, or 1.9%, on September 9, 2024
- **Originally listed**: June 17, 2024 at $1,875,000
- **Entered contract**: November 18, 2024

| Date | Price | Listing event |
| --- | --- | --- |
| November 18, 2024 | $1,840,000 | Entered contract |
| September 9, 2024 | $1,840,000 | Asking price reduced by $35,000, or 1.9% |
| June 17, 2024 | $1,875,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 225 5th Avenue #10R were $14,569 in 2026, up 2.0% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $119,329 | $49,028 | $70,301 | $116,551 | $14,569 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $118,097 | $49,028 | $69,069 | $114,238 | $14,280 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $116,605 | $49,028 | $67,577 | $114,487 | $14,311 | 12.5% |
| 2023 (FY 2023/24) | $115,182 | $49,028 | $66,154 | $113,777 | $9,340 after $4,884 abatement | 12.502% |
| 2022 (FY 2022/23) | $113,555 | $49,028 | $64,527 | $112,424 | $4,151 after $9,640 abatement | 12.267% |
| 2021 (FY 2021/22) | $107,756 | $49,028 | $58,728 | $107,756 | $3,944 after $9,240 abatement | 12.235% |
| 2020 (FY 2020/21) | $119,350 | $49,028 | $70,322 | $108,866 | $13,355 | 12.267% |
| 2019 (FY 2019/20) | $116,667 | $49,028 | $67,639 | $105,465 | $13,155 | 12.473% |
| 2018 (FY 2018/19) | $112,591 | $49,028 | $63,563 | $100,759 | $12,708 | 12.612% |
| 2017 (FY 2017/18) | $108,674 | $49,028 | $59,646 | $97,300 | $12,086 | 12.719% |
| 2016 (FY 2016/17) | $99,143 | $49,028 | $50,115 | $94,233 | $11,844 | 12.892% |
| 2015 (FY 2015/16) | $98,759 | $49,028 | $49,731 | $92,279 | $11,586 | 12.883% |
| 2014 (FY 2014/15) | $84,658 | $49,028 | $35,630 | $90,058 | $11,275 | 12.855% |
| 2013 (FY 2013/14) | $95,272 | $49,028 | $46,244 | $88,577 | $11,348 | 13.145% |
| 2012 (FY 2012/13) | $93,349 | $49,028 | $44,321 | $84,735 | $10,871 | 13.181% |
| 2011 (FY 2011/12) | $97,558 | $49,028 | $48,530 | $82,736 | $10,810 | 13.433% |
| 2010 (FY 2010/11) | $87,506 | $49,028 | $38,478 | $81,505 | $10,604 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Where an abatement applies, Property Tax is the amount owed after it. Abatements are granted to the property and do not necessarily transfer to a new owner.

Figures are the New York City Department of Finance assessment roll for tax lot 1008561253. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### The Grand Madison

225 5th Avenue, New York, NY 10010

A building in the neighborhood, currently featuring 1 active listing.

- **Year Built**: 1907
- **Total Units**: 1
- **Floors**: 13

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/225-5th-avenue)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [10R](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10010/225-5th-avenue-r-10R-ny-10010) | 1 | 2 | 1,049 sqft | $1,754 | $1,840,000 (-1.9%) — In contract | Compass | Jun 17, 2024 | 811 days |

## Estimated Monthly Payment

**$11,319 / month**, assuming a 20% down payment ($368,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $9,304
- **Property Taxes**: $950
- **Common Charges**: $1,065

Estimates only. Actual payments may vary. Confirm terms with your lender.

## NoMad

Overview of NoMad

[Explore NoMad](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nomad) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby NoMad

- [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy)
- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)
- [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea)
- [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village)
- [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill)
- [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town)

## Related Links

- [The Grand Madison — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/225-5th-avenue)
- [NoMad neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nomad)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.