---
title: "172 Madison Avenue #16B, New York City, NY 10016"
description: "172 Madison Avenue #16B, New York City, NY 10016 — Midtown, New York City, NY. Listing Price $2,395,000. 2 bed, 3 bath, 1,488 sqft Illustrative Buyer Commission Share of $35,925 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-b-16B-ny-10016"
source: "Real Estate Rebate Team"
status: "Active"
---

# 172 Madison Avenue #16B, New York City, NY 10016

Midtown, New York City, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $2,395,000
- **Beds**: 2
- **Total Baths**: 3
- **Sqft**: 1,488
- **Common Charges**: $2,090 / mo
- **Monthly Taxes**: $3,339 / mo
- **Price per Sqft**: $1,610
- **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**: $2,395,000
- **Illustrative Buyer Commission Share**: -$35,925*
- **Illustrative Net Cost**: $2,359,075

*Illustrative Buyer Savings of $35,925 — 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)

![172 Madison Avenue #16B, New York City, NY 10016 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/815478b6-a075-4d6c-96c9-2519310ba0d8.jpg)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4f28f85e-2a7b-4ab6-beed-425c49d5ed1a.jpg)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a937be3d-f56c-4121-8e25-5f192bc6cc9e.jpg)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1324cd82-a2bb-4426-9a5e-3f346d00fee8.jpg)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/133e4cf4-5d5e-44fa-836a-f5654f7fbb44.png)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e70b896b-697a-477c-8449-646a8450b739.png)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0932d361-1f55-47f1-9fad-65f1b69c4379.jpg)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f97253d3-4b57-4463-a790-73f99799ce77.jpg)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb2ea2a3-b8ad-4e28-8951-982a2b44a420.png)
![172 Madison Avenue #16B, New York City, NY 10016 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e7f0bae8-7ca1-440e-859f-2d3635f8e40d.png)

## Property Overview

Welcome to elevated high-rise living on Madison Avenue in NoMad. This exceptional 1,488 sq. ft. two-bedroom, two-and-a-half-bath condominium offers a seamless blend of contemporary sophistication and effortless city living.

Designed by acclaimed architect Karl Fischer with interiors by Shamir Shah, the residence features a sleek, modern kitchen appointed with premium Miele appliances, quartzite slab countertops, Molteni Dada high-gloss lacquer cabinetry, a vented hood, and wine refrigerator—perfectly suited for both daily living and elegant entertaining. Soaring 11-foot ceilings and dramatic floor-to-ceiling windows bathe the home in natural light, enhancing the expansive and airy ambiance throughout.

Both bedrooms are generously proportioned and complemented by ample closet space, including an oversized entry closet. Clean architectural lines, refined finishes, and thoughtful details create a residence that feels both polished and inviting.

Residents enjoy an extraordinary collection of amenities, including a 24-hour doorman and concierge, a 67-foot saltwater pool, spa with steam rooms, state-of-the-art fitness center, children’s playroom, club lounge, pet spa, bicycle storage, sun terrace, and beautifully landscaped open-air plaza. Perfectly positioned at the crossroads of NoMad, Midtown, and the Flatiron District, the building offers immediate access to world-class dining, shopping, and transportation.

Every detail at 172 Madison has been thoughtfully curated to deliver a lifestyle of comfort and distinction. With no more than three residences per floor and only 69 homes in total, the building offers a rare sense of privacy and exclusivity, complemented by the conveniences of a premier full-service luxury address.

## Property Details

- **Property Type**: Condominium
- **Beds**: 2
- **Total Baths**: 3
- **Rooms**: 5
- **Sqft**: 1,488 sqft
- **Stories**: 34
- **Year Built**: 2016
- **Price per Sqft**: $1,610
- **Common Charges**: $2,090.24 / Monthly
- **Monthly Taxes**: $3,339 / mo
- **Listed On**: Jun 23, 2026
- **Days on Market**: 81 Days

### Residence Features

- Common On Floor
- Common Area
- In Unit
- Entrance Foyer
- High Ceilings
- Kitchen Island
- Walk-In Closet(s)
- Cooktop
- Gas Cooktop
- Gas Oven
- Refrigerator
- Range Hood
- Stainless Steel Appliance(s)
- Hardwood

### Building Amenities

- Sauna

## Sales Evidence

### Recent closed sales

18 apartments at 172 Madison Avenue have recorded sales since September 2021, the most recent for $1,750,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [8B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-b-8B-ny-10016) (Apartment) | 2 | 1,488 | $1,750,000 | $1,176/ft² | August 5, 2026 | MLS |
| [11B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-b-11B-ny-10016) (Apartment) | 2 | 1,488 | $1,810,000 | $1,216/ft² | July 30, 2026 | MLS |
| 18B (Apartment) | — | 1,488 | $2,100,000 | $1,411/ft² | June 16, 2026 | City record |
| 24B (Apartment) | 2 | 1,476 | $2,400,000 | $1,626/ft² | May 29, 2026 | City record · MLS |
| 4B (Apartment) | 2 | 1,488 | $1,600,000 | $1,075/ft² | July 11, 2025 | City record · MLS |
| 4A (Apartment) | 2 | 1,479 | $2,075,000 | $1,403/ft² | November 18, 2024 | City record · MLS |
| 7B (Apartment) | 2 | 1,488 | $1,875,000 | $1,260/ft² | October 2, 2024 | City record · MLS |
| 10C (Apartment) | 1 | 891 | $1,500,000 | $1,684/ft² | March 6, 2024 | City record · MLS |
| 17-C (Apartment) | 1 | 938 | $1,560,000 | $1,663/ft² | August 23, 2023 | City record · MLS |
| 8A (Apartment) | 2 | 1,479 | $2,250,000 | $1,521/ft² | July 28, 2023 | City record · MLS |
| 21-C (Apartment) | 1 | 891 | $1,550,000 | $1,740/ft² | June 8, 2023 | City record · MLS |
| 20-C (Apartment) | 1 | 891 | $1,570,000 | $1,762/ft² | March 13, 2023 | City record · MLS |
| 25-A (Apartment) | 3 | 2,146 | $4,083,000 | $1,903/ft² | November 10, 2022 | City record · MLS |
| 4A (Apartment) | 2 | 1,479 | $2,240,000 | $1,515/ft² | July 22, 2022 | City record |
| 16B (Apartment) | 2 | 1,488 | $2,250,640 | $1,513/ft² | May 5, 2022 | City record |
| 10B (Apartment) | — | 1,488 | $2,285,000 | $1,536/ft² | January 19, 2022 | City record |
| 8B (Apartment) | 2 | 1,488 | $2,119,163 | $1,424/ft² | December 13, 2021 | City record |
| 24A (Apartment) | 2 | 1,458 | $2,790,005 | $1,914/ft² | September 14, 2021 | City record · MLS |

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 two-bedroom sales at 172 Madison Avenue is $2,240,000, based on 9 sales between September 2021 and May 2026. This home is asking $2,395,000, $155,000 above that median. The middle half of those sales closed between $2,075,000 and $2,250,640.

- **Median closed price**: $2,240,000
- **Middle half**: $2,075,000 – $2,250,640
- **Based on**: 9 two-bedroom sales at 172 Madison Avenue
- **Period**: September 2021 – May 2026
- **Median $/ft²**: $1,513/ft²

Across the 5 of these sales with a published asking price, the median closed at 88.3% of what it originally asked. 100% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 88.3% of the original ask
- **Closed below ask**: 100% of 5 sales
- **Listed → in contract**: 127 days (about 18 weeks)
- **In contract → closed**: 29 days (about 4 weeks)

Across the 5 of these sales with a published asking price, the median closed at 88.3% of what it originally asked. 100% of them closed below the original ask.

Half of these homes were in contract within 127 days (about 18 weeks) of coming to market, based on the 5 with a recorded listing date.

Once a deal was agreed, closing took a further 29 days (about 4 weeks), based on the 5 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 9 two-bedroom sales at 172 Madison Avenue, September 2021 – 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 172 Madison Avenue, 2017 to 2024. 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 | $2,097/ft² | 31 |
| 2018 | $2,074/ft² | 13 |
| 2020 | $1,509/ft² | 4 (thin) |
| 2021 | $1,552/ft² | 8 |
| 2022 | $1,525/ft² | 4 (thin) |
| 2023 | $1,701/ft² | 4 (thin) |
| 2024 | $1,403/ft² | 3 (thin) |

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 172 Madison Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/172-madison-avenue)

## Property Tax History

Taxes at 172 Madison Avenue #16B were $42,237 in 2026.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $372,353 | $56,915 | $315,438 | $337,897 | $42,237 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $357,767 | $56,915 | $300,852 | $337,947 | $42,243 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $336,518 | $56,915 | $279,603 | $336,518 | $42,065 | 12.5% |
| 2023 (FY 2023/24) | $348,450 | $56,915 | $291,535 | $342,830 | $42,861 | 12.502% |
| 2022 (FY 2022/23) | $341,895 | $56,915 | $284,980 | $340,435 | $41,761 | 12.267% |
| 2021 (FY 2021/22) | $322,634 | $56,915 | $265,719 | $322,634 | $39,474 | 12.235% |
| 2020 (FY 2020/21) | $357,196 | $56,915 | $300,281 | $350,769 | $43,029 | 12.267% |
| 2019 (FY 2019/20) | $349,164 | $56,915 | $292,249 | $349,164 | $43,551 | 12.473% |
| 2018 (FY 2018/19) | $343,443 | $56,915 | $286,528 | $343,443 | $43,315 | 12.612% |

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.

Figures are the New York City Department of Finance assessment roll for tax lot 1008631138. 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

### 172 Madison Avenue

Midtown South · Condominium

172 Madison Avenue, New York, NY 10016

A building in Midtown South, currently featuring 7 active listings.

- **Year Built**: 2016
- **Total Units**: 7
- **Floors**: 34

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/172-madison-avenue)

### Available Residences — For Sale (7)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [16B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-b-16B-ny-10016) | 2 | 3 | 1,488 sqft | $1,610 | $2,395,000 | Compass | Jun 23, 2026 | 81 days |
| [8B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-b-8B-ny-10016) | 2 | 3 | 1,488 sqft | $1,327 | $1,975,000 (-8.1%) | Sothebys International Realty | Mar 10, 2025 | 551 days |
| [MANSION](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-mansion-ny-10016) | 4 | 5 | 2,958 sqft | $4,393 | $12,995,000 (-7.1%) | Christies International Real Estate Group LLC | Nov 8, 2025 | 308 days |
| [11A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-a-11A-ny-10016) | 2 | 3 | 1,479 sqft | $1,690 | $2,500,000 (-16.5%) — In contract | Corcoran Group | Mar 10, 2026 | 186 days |
| [15B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-15b-ny-10016) | 2 | 3 | 1,488 sqft | $1,310 | $1,950,000 — In contract | Serhant | Mar 20, 2026 | 176 days |
| [11B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-b-11B-ny-10016) | 2 | 3 | 1,488 sqft | $1,216 | $1,810,000 | Serhant | Apr 2, 2026 | 163 days |
| [17C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/172-madison-avenue-c-17C-ny-10016) | 1 | 2 | 937 sqft | $1,692 | $1,585,000 (-3.9%) | Douglas Elliman Real Estate | May 5, 2026 | 130 days |

## Estimated Monthly Payment

**$17,540 / month**, assuming a 20% down payment ($479,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $12,110
- **Property Taxes**: $3,339
- **Common Charges**: $2,090

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

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## Midtown

The Center of the World

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

### Nearby Midtown

- [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill)
- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)
- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)
- [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen)
- [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district)
- [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea)

## Related Links

- [172 Madison Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/172-madison-avenue)
- [Midtown neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown)
- [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.