---
title: "1989 Madison Avenue, New York City, NY 10035"
description: "1989 Madison Avenue, New York City, NY 10035 — Townhouse in Central Harlem, Manhattan, NY. Listing Price $2,500,000. In contract 5/30/2026. 5 bed, 4 bath, 4,484 sqft Illustrative Buyer Commission Share of $37,500 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10035/1989-madison-avenue-ny-10035"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 1989 Madison Avenue, New York City, NY 10035

Townhouse in Central Harlem, Manhattan, NY

Courtesy of Compass

## At a Glance

- **Listing Price**: $2,500,000
- **Status**: In contract 5/30/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 5
- **Baths**: 4
- **Sqft**: 4,484
- **Monthly Taxes**: $2,647 / mo
- **Price per Sqft**: $558
- **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**: $2,500,000
- **Illustrative Buyer Commission Share**: -$37,500*
- **Illustrative Net Cost**: $2,462,500

*Illustrative Buyer Savings of $37,500 — 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)

![1989 Madison Avenue, New York City, NY 10035 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/33388fab-0759-40b4-81bb-f57ed4e7841c.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1dae78f9-0795-48e7-9170-9290ab8e991c.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0ca8f6ce-626b-4bc0-b5f6-e2ad3f570fb2.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/05cd2a4b-194f-4049-8c06-04b15d1f6780.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cb473790-64cf-4ebb-b3e9-41e52c845e45.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/db154286-6d5d-4041-839c-a876a449f988.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6cb1fa46-450b-4fa2-ae4b-8c79be994f8a.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9e6f1d9a-4eae-48d8-a808-a7331171880b.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b06de7bf-ca62-4975-83da-dee088caa955.jpg)
![1989 Madison Avenue, New York City, NY 10035 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/567d7a4c-3a8a-4bc8-b761-4f321b98f462.jpg)

## Property Overview

Originally built circa 1925, this meticulously reimagined 19-foot-wide two-family townhouse with 5 flex 7-bedrooms, 4-baths combines sophisticated design, income potential, and flexible living. The home will be delivered vacant, offering an end-user the flexibility to either maintain it as a two-family residence or effortlessly convert it into a single-family home by simply removing a door. The garden duplex has historically generated $6,995 per month in rental income, while the top duplex is estimated to rent for $8,000 per month, offering meaningful potential to offset carrying costs.

Aptly described as having a ‘Scandinavian farmhouse’ aesthetic—and even featured on the cover of Swedish Elle Décor—the interiors showcase hand-stenciled walls, original tin ceilings, charming exposed brick, wood-burning fireplaces, soaring ceilings, and herringbone floors blending clean Scandinavian lines with warm, inviting charm. The comfort of central A/C and the convenience of washers and dryers in both units complete this carefully curated home.

Current Two-Family Configuration:
Unit 1 is a 2 flex 3-bedroom, 2-bath duplex featuring soaring 11'8" ceilings, a working wood-burning fireplace, a private balcony off the primary bedroom, and access to the private patio on the garden level—offering the perfect space for barbecues or intimate gatherings. The home boasts a chef’s kitchen with custom cabinetry, marble countertops, double ovens, and a full suite of stainless steel appliances. The primary bathroom features gorgeous marble finishes and double sinks, while the primary bedroom includes a massive walk-in closet with custom built-ins. This unit also provides access to the basement, which includes three storage units, a washer and dryer, and an open area perfect for a gym or playroom.

Unit 2 is a 3 flex 4-bedroom, 2-bath upper duplex that beautifully blends turn-of-the-century architecture with modern luxury. Highlights include 10-foot high original tin ceilings, original fireplaces, oversized windows framing treetop views, skylights, and gorgeous herringbone floors. The space feels like living inside a design magazine (because it was!). The open chef’s kitchen features custom cabinetry with textured wire glass doors offering unbelievable storage all the way to the ceiling, elegant marble countertops, and a Bertazzoni professional range for the most discerning chef. The current owner is a professional chef and both kitchens were defining features that immediately drew him to the home. The primary bedroom offers serene garden views and an oversized walk-in closet with custom built-ins, creating the ultimate private retreat. The oversized primary bathroom is equally impressive, featuring an inviting deep soaking tub and a vintage-style clawfoot double sink.

As an owner here, you’ll enjoy convenient access to nearby Whole Foods, Trader Joe’s, and Target. Central Harlem has quietly become one of Manhattan’s most exciting dining destinations, offering everything from beloved legacy institutions to chef-driven hotspots. Iconic restaurants such as Sylvia’s and Red Rooster anchor the neighborhood with nationally recognized dining. The home is also moments from some of Harlem’s most iconic cultural landmarks, including the Apollo Theater and the newly reopened Studio Museum in Harlem. Ideally situated between the 2/3 and 4/5/6 subway lines, providing seamless access throughout Manhattan, and is also near Metro-North for easy upstate getaways.

## Property Details

- **Property Type**: Multi Family
- **Beds**: 5
- **Baths**: 4
- **Rooms**: 4
- **Sqft**: 4,484 sqft
- **Stories**: 4
- **Year Built**: 1925
- **Price per Sqft**: $558
- **Monthly Taxes**: $2,647 / mo
- **Listed On**: Apr 12, 2026
- **Days on Market**: 158 Days

### Residence Features

- Central Air
- In Unit
- See Remarks
- Balcony
- Private Outdoor Space Over 60 Sqft
- Chandelier
- Crown Molding
- High Ceilings
- Kitchen Island
- Recessed Lighting
- Walk-In Closet(s)
- Double Oven
- Dishwasher
- Stainless Steel Appliance(s)
- Hardwood
- Marble
- Full
- Security System
- Skylight(s)

## Estimated Monthly Payment

**$15,288 / month**, assuming a 20% down payment ($500,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $12,641
- **Property Taxes**: $2,647

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

## Sales and market data

### Recent sales

1989 Madison Avenue has 2 recorded sales since September 2021, the most recent for $2,295,000 in February 2024. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| Entire property (Duplex) | 6 | 4,268 | $2,295,000 | $538/ft² | February 22, 2024 | MLS |
| Entire property (Single Family Residence) | 6 | 4,270 | $2,295,000 | $537/ft² | February 22, 2024 | MLS |

### How this price compares

- **This home**: $2,500,000
- **Median sold price**: $2,272,500
- **Difference**: +$227,500 (+10%)
- **This home, $/ft²**: $558
- **Comparable sales**: 8
- **Sales from**: September 2021 – June 2026
- **Middle half of those sales**: $2,156,250 – $2,738,750

Based on house sales in Central Harlem.

Square footage is recorded for only 4 of these 8 sales (50%), so no price per square foot is shown for this group. Floor areas are usually recorded for house sales, so this is a thin patch in the records rather than the norm.

A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Central Harlem. Apartment sales are excluded from it entirely.

### How these sales were negotiated

- **Sale-to-list price**: 87.7% (6 sales)
- **Sold below asking**: 100% (6 sales)
- **Typical time to find a buyer**: 212 days (8 sales)
- **Typical time to close**: 54 days (7 sales)

Based on house sales in Central Harlem with the required listing and closing data. Sample sizes vary by metric.

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.

Sales data through June 2026.

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 1989 Madison Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1989-madison-avenue)

## Price and Property History for 1989 Madison Avenue

Review the recorded listing activity for 1989 Madison Avenue, including asking-price changes and prior market dates.

- **Entered contract**: May 30, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| May 30, 2026 | $2,500,000 | Entered contract |
| April 10, 2026 | $2,500,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 1989 Madison Avenue were $31,959 in 2026, down 0.6% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $159,120 | $28,680 | $130,440 | $159,120 | $31,959 | 20.085% (estimated) |
| 2025 (FY 2025/26) | $160,080 | $28,680 | $131,400 | $160,080 | $32,152 | 20.085% (estimated) |
| 2024 (FY 2024/25) | $171,240 | $28,680 | $142,560 | $163,388 | $32,816 | 20.085% |
| 2023 (FY 2023/24) | $154,140 | $28,680 | $125,460 | $154,140 | $30,959 | 20.085% |
| 2022 (FY 2022/23) | $147,900 | $28,680 | $119,220 | $147,900 | $30,037 | 20.309% |
| 2021 (FY 2021/22) | $158,940 | $28,680 | $130,260 | $158,940 | $31,729 | 19.963% |
| 2020 (FY 2020/21) | $171,480 | $28,680 | $142,800 | $171,480 | $36,088 | 21.045% |
| 2019 (FY 2019/20) | $276,300 | $11,250 | $265,050 | $220,407 | $27,491 | 12.473% |
| 2018 (FY 2018/19) | $262,800 | $11,250 | $251,550 | $195,927 | $24,710 | 12.612% |
| 2017 (FY 2017/18) | $212,400 | $11,250 | $201,150 | $170,907 | $21,738 | 12.719% |
| 2016 (FY 2016/17) | $187,200 | $11,250 | $175,950 | $146,787 | $18,924 | 12.892% |
| 2015 (FY 2015/16) | $163,350 | $11,250 | $152,100 | $125,997 | $16,232 | 12.883% |
| 2014 (FY 2014/15) | $153,900 | $11,250 | $142,650 | $131,757 | $16,937 | 12.855% |
| 2013 (FY 2013/14) | $137,700 | $11,250 | $126,450 | $139,407 | $18,325 | 13.145% |
| 2012 (FY 2012/13) | $91,800 | $11,250 | $80,550 | $119,031 | $15,689 | 13.181% |
| 2011 (FY 2011/12) | $83,250 | $11,250 | $72,000 | $116,061 | $15,590 | 13.433% |
| 2010 (FY 2010/11) | $192,150 | $11,250 | $180,900 | $115,161 | $15,377 | 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.

Figures are the New York City Department of Finance assessment roll for tax lot 1017510051. 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

### 1989 Madison Avenue

1989 Madison Avenue, New York, NY 10035

A building in the neighborhood, currently featuring 0 active listings.

- **Year Built**: 1925
- **Active Units**: 0
- **Floors**: 4

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1989-madison-avenue)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10035/1989-madison-avenue-ny-10035) | 5 | 4 | 4,484 sqft | $558 | $2,500,000 — In contract | Compass | Apr 12, 2026 | 157 days |

## Central Harlem

Overview of Central Harlem

[Explore Central Harlem](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-harlem) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Central Harlem

- [Morningside Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights)
- [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)

## Related Links

- [1989 Madison Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1989-madison-avenue)
- [Central Harlem neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-harlem)
- [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.