--- title: "1228 MADISON Avenue #7, New York City, NY 10128" description: "1228 MADISON Avenue #7, New York City, NY 10128 — Carnegie Hill, New York City, NY. Listing Price $6,995,000. 4 bed, 4 bath, 3,136 sqft Illustrative Buyer Commission Share of $104,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/1228-madison-avenue-7-ny-10128" source: "Real Estate Rebate Team" status: "Active" --- # 1228 MADISON Avenue #7, New York City, NY 10128 Carnegie Hill, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $6,995,000 - **Beds**: 4 - **Total Baths**: 4 - **Sqft**: 3,136 - **Common Charges**: $18,207 / mo - **Price per Sqft**: $2,231 - **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**: $6,995,000 - **Illustrative Buyer Commission Share**: -$104,925* - **Illustrative Net Cost**: $6,890,075 *Illustrative Buyer Savings of $104,925 — 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) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6fed4a33-9c06-45f4-b14e-8d96055a4b96.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/69694785-c512-4c61-97dc-a3323780df3f.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b7ca88cb-8b73-4760-a65c-da28bee8b2b9.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cb492480-7f45-4ff3-8ce9-27af787c9969.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a60218c5-6f0d-4dc5-9a7f-eae66859f48f.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f955315a-5892-4b00-95a5-e50d1d29c71e.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/86bd1723-e3b9-4c62-9e29-d2e194a4bcf5.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/21cda197-1278-44b4-a9c1-24daaa7d53ea.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/636160dd-eb22-4547-b4ab-b54cd0bb4ad7.jpg) ![1228 MADISON Avenue #7, New York City, NY 10128 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/58a36898-3fe4-45db-a10e-0db56a54f6ee.jpg) ## Property Overview CONDOP. Not a co-op. This is a favorable land lease building. Resident lounge coming soon! Currently presented via virtual renderings; scheduled for completion July 2026. The Seventh Floor at 1228 Madison Avenue is a 4-bedroom, 3.5-bath full-floor home spanning 3,136 ft (291 m), with desirable east and west exposures. A private elevator vestibule leads to a dramatic 8' white oak entry door, opening into an elegant foyer with custom-stained white oak flooring in a chevron pattern. This distinctive flooring carries through the main living spaces, culminating in a nearly 30' great room flooded with natural light from one floor-to-ceiling window and three Juliette balconies overlooking Madison Avenue. Adjacent to the great room and separated by pocket doors, the sunny eat-in kitchen features white matte lacquer Molteni cabinetry with white oak tambour detailing, and honed Calacatta Estremoz slab countertops, backsplash, and seating at a built-in breakfast counter. Top-tier appliances include a Lacanche 7-burner range, along with Wolf, Miele, and Sub-Zero appliances, wine refrigerator, and full-height pantry. The bedroom wing features 7" white oak plank flooring throughout. The spacious primary suite offers two oversized closets and a luxurious windowed 5-fixture bath with Bianco Oro marble slab walls and radiant-heated floors, a limed oak millwork vanity, custom medicine cabinets and lighting by Kelly Behun Studio, and Waterworks fixtures in burnished nickel. Secondary bedrooms each have en-suite baths with radiant-heated honed Calacatta marble floors, glazed white ceramic wall tiles, arched tiled surrounds, white matte lacquer vanities, and Waterworks polished nickel fixtures. The powder room makes a striking impression with honed Italian Burlesque marble slab floors and wainscot, a matching marble sink and countertop, and Waterworks burnished nickel fixtures. A brass-framed arched mirror and aged brass pendant sconce complete the design. Additional conveniences include a generous laundry room with side-by-side washer and dryer, custom millwork cabinetry with stainless steel sink, a discreet refuse room for contactless deliveries, private storage, and multi-zone heating and cooling throughout. No detail has been overlooked in this meticulously designed and thoughtfully appointed residence. 1228 Madison Avenue is a boutique 13-unit co-op with condo rules, crafted by the talented artisans at Robert A.M. Stern Architects and Kelly Behun Studio. Amenities include a full-time doorman and concierge, a furnished rooftop terrace with views of Central park, a fitness center and training studio with the latest Technogym equipment, package room and bike storage. ## Property Details - **Property Type**: Co-op - **Beds**: 4 - **Total Baths**: 4 - **Rooms**: 8 - **Sqft**: 3,136 sqft - **Stories**: 19 - **Year Built**: 2021 - **Price per Sqft**: $2,231 - **Common Charges**: $18,207 / Monthly - **Listed On**: Jun 26, 2026 - **Days on Market**: 73 Days ### Residence Features - Central Air - Building Other - Building Roof Deck - Private Outdoor Space Under 60 Sqft - City ## Sales Evidence ### Recent closed sales 21 apartments at 1228 Madison Avenue have recorded sales since September 2021, the most recent for $9,125,000 in February 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 10 (Apartment) | 4 | 3,841 | $9,125,000 | $2,376/ft² | February 24, 2025 | City record · MLS | | 12 (Apartment) | 4 | 3,500 | $9,950,000 | $2,843/ft² | January 28, 2025 | City record · MLS | | 8 (Apartment) | — | — | $7,600,000 | — | August 7, 2023 | City record | | 8-FLR (Apartment) | 4 | 3,999 | $8,950,000 | $2,238/ft² | August 7, 2023 | MLS | | 3-FLR (Apartment) | 4 | 3,136 | $6,950,000 | $2,216/ft² | July 19, 2023 | MLS | | 3 (Apartment) | 4 | 3,136 | $6,250,000 | $1,993/ft² | June 28, 2023 | City record | | 5 (Apartment) | 4 | 3,136 | $5,850,000 | $1,865/ft² | June 21, 2023 | City record · MLS | | 12-FLR (Apartment) | 4 | 3,476 | $9,850,000 | $2,834/ft² | December 9, 2022 | MLS | | 12 (Apartment) | 4 | 3,500 | $9,500,000 | $2,714/ft² | December 6, 2022 | City record | | 7-FLR (Apartment) | 4 | 3,136 | $8,700,000 | $2,774/ft² | November 1, 2022 | MLS | | 10-FLR (Apartment) | 4 | 3,841 | $11,175,000 | $2,909/ft² | November 1, 2022 | MLS | | 7 (Apartment) | 4 | 3,136 | $6,975,000 | $2,224/ft² | October 26, 2022 | City record | | 10 (Apartment) | 4 | 3,841 | $9,765,000 | $2,542/ft² | October 26, 2022 | City record | | DU/PH (Apartment) | 6 | 6,566 | $19,725,000 | $3,004/ft² | June 15, 2022 | City record · MLS | | TR PH (Apartment) | 5 | 6,183 | $24,750,000 | $4,003/ft² | June 7, 2022 | City record · MLS | | 9 (Apartment) | — | — | $10,500,000 | — | May 16, 2022 | City record | | FLOOR9 (Apartment) | 5 | 4,025 | $11,385,000 | $2,829/ft² | May 16, 2022 | MLS | | FLOOR11 (Apartment) | 4 | 3,523 | $10,985,000 | $3,118/ft² | May 4, 2022 | MLS | | FLOOR2 (Apartment) | 4 | 3,962 | $9,985,000 | $2,520/ft² | May 4, 2022 | MLS | | 11 (Apartment) | — | — | $9,804,000 | — | April 29, 2022 | City record | | 2 (Apartment) | 4 | 3,962 | $8,700,000 | $2,196/ft² | April 25, 2022 | City record | 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 four-bedroom sales at 1228 Madison Avenue is $9,850,000, based on 7 sales between May 2022 and August 2023. This home is asking $6,995,000, $2,855,000 below that median. The middle half of those sales closed between $8,825,000 and $10,485,000. - **Median closed price**: $9,850,000 - **Middle half**: $8,825,000 – $10,485,000 - **Based on**: 7 four-bedroom sales at 1228 Madison Avenue - **Period**: May 2022 – August 2023 - **Median $/ft²**: $2,774/ft² ### How these sales were negotiated - **Listed → in contract**: 178 days (about 25 weeks) - **In contract → closed**: 50 days (about 7 weeks) Half of these homes were in contract within 178 days (about 25 weeks) of coming to market, based on the 5 with a recorded listing date. Once a deal was agreed, closing took a further 50 days (about 7 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 7 four-bedroom sales at 1228 Madison Avenue, May 2022 – August 2023. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op four-bedroom sales in Carnegie Hill, 2017 to 2025. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $5,332,500 | 12 | | 2019 | $4,995,000 | 13 | | 2021 | $4,650,000 | 15 | | 2022 | $4,150,000 | 12 | | 2024 | $3,400,000 | 10 | | 2025 | $5,160,454 | 17 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Carnegie Hill instead. 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 1228 Madison Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1228-madison-avenue) ## Price and Property History for 1228 MADISON Avenue, Unit 7 Review the recorded listing activity for 1228 MADISON Avenue, Unit 7, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $999, or 0%, on June 26, 2026 - **Originally listed**: June 26, 2026 at $6,995,999 - **Current asking price**: $6,995,000 | Date | Price | Listing event | | --- | --- | --- | | June 26, 2026 | $6,995,000 | Asking price reduced by $999, or 0% | | June 26, 2026 | $6,995,999 | Listed for sale by Douglas Elliman Real Estate | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 13 apartments. The corporation’s 2026 property tax bill was $1,224,956 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 1228 Madison Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1228-madison-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1228 Madison Avenue Upper East Side · Stock Cooperative 1228 Madison Avenue, New York, NY 10128 A building in Upper East Side, currently featuring 2 active listings. - **Year Built**: 2021 - **Total Units**: 2 - **Floors**: 19 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1228-madison-avenue) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [7](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10128/1228-madison-avenue-7-ny-10128) | 4 | 4 | 3,136 sqft | $2,231 | $6,995,000 (-0.0%) | Douglas Elliman Real Estate | Jun 26, 2026 | 73 days | | [FLOOR4](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10128/1228-madison-avenue-floor4-FLOOR4-ny-10128) | 4 | 4 | 3,136 sqft | $2,025 | $6,350,000 — In contract | Douglas Elliman Real Estate | Feb 18, 2026 | 201 days | ## Estimated Monthly Payment **$53,578 / month**, assuming a 20% down payment ($1,399,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $35,371 - **Common Charges**: $18,207 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) ## Carnegie Hill Overview of Carnegie Hill [Explore Carnegie Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Carnegie Hill - [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park) - [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island) - [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side) - [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) ## Related Links - [1228 Madison Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/1228-madison-avenue) - [Carnegie Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill) - [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.