Madison Park Apartments
1831 Madison Avenue, Manhattan, NY 10035
Overview
Madison Park Apartments is a 128-unit co-op in Manhattan.
- Offering plan: Accepted December 2001
- Prices: $28.3 million in all
- Sponsor: Madison Park Development Associates, LLC, represented by Seiden & Schein, P.C.
- Subway: 7-minute walk to 116 St (6); 9 minutes to 125 St (4, 5, 6)
- Amendments: 7, the latest in October 2013
- Units
- 128 residential
- Subway
- 7 min walk to 116 St 6125 St 4 5 6, 9 min
- Offering price
- $28.3 million total
- SubmittedAugust 2001
- AcceptedDecember 2001
- 7 amendments
Property Taxes
The city's tax bill for this co-op building, and any tax breaks.
The estimate, city bills and tax breaksSee it free →The Building
Amendments
Amendment 7 Oct 25, 2013
This Seventh Amendment raises the price of unsold Unit 81 to $530,000.00, revises the escrow and purchase agreement terms, changes the Sponsor's notice address, and updates the cooperative's financial, budget, and board information.
- Purchase Price of unsold Unit 81 increased to $530,000.00
- Escrow regulations revised: Attorney General no longer adjudicates disputes over deposits for purchasers without a fully executed Purchase Agreement
- Purchase Agreement replaced with revised form attached as Exhibit "C"
- Sponsor's notice address changed to 150 Myrtle Avenue, 2nd Floor, Brooklyn, NY 11201
- Unit 81 monthly Maintenance Charges $1,127.58, with special assessment of $101.15 through March 2014
- Maintenance Charges for Tenant-Shareholders $6.75 per share per month
- Financial statements for 2011-2012 (Exhibit "A") and 2013 budget (Exhibit "B") attached
- Board members listed; none affiliated with Sponsor
Amendment 6 Sep 13, 2011
This amendment raises the price of unsold Unit 81 to $525,000.00 and updates the cooperative's projected 2011 deficit, budget, and sponsor financial disclosures.
- Purchase price of unsold Residential Unit 81 raised to $525,000.00
- Apartment Corporation projected to run at a deficit of $99,366.00 for calendar year 2011
- 2011 budget attached as Exhibit B; 2007-2010 financial statements attached as Exhibit A
- Monthly maintenance charges for unsold Unit 81 stated as $1,089.45
- Maintenance charges payable by tenant-shareholders stated as "$5.99% per share per month" (as printed), same as budgeted in the Plan
- Unsold Unit 81 (182 unsold shares, 1.21% of shares) is vacant
- Sponsor disclosed as holding more than 10% of shares or units in The Toren Condominium, 150 Myrtle Avenue, Brooklyn, NY
Team
- Sponsor
- Madison Park Development Associates, LLC
- Counsel
- Seiden & Schein, P.C.
- General contractor
- BFC ConstructionHeld the general construction permit on DOB job 102481985
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7-2
Today's zoning, from city data (PLUTO 26v2).
Nearby
- Patagonia0.2 mi · 30 units · 2022
- 159 East 118th Street Condominium0.2 mi · 12 units · 2022
- 152 East 116th Street Owners Hdfc0.3 mi · 9 units · 2019
- Kalahari Condominium0.3 mi · 249 units · 1 parking · 2006
- Roche Residencies Condominium0.3 mi · 3 units · 2024
- Normandie Condominium0.3 mi · 25 units · 2004
Free in ChatGPT or Claude
Ask Claude or ChatGPT about Madison Park Apartments
The fastest way to know any condo or co-op
Get Connected →