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127 Madison Ave APT 4, New York, NY, 10016

2beds
2baths
1,557sqft
$2,000,000
$1,285price/sqft
$13,901/moest. monthly cost
$556,040/yrincome needed

About This Home

M127 is a celebration of materiality and history -- a 1920 prewar boutique condo reimagined through progressive design, with seven full-floor simplexes and two duplex penthouses. The building's architecture bridges old-world character with modern precision, resulting in residences that feel both grounded and refined. Positioned on the fourth floor of this intimate nine-unit SHoP Architects-designed building, the apartment offers 1,577 square feet of thoughtfully designed living space accessible through a private keyed elevator. In addition to being one of NoMad's most architecturally distinctive buildings, M127 offers its residents scale, low carrying costs ($2.40 PSF), and privacy that a boutique full-floor layout affords. The open chef's kitchen is outfitted by Schiffini, the timeless Italian kitchen designer, and features a SubZero refrigerator, Bosch appliances, a built-in Miele espresso maker, and Carrara marble countertops. The bathrooms are appointed with Axor faucets and Bisazza tiles. The building, which boasts a newly renovated lobby, is located by Madison Square Park, the location places residents at the intersection of NoMad, Flatiron, and Gramercy, with seamless access to the city's finest dining, culture, and transit. Taxes can be reduced by 17.5% through the primary condo abatement.

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
88
BikeVery Bikeable

Schools

5/10
8/10
Jhs 104 Simon BaruchGrades 6-80.7 mi

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 1,557
  • Total interior livable area: 1,557 sqft

Property

Details

  • Parcel number: 008601204
  • Special condition: Resale

Features

  • Has view: Yes
  • View description: City

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Hurricane
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,113$121,356
Home Insurance *$2,348$28,176
Property Taxes $1,183$14,196
Electricity $257$3,087
Total$13,901$166,812
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$476,605/yr
40% on housing$417,030/yr
45% on housing$370,693/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,285This listing

vs Other Active Listings

Avg $/sqft

ZIP 10016$997
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10016$1,230
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-10Listed for sale$2,000,000
2023-02-23Sold$1,550,000
2008-06-02Sold$1,650,000

For Sale by Agent

AgentKaran Chopra
BrokerageDouglas Elliman

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