James NelsonSeasoned Real Estate Leader Driving Multi-Billion Dollar Sales

809 Madison Avenue #propertyinvestment #realestate #realestateinvesting #investing

2 Aug 2024

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Short video monologue (August 2024) presenting a prime condo conversion opportunity at 809-11 Madison Avenue (corner of E 68th St) on the Upper East Side. The speaker describes a 12-story-plus-penthouse building delivered vacant above the second floor, ~38,000 gross sq ft, protected southern views in a historic district, and market expectations (pipeline of three conversions totaling 116 units; projected sellouts over $3,000 per sq ft).

Questions this video answers

809-11 Madison Avenue (corner of East 68th Street).

12 stories plus penthouse.

Floors two and above delivered vacant.

Approximately 38,000 gross square feet.

Three conversions in the pipeline totaling 116 units.

Hi everyone. I'm here at 809-11 Madison Ave. On the corner of East 68th Street. This 12 story plus penthouse property floors two and above delivered vacant and this is a prime conversion opportunity. Yes the retail on Madison Avenue has been sold off but we have the side street on East 68th street which includes the cafe and an entrance for your lobby to access these floors above in total 38,000 gross square feet. Now on the historic Upper east side here there's only three condo conversion opportunities right now in the pipeline for a total of 116 units. So will not surprise you that we're confident that you can generate over $3,000 a foot sellouts. You got to check out the views. Certainly you're seeing them up here on the roof deck and because this is in a historic district when you're looking to the south of the building you're looking over five story buildings so your southern views are protected and up here there's light and air on four sides. For more.