← Back to search
Photography available after free registration below
Virtual Drive-By

Citibank Modified

1275 Madison Ave · New York City, NY 10128 · Banking / Financial

Asking price
$14,000,000
Cap rate
NOI (derived)

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeModified
Term remaining
Expiration06/2027
Rent bumps
OptionsTwo additional 5-year options
Ground lease
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF6,750
Price / SF$2,074
Year built
Lot size
TypeStorefront, Bank
Days on market159

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Top performing Citibank Branch location
  • ​Long Term Citibank Tenancy (over 25 years)
  • ​Current lease runs through June 2027 with two additional 5-year options
  • ​Excellent co-tenancies along Madison Avenue Corridor
  • ​High Per Capita Income area

Property overview

Retail Condominium for Sale at the wrap around corner of 91st Street and Madison Avenue in the prime Upper East Side.​ The property features an existing cash flow with a Citibank lease in place.​ The property is located near major transportation hubs and benefits from excellent co-tenancies along the Madison Avenue Corridor and a high per capita income area.​

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.

Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.