A remarkable and unique opportunity to own a newly gut renovated Carnegie Hill townhouse. Located just one block off Central Park, 1318 Madison is just steps away from luxury boutiques, famous landmarks, museums, and excellent schools.

The townhouse is unique in that it affords a user the ability to live in a gorgeous house and own a boutique retail store. This is a one of a kind house for a one of a kind buyer, which offers a residential and a commercial component, making it interesting and unique. The electric and plumbing in the residential portion of the house was completely redone.

The townhouse blends a wealth of architecturally stunning details with all the comforts of a modern home. The twelve-foot ceilings and side windows combine for an overabundance of natural light. The floor flows seamlessly with a raised den/ living room facing Madison Ave and continues on towards the transitional Canadian kitchen by the rear terrace. The kitchen features Wolf appliances and a Subzero refrigerator and wine cooler. The cabinetry has slow closing draws, and high-end walnut finished interiors. The newly created half bathroom on the first floor boasts custom made Canadian cabinetry, Carrara Marble stonework, and a waterfall faucet. Such details speak to the exceptional quality and craftsmanship of the house.

The steps up to the second floor are made of original 100+ year old oak. The process of restoring the original staircase took many months and required an incredible amount of talent, focus, and detail. The staircase adds character and authenticity to the townhouse.

Up the steps are the living room/ media room (which could also be an additional bedroom) and master bedroom. The master bedroom has its own private terrace, as well as a custom-made walk-through closet. The master bathroom features two German made Dornbracht shower heads and a Dornbracht faucet. The bathroom has heated floors, a Toto toilet, Canadian cabinetry, and features Arabescato Carrara Marble.

On the top floor reside two bedrooms and two bathrooms as well as a laundry room. The easternmost bathroom features Persian white Marble, an American made MTI Andrea 6 bathtub, and a glass top white lacquered finished vanity from Spain. It also features a Dornbracht faucet and shower head. The bathroom in the rear is designed like a spa. The porcelain tiles and cabinetry are sourced from Porcelanosa - and a Toto toilet and Dornbracht shower head can be found as well.

Leveled White American Oak floors throughout the house. The building structure was reinforced and insulation was added between floors. Leveled oak floors is truly a luxury rarely found in old Manhattan townhouses. Nest thermostats on each floor control the house's central AC and forced air. The AC condensers sit on the brand-new roof. There is one condenser for each floor. The heat is gas based with air handlers on each floor as well.

Smart house options are limitless. Every room in the house has multiple Cat-five connections as well as phone hookups and wiring to alarm windows. Already featured is a WiFi activated Heos surround sound system. There are three camera's (while more can be added) that feed into both a cell phone app and two high end monitors. Because of all the wiring, TV's are capable of being mounted directly on the wall without a cable box or any wires showing. Any state-of-the-art alarm system can be installed cleanly - without running new wiring. The options are limitless.

The townhouse comprises of the following spaces:

- The residential section is 2,684 square feet - The retail is 1,300 sf - The basement offers an additional 850 sf In addition, there are two private terraces that combine to over 400 square feet.

Own a total of 5,000 sf for less than 10MM, at around $1,950 per s/f.

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Building Features 4 Floors1 Units


Unit Features


$9,600,000 / $1,920 per ft²

Listed on Feb 18, 2020

78 Days on Market

4 Beds / 4.0 Baths / 5,000 ft²

Total Monthly expenses: $6,062

Maintenance: - / R.E. Taxes $6,062

Other Details:

Mixed Use (1-6 Family)

Lot Size: 16.0' x 87.75' Built: 16.0' x 54.0'

Zoning: S1-5, S9

Exclusively listed with: Compass Source: RLS

Sofia Falleroni

(347) 446-9088

Listing Courtesy of Compass View Listing

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