# NEW YORK | 172 Madison Ave | 448 FT | 33 FLOORS **URL:** \ **Category:** Completed\ **Created:** [June 13, 2014, 5:59pm UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161 "2014-06-13T17:59:19Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![MrVenaCava](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mrvenacava/32/1526_2.png) [@MrVenaCava](https://forum.newyorkyimby.com/u/MrVenaCava)\ **Post date:** [June 13, 2014, 5:59pm UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/1 "2014-06-13T17:59:19Z")
## **[Tessler lines up $140M financing for NoMad condo project](http://therealdeal.com/blog/2014/05/07/tessler-lines-up-140m-financing-for-nomad-condo-project/)** **Construction on 70-unit tower to launch in June** May 07, 2014 04:55PM By Julie Strickland _From left: Yitzchak Tessler and 172 Madison Avenue_ > Developer Yitzchak Tessler secured approximately $141 million in financing for a planned condominium development at 172 Madison Avenue, The Real Deal has learned. > Boutique advisory firm Maverick Capital arranged the high-leverage construction loan, which accounts for roughly 85 percent of the projects total projected cost of $160 million, Managing Partner Adi Chugh told The Real Deal. > “Yitzchak is known for buying stuff way below market — he doesn’t get swayed by most people who say ‘I can sell everything for $3,000 per square a foot,” Chugh said. “He is very realistic in his buys, which makes him sleep well at night and makes financing attractive for lenders.” > Tessler confirmed that plans for the 110,000-square-foot site call for a condominium tower at least 40 stories high with 70 units — a slight uptick from the previously reported 31-story, 67-unit plan exam details. The property will offer a mix of one-, two-, three- and four-bedroom units, though an exact breakdown has not yet been determined. There will be six penthouse units as well, each roughly 4,000 square feet with 18-foot high ceilings, and featuring 360-degree views. The other apartment units will have 11-foot ceilings, Tessler said. Building amenities, to be situated on two basement floors, are to include a “long” swimming pool, gym, recreation room, bicycle room, storage and a pet wash room. > Construction is slated to kick off in June, and is scheduled for completion within 24 months. > Tessler bought the 110,000-square-foot site at the corner of Madison Avenue and 33rd Street in September for $55 million out of a bankruptcy sale. The developer agreed to pay off debt and fees owed to CIM Group, which had previously partnered with NMP with a deal to develop the site. NMP bought the site in 2007 but fell into default by 2011. ---
**Author:** ![MrVenaCava](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mrvenacava/32/1526_2.png) [@MrVenaCava](https://forum.newyorkyimby.com/u/MrVenaCava)\ **Post date:** [September 20, 2014, 3:45am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/2 "2014-09-20T03:45:58Z")
## [Semi-Revealed: 172 Madison Avenue](https://www.newyorkyimby.com/2014/09/semi-revealed-172-madison-avenue.html) BY: NIKOLAI FEDAK ON SEPTEMBER 19TH 2014 AT 6:20 AM ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/1/3/13f35a8f02ac98aa26884989d3017da2397ff182.jpeg) _172 Madison Avenue_ > 172 Madison Avenue has seen several proposals come and go, but now, drawings have finally been posted for the future 31-story building, which sits just above 33rd Street. Permits, partially approved earlier this month, list Karl Fischer as the architect of record, and Yitzchak Tessler as the developer. The images come courtesy of a tipster, who notes that excavation has also begun. ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/b/8/b89654384fe9c4ae1ce95b2b2fe9b370a7c9128c.jpeg) _172 Madison Avenue_ > In total, the tower will span 129,442 square feet, including a 4,523 square foot commercial component. The remainder will be split between 67 residences, and with floor-plans averaging approximately 2,000 square feet, condominiums would appear to be likely. > 172 Madison Avenue is located in a prime corridor for new construction, just to the north of 160 Madison Avenue, which recently topped-out. Tessler’s building will be of a slightly smaller scale, but the design for 172 should be more appealing from a pedestrian perspective. A short base manages to keep the street-wall semi-intact, and setbacks for the bulk of the tower are minor. Zoning diagrams illustrate additional facade details, though intricacies have yet to be fully illuminated by actual renderings. ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/5/c/5cc73dad51fd0450f97123b571f8c7c04805482c.jpeg) _172 Madison Avenue_ > 172 Madison’s highest occupied floor will stand 391 feet tall, while the tower’s mechanicals — which surround a rooftop pool — will extend the pinnacle to just shy of 450 feet. Ceiling heights will start at 11 feet, increasing to 18 feet for the top five floors. > Whether Karl Fischer serves as the design architect remains to be seen, but the on-site drawing shows significant changes compared to previous proposals. With dirt moving and partial permit approvals secured, construction seems to be a go, though no formal completion date has been announced. ---
**Author:** ![chris08876](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/chris08876/32/1617_2.png) [@chris08876](https://forum.newyorkyimby.com/u/chris08876)\ **Post date:** [April 16, 2015, 1:34am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/3 "2015-04-16T01:34:42Z")
Credit: LondoniumLex ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [September 21, 2015, 12:59am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/4 "2015-09-21T00:59:41Z")
![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/5/5d674f83ed303af9beb59c5257da0d4f83201259.jpg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/5/5d674f83ed303af9beb59c5257da0d4f83201259.jpg)O ---
**Author:** ![MrVenaCava](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mrvenacava/32/1526_2.png) [@MrVenaCava](https://forum.newyorkyimby.com/u/MrVenaCava)\ **Post date:** [September 21, 2015, 1:14am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/5 "2015-09-21T01:14:21Z")
> **[172 MADISON](http://172madisonave.com/)** > > 172 Madison is a new luxury condominium in New York City. 33 Floors, 4 Penthouses, 1 Mansion & the Sky House. Just steps from Madison Square Park, the Flatiron District, Gramercy Park and NoMad,in one of Manhattan’s liveliest neighborhoods. ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/f/9/f9860ae21f54b68d14db8d58153e7fc78b1b8dd5.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/a/c/ace692da8dab20ec82dfde5b67c113f2dc10a8d1.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/f/3/f347bcfc1463c87da5bf2261b6c4ab69544d56dc.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/7/1/7137a2eeaf276bd2b1cc9caaed295402fb2fe0a6.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/8/5/85aac0bcece2eacb64eb23a39575e38704753a56.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/b/f/bfd696e6a6270256afce78bdfc5866eff765f37c.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/c/9/c9364441594be03091b8596afdc760859c177299.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/6/3/63214154e1ba21c675fb8c95cd71d67a5a1186d9.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/b/8/b8219119e25ca2dadf077be260d2d442f747d570.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/7/4/74dc220866188e4de3756a4ea0be99972b5db59d.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/a/3/a3c059df49f63b262180a1248b3721283aa6761b.jpeg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/d/7/d74aa9412c1fb883cea5139eed9082968bff3209.jpeg) [http://172madisonave.com/pdf/172-floor-plans-the\_mansion.pdf](http://172madisonave.com/pdf/172-floor-plans-the_mansion.pdf) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [October 23, 2015, 1:32am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/6 "2015-10-23T01:32:31Z")
Today ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/d/d0b5b7ca70ff500903572b49e8a6ab2c85c3b0ce.jpg) ---
**Author:** ![Vertical\_Gotham](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/vertical_gotham/32/4525_2.png) [@Vertical\_Gotham](https://forum.newyorkyimby.com/u/Vertical_Gotham)\ **Post date:** [October 30, 2015, 3:39am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/7 "2015-10-30T03:39:32Z")
10/28 [](http://i.pinimg.com/640x/f6/ca/52/f6ca52742f4fe5939db47ac5d035fb26.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [October 31, 2015, 1:13am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/8 "2015-10-31T01:13:38Z")
Great photo, VG! ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [November 12, 2015, 11:02pm UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/9 "2015-11-12T23:02:49Z")
The glass is ok. ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/8/870ace3fe6529bb6851c1df628dd7b72fe091d0a.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [November 17, 2015, 3:22am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/10 "2015-11-17T03:22:24Z")
Today ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/9/9d5d090d52187fcf93dab90eaa3da6b099ae327d.jpg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/7/7e1fae83379262bfa02728f4e6e1ca5f93c9636f.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [November 21, 2015, 2:10am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/11 "2015-11-21T02:10:39Z")
Today ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/a/ab37c7a1e18c6741b869712c6a040305da132315.jpg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/e/eda9a3ab626e0562b1bcd06f5537df39bb806576.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 4, 2015, 4:09pm UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/12 "2015-12-04T16:09:08Z")
I hope the two, junky, lowrise buildings on the corner across the street come Down soon! Today ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/0/0da279fd9dc3bf7ad19038820f9581c5efa25723.jpg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/4/4bd567bccf51240c13a786efa5ffc249a03c8a44.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 9, 2015, 1:08am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/13 "2015-12-09T01:08:44Z")
I look forward to seeing the vertical black granite applied to the surface. Today ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/f/fa581a25990c72d3073dbfe31d59687fafecb98f.jpg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/b/b4b70b98de1fdd868f9bd3393eb801ee5a135899.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 11, 2015, 2:42am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/14 "2015-12-11T02:42:58Z")
Today ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/0/06e22121998cb2da19ae43eeb70d1220ebe92d5f.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 15, 2015, 12:04am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/15 "2015-12-15T00:04:46Z")
Dec 14, 2015 Uploading… ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 15, 2015, 12:06am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/16 "2015-12-15T00:06:34Z")
Dec 14, 2015 ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/e/e4aa85db7fc3cb6b0afa6e7f2097293e06b066db.jpg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/4/46060e47563b8e1f3ebca6be10c3ecaa2c4e9aec.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 22, 2015, 4:18am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/17 "2015-12-22T04:18:03Z")
Today ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/7/77e090631ef718617c3ca953b006cbbdb89efc7d.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 22, 2015, 6:29am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/18 "2015-12-22T06:29:42Z")
Today ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/7/77e090631ef718617c3ca953b006cbbdb89efc7d.jpg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/e/ec439973b66b55373a1fc758700a02d312870c56.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [December 30, 2015, 6:50pm UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/19 "2015-12-30T18:50:51Z")
Dec 30, 2015 ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/5/5e43f90747e421937f8df48795f28c2d2dd6816e.jpg) ![](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/2X/4/41cf9ccb01c1a370154e8f81d6cf25748312e7b8.jpg) ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [January 6, 2016, 2:08am UTC](https://forum.newyorkyimby.com/t/new-york-172-madison-ave-448-ft-33-floors/161/20 "2016-01-06T02:08:35Z")
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