Posted Sep 21, 2025, 5:41 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,624
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NEW YORK | 809 Madison Ave | FT | FLOORS
https://therealdeal.com/new-york/2025/09...809-madison-avenue-for-condo-conversion/
Macklowe nabs Madison Ave site for next condo project
Developer to convert 809 Madison Avenue with Robert A.M. Stern
By Rich Bockmann
September 20, 2025
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He may be pushing 90, but Harry Macklowe is still mad for real estate.
The prolific developer just closed a deal to redevelop a 1920s-era apartment building on Madison Avenue into ultraluxury condos. Macklowe bought the limestone and brick building at 809 Madison on the Upper East Side’s “Gold Coast” from Churchill Real Estate Holdings for $49 million, sources told The Real Deal.
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The building, at the corner of East 68th Street, sits within the Upper East Side historic district and any changes to it would require approval from the Landmarks Preservation Commission.
Macklowe was able to get the LPC on board with his plans, sources said, which include using air rights he acquired to expand the building and convert it into large, 4,000-square-foot single-floor apartments. There will also be an expansive penthouse with a 1,500-square-foot terrace.
He is partnering with Abe and Scott Shnay’s SK Development on the conversion, which will be designed by Robert A.M. Stern and SLCE Architects.
Apartments are expected to sell for more than $20 million.
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