23 East 22nd Street · Flatiron NoMad · Condo · Built 2010 · 53 units · 60 stories · CetraRuddy (exterior); Yabu Pushelberg (interiors); Rem Koolhaas/OMA (original amenity concept)
CondoBuilt 2010Pets allowedFull-time
77
MF Score
One of the slenderest skyscrapers on earth, rising 60 stories above Madison Square Park — extraordinary architecture, extraordinary views, and an investment track record that demands a more honest conversation than the address usually gets.
One Madison New York City is the kind of building that makes you catch your breath — 621 feet of glass rising like a blade above Madison Square Park, one of the most arresting residential silhouettes in Manhattan. If you want floor-to-ceiling views, fewer than two neighbors per floor, and an amenity package that includes a 50-foot lap pool and a private screening room, there is genuinely nothing else like it in this neighborhood.
But before you fall in love with the views, you need to know what the building's most prominent owner actually experienced: Rupert Murdoch bought the triplex penthouse for $43 million in 2014 and sold it in December 2024 for $23.8 million — a $19.2 million loss on a decade-long hold. That is not a footnote. That is the most documented luxury transaction in this building's history, and it matters to any buyer evaluating One Madison as an investment.
The public records are genuinely clean — just one minor Class B HPD lighting violation from 2017, zero open DOB violations, zero complaints, zero litigation. Management is clearly professional. The location is unimpeachable: Madison Square Park is directly across the street, the N/R/W is one block away, Times Square is 9 minutes by subway.
The honest trade-off: with fewer than 55 units and only a handful of sales per year, resale liquidity is a real constraint. One unit sat on the market for 819 days before selling at a 14.7% discount. If your horizon is short or you need certainty of exit, that deserves serious weight before you sign.
Pros and cons
Pros
+ Madison Square Park directly across the street — one of downtown Manhattan's strongest locations
+ Zero open DOB violations and just one minor 2017 HPD lighting violation — spotless record
+ No co-op board approval — cash, LLC, foreign, and pied-à-terre buyers all welcome
+ Fewer than 2 units per floor — genuine privacy that larger buildings cannot replicate
+ 10,000+ sqft of amenities including 50-foot lap pool, screening room, and steam room
Cons
− Rupert Murdoch lost $19M on the penthouse — trophy pricing does not guarantee appreciation
− Only ~53 units with 2–5 sales per year — resale liquidity is genuinely constrained
− Original developer went bankrupt — review offering plan and financials thoroughly
− No building parking — nearest garages are off-site on 24th and 25th Streets
− Lower floors absorb significant 23rd Street traffic noise — visit weekday mornings before deciding
Approx. low end — varies by unit. Use the calculator below to add your mortgage.
~$5,993/mo
Common charges and tax figures shown are sourced from current active listings and vary by unit size and floor. Verify all figures with building management, the offering plan, and your attorney before closing. MeetFlatiron makes no representations as to the accuracy of financial figures shown.
Payment calculator
Purchase price$3,500,000
Down payment20%
Interest rate6.75%
Principal and interest—
Common charges (enter your unit's figure)$/mo
Property taxes (enter your unit's figure)$/mo
Total monthly—
For illustrative purposes only. Common charges and taxes vary by unit — verify exact figures with building management. Actual mortgage rates vary by lender. Consult your lender for accurate rates and terms.
Red flag —
One Madison's original developer, Slazer Enterprises, was forced into bankruptcy in June 2010 amid allegations of fraud after construction halted with the building incomplete. The project sat dormant for three years before Related Companies, CIM Group, and HFZ Capital acquired and completed it. While Related delivered a genuine luxury product, buyers should request the full offering plan filed with the NY Attorney General and review the building's current financial statements carefully. Additionally, with only ~53 units and thin annual trading volume, resale liquidity is a genuine risk — one unit sat on the market for 819 days before selling at a 14.7% discount from ask.
What agents won't tell you
Board dynamics
One Madison is a condominium — there is no board approval process, no financial package, and no board interview. The condo board holds only a standard right of first refusal, almost never exercised. Cash buyers, foreign nationals, LLC purchasers, pied-à-terre buyers, and investors face no structural obstacles. Contract-to-close timelines reflect mortgage underwriting and title work only.
What it's actually like to live here
One Madison's livability is almost entirely determined by which floor and exposure you choose. Above the 30th floor, the building is genuinely one of the quietest and most spectacular living environments in Manhattan — at that height, street noise disappears and you are left with 360-degree views encompassing Madison Square Park, the Empire State Building, both rivers, and on clear days, the Statue of Liberty. Below floor 20, the building sits at a busy crosstown intersection and lower floors absorb meaningful street noise that listing sheets rarely acknowledge. The seven pop-out glass cube elements create the building's distinctive silhouette — units within these cubes have glass on three sides, which is visually extraordinary but may feel exposed to some buyers. No more than two units per floor ensures corridor-level privacy that larger buildings simply cannot replicate.
Services and amenities
Full-time
Concierge
Elevator
Gym
Swimming pool
Outdoor space
Storage space
Live-in super
Hardwood floors
Central air
Washer/dryer in unit
Dishwasher
Pets allowed
No Roof deck
No Parking
Pet policy: Cats and dogs allowed. Verify specific breed or weight restrictions with building management before closing.
Amenity information sourced from building listings and public records. Amenities are subject to change — verify current offerings with building management before closing.
Transit
23rd St (Broadway)
NRW
~1 block
23rd St (Park Ave South)
6
~2 blocks
28th St (Broadway)
NRW
~3 blocks
23rd St (6th Ave)
FM
~3 blocks
28th St (Park Ave South)
6
~4 blocks
Walk Score 100Transit Score 100Bike Score 91Source: Walk Score
Commute times from this building
Destination
🚶 Walk
🚇 Subway
Lines
The Flatiron Building (175 Fifth Ave)
3 min
N/A
Walk only
Midtown (47th & Park Ave)
32 min
10 min
6 to Grand Central-42 St
Hudson Yards (30th & 10th Ave)
29 min
22 min
Walk or N/R/W + walk
World Trade Center (Fulton St)
56 min
18 min
6 + 4/5/6 to Fulton St
Times Square (42nd & Broadway)
27 min
9 min
N/R/W to Times Sq-42 St
Grand Central (42nd & Park Ave)
25 min
9 min
6 to Grand Central-42 St
Door-to-door estimates via Google Maps transit directions. Times reflect typical weekday conditions.Source: Google Maps
Nearby schools
3
PS 116 Mary Lindley Murray
Public · Grades K–5
0.4 mi
8
IS 104 Simon Baruch
Public · Grades 6–8
0.5 mi
9
NYC Lab School
Public · Grades 6–12
0.8 mi
Nearby colleges: Baruch College (0.4 mi), Parsons/The New School (0.5 mi), FIT (0.5 mi), SVA (0.7 mi), NYU (0.8 mi)
School ratings sourced from GreatSchools and are subject to change. School zone boundaries are not guaranteed — verify current zoning directly with NYC DOE at myschools.nyc before purchasing.
Noise Level
Loud
Overall noise level
70/100 noise score
Primary source: 23rd Street traffic and local street activity — HowLoud rates traffic Busy and local sources Busy, with airports Calm. Upper floors above 30 are substantially insulated from street noise by height.
23 East 22nd Street falls under the 13th Precinct — as safe as Manhattan gets. The south end of Madison Square Park is heavily foot-trafficked day and night by park visitors, hotel guests, and Eataly shoppers. The building's 24-hour doorman and concierge provide an additional security layer. Standard Manhattan street awareness applies after midnight on 23rd Street.
🚗
Parking
One Madison has no building parking. The nearest garages are on 24th and 25th Streets east of Park Avenue South — monthly rates typically run $500–$650. Ask the concierge which operators have reserved monthly spots available. Street parking on 22nd and 23rd Streets is extremely competitive.
📦
Storage
Storage units are available in the building — confirm availability and pricing with management before closing. With only 53 total units, storage is limited. If your unit does not include storage, ask about the waitlist immediately.
🛒
Grocery and daily errands
Eataly at 200 Fifth Avenue is essentially next door — spectacular for prepared foods and wine, impractical for a weekly grocery run. Whole Foods on 24th Street is a 10-minute walk. Trader Joe's on 21st Street is 12 minutes. Delis on 23rd Street are open late for basics.
🔊
Noise and street life
One Madison's noise profile is dramatically different by floor. Above the 30th floor, height insulates you from street noise almost completely. Below floor 20, 23rd Street carries real crosstown traffic volume at a busy intersection. If you are considering a lower-floor unit, visit between 7–9am on a weekday before deciding.
🚇
Getting around
The N/R/W at 23rd Street on Broadway is one block away — Times Square in 9 minutes, Midtown in 10. The 6 at 23rd Street on Park Avenue South gives direct Grand Central access in 9 minutes. For the West Side, the F/M at 23rd and Sixth is a 3-block walk. Citi Bike docks at Madison Square Park are well-stocked on weekday mornings.
No active permits as of April 2026. Source: NYC DOB BIS.
Last DOB inspection: 2026-04-18 — 1 Class B HPD violation (exterior lighting, 2017). Zero DOB violations.
Climate & Flood Risk
Minimal
Flood Risk Level
Zone X — Minimal Flood Risk
FEMA Flood Map Designation
NYC DOB confirms 23 East 22nd Street is not located in any tidal wetlands, freshwater wetlands, coastal erosion, or special flood hazard area. Zone X indicates minimal flood risk — no special flood insurance required for conventional mortgages.
Source: FEMA Flood Map Service Center (msc.fema.gov)
What to ask before buying
1.What is the current reserve fund balance and can I see the last three years of board meeting minutes — particularly any discussion of capital expenditures or special assessments?
2.Given the building's bankruptcy history, what warranties survive from the original offering plan, and has the building experienced any structural or mechanical issues since 2013?
3.For lower-floor units: can I visit on a weekday morning between 7–9am to assess actual noise levels from 23rd Street before making a decision?
4.What are the exact common charges and taxes for this specific unit — and have there been any special assessments since 2013?
5.What percentage of units are currently owner-occupied versus rented or vacant, and are any units owned by institutional investors?
6.For units in the glass pop-out cube sections: how does triple-glass exposure affect heating and cooling costs, and what is the privacy situation at lower floors?
One Madison's investment story is more nuanced than its address suggests. The building's most documented transaction — Rupert Murdoch's triplex penthouse — sold in December 2024 for $23.75 million, nearly $20 million below his 2014 purchase price of $43 million. Tom Brady and Gisele Bündchen fared better: they bought Unit 48 for $11.7 million in 2014 and sold for approximately $13.9 million in 2018 — a modest gain after a long listing period. Based on confirmed ACRIS/StreetEasy closed sales, average prices by year are: 2022 ~$9.4M (5 sales), 2021 ~$7.9M (5 sales), 2024 ~$9.5M (4 sales, heavily skewed by $23.75M penthouse). The range of outcomes reflects One Madison's fundamental dynamic: with fewer than 55 units and typically 2–5 sales per year, individual results vary enormously by floor, exposure, and timing.
Past appreciation is not a guarantee of future performance. Real estate values fluctuate. All investment decisions should be made with independent financial and legal advice.
Sale price history
2024
$9.51M avg
4 sales
2023
$11.61M avg
1 sales
2022
$9.39M avg
5 sales
2021
$7.85M avg
5 sales
2025
$3.90M avg
1 sales
Source: NYC ACRIS · Past sales are not indicative of future value.
Building history timeline
2006
Construction Begins
Ground breaks on what was initially called 'The Saya,' planned at 47 stories. Renamed 'One Madison Park' at groundbreaking. Developer: Slazer Enterprises.
2010
Topped Out — Then Halted
Building reaches full 60-story height at 621 feet. Sales halt as developer Slazer Enterprises is forced into bankruptcy by creditors amid allegations of fraud. Building sits incomplete for three years.
2012–2013
Rescued by Related
Related Companies, CIM Group, and HFZ Capital acquire the stalled project with approximately 55 unsold units. Construction completes. Sales resume under the name 'One Madison.'
2014
Celebrity Sales
By February, 75% of units sold. Rupert Murdoch purchases the triplex penthouse plus Unit 57B for a combined ~$57.5 million. Tom Brady and Gisele Bündchen purchase Unit 48 for $11.7 million.
2018
Brady/Bündchen Exit
Tom Brady and Gisele Bündchen sell Unit 48 for approximately $13.9 million after listing at $17.25 million in 2016. Source: NY Post, 6sqft.
2022
Murdoch Lists — Unit 57B Sells
Murdoch lists PH triplex for $62 million. Unit 57B sells October 2022 for $12.5 million — a $2.5M loss from ask. Source: The Real Deal.
2024
Murdoch Penthouse Sells at Deep Loss
PH triplex closes December 2024 for $23.75 million — $19.25 million below Murdoch's 2014 purchase price of $43 million. Source: The Real Deal, Crain's.
Notable residents
TB
Tom Brady & Gisele Bündchen
NFL quarterback and supermodel · 2014–2018 (Unit 48)
One Madison is a condominium. There is no board approval process — buyers do not submit financial packages, sit for interviews, or risk rejection. Cash buyers, foreign nationals, LLC purchasers, and pied-à-terre buyers face no structural obstacles.
What subway lines are near 23 East 22nd Street?
One Madison has exceptional transit access. The N, R, and W trains at 23rd Street on Broadway are approximately one block away. The 6 train at 23rd Street on Park Avenue South is two blocks east. The F and M trains at 23rd Street on Sixth Avenue are three blocks west — four different subway lines within a 5-minute walk.
Who are the notable residents of One Madison?
Tom Brady and Gisele Bündchen purchased Unit 48 for $11.7 million in 2014 and sold for approximately $13.9 million in 2018 — confirmed via ACRIS and reported by the NY Post and 6sqft. Rupert Murdoch purchased the triplex penthouse and Unit 57B for a combined ~$57.5 million in 2014. He sold Unit 57B in October 2022 for $12.5 million and the penthouse in December 2024 for $23.75 million — nearly $20 million below his purchase price. Source: The Real Deal, Crain's.
What happened with One Madison's development history?
Construction began in 2006 under original developer Slazer Enterprises. The building topped out at 60 stories in 2010 but was forced into bankruptcy amid financial difficulties and allegations of fraud. Related Companies, CIM Group, and HFZ Capital acquired the project in 2012–2013, completed construction, and resumed sales. By February 2014, 75% of units had been sold.
What amenities does One Madison offer?
One Madison's amenity package — 'The One Club' — includes a 50-foot indoor lap pool, glass-enclosed steam room overlooking Madison Square Park, fitness center with yoga room, private dining room with catering kitchen, lounge and parlor with billiards table, private screening room, and a children's playroom. The building has 24-hour full-time doorman and concierge service.
Explore the neighborhood
Everything you need to know about living in Flatiron NoMad — restaurants, history, things to do, and the honest local guide.
