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1016 Madison Ave, Estate of the Day

This latest blockbuster piece of real estate to hit the market in New York City is located on upper Madison. The seven-story 12,000+/- sq. ft. townhouse has its original architectural details. Inside there is a large central staircase and elevator. The home has investment and retail potential. It has been home to a high-end rug shop and an art galley. This amazing property is listed at $48 million. After the jump, just a tease of the grand scale of this home.

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