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Renovated Office Units
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488 Madison Ave, New York, NY 10022

Renovated office units with operable windows, elevators, and 24-hour, seven-day building access.

Space SizeContact for details
Property Size21,797 SF
Days on Market1521

Property Features for 488 Madison Ave

General Information

Standard status Active
Size 21,797 SF
Elevators Yes
Property subtype OFFICE

Additional Details

Public Transit Yes

Amenities

attended marble lobby
24 hour access
operable windows
Listing Agency: The Feil Organization - Corporate
Listed By: Timothy Parlante
Source: Moodyscre
Added: Jun 6, 2022 Changed: Jul 31 Last Checked: Aug 4 at 7:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Feil Organization - Corporate

Investment Insights

Based on property information with market context.

This 21,797-square-foot office property features extensive interior renovations, including a new building lobby, retail facade, operable windows, and elevators. The building also includes an attended marble lobby, full-floor identity, and 24-hour, seven-day access. Formerly known as the Look Building, the property offers a renovated setting for office occupancy in a multi-tenant commercial building.

The property is located at 488 Madison Ave in Midtown New York, between 51st and 52nd Streets. It is in close proximity to trains and bus lines, providing access to surrounding transit connections. The building’s improvements and office-oriented configuration support a range of professional workplace requirements.

Key Highlights

  • 21,797‑square‑foot office property
  • Extensive interior renovations include a new lobby, retail facade, operable windows, and elevators
  • Attended marble lobby

Property Analytics

Current Use

Gottbetter & Partners Llp Law Firm Stuart Rosenblum PC Law Firm Simon Jacques Attorneys ... Law Firm Anthony Ellis Law Firm Arnott Maria A Law Firm

Suggested Use

Top Pick Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Auto Parts Store Adult Day Care Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

85,823
Businesses Nearby

Demographics for 10022, NY

36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value

Market

Lease Benchmarks for New York, NY

$47.13 /SF/Yr
Avg Asking Price
$4.17–$109 /SF/Yr
Price Range
11,202 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Renovated office units with operable windows, elevators, and 24-hour, seven-day building access.
Where is this office units located?
The property is located at 488 Madison Ave New York, NY.
What are key features of this property?
This property features: 21,797‑square‑foot office property; Extensive interior renovations include a new lobby, retail facade, operable windows, and elevators; Attended marble lobby
(212) 609-8666 Call to check price and availability
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