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Office Building with Updated Lobby
For Lease
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171-173 Madison Ave, New York, NY 10016

Full-floor and partial-floor leasing options offer flexibility in office configuration.

Space SizeContact for details
Days on Market10

Property Features for 171-173 Madison Ave

General Information

Standard status Active
Class B
Elevators Yes
Property subtype Office

Additional Details

Space Use Office
Public Transit Yes

Amenities

new lobby
refreshed building entrance
ample natural light
exposure on three sides

Building Details

Year Built 1918

Spaces For Lease

at 171-173 Madison Ave Contact us

#1

Availability
Active
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Listing Agency: RI Manhattan Realty
Listed By: Robert Isaacs · License #NY
Source: Crexi
Added: Sep 17 Changed: Sep 24 Last Checked: Sep 26 at 3:54AM

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 RI Manhattan Realty

Investment Insights

Based on property information with market context.

Known as the Lewittes Building, this Madison Avenue office property was designed by William H. Gompert and completed in 1918. Leasing is available by full floor or partial floor. Recent work includes a redesigned lobby and entrance, along with upgraded elevators. Windows on three sides bring natural light into the building, whose exterior features a neo-classical brick design with detailed masonry.

The property is one block from the Empire State Building and the 6 train. Grand Central Station is also nearby. Dining options in the surrounding area include Le Pain Quotidien, Korea Town eateries, and restaurants in NoMad.

Key Highlights

  • Designed by William H. Gompert; completed in 1918
  • Full‑floor and partial‑floor leasing options
  • Natural light from windows on three sides

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Nursing Home Pet Grooming Service Buffet Clothing & Fashion Store Veterinary Clinic Parking Lot & Garage

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

16,930
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Lease Benchmarks for New York, NY

$49.63 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
12,933 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 - Full-floor and partial-floor leasing options offer flexibility in office configuration.
Where is this office units located?
The property is located at 171-173 Madison Ave New York, NY.
What are key features of this property?
This property features: Designed by William H. Gompert; completed in 1918; Full‑floor and partial‑floor leasing options; Natural light from windows on three sides
(917) 346-6517 Call to check price and availability
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