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Office Space with Strong Transit Access
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501 Madison Ave, New York, NY 10022

For-lease office space totaling 8,938 square feet with convenient subway and rail access nearby.

Property Size8,938 SF
Days on Market338

Property Features for 501 Madison Ave

General Information

Standard status Active
Size 8,938 SF
Property subtype OFFICE
Listing Agency: Helmsley Spear
Listed By: Eric Lassoff
Source: Moodyscre
Added: Aug 29, 2025 Changed: Jul 28 Last Checked: Jul 31 at 10:56AM

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 Helmsley Spear

Investment Insights

Based on property information with market context.

This for-lease office space offers a total of 8,938 square feet. The property is well-suited for businesses seeking a Midtown office environment with straightforward access to mass transit.

Public transit connections include the E and M trains on 53rd Street between Madison and Fifth Avenues, the 6 train at 51st Street and Lexington Avenue, and the Grand Central North Entrance for Metro-North and LIRR at 48th Street and Madison Avenue.

The available space is offered as an office option within a transit-connected area, supported by multiple nearby rail and subway access points.

Key Highlights

  • For‑lease office space totaling 8,938 square feet
  • E and M subway trains nearby on 53rd Street between Madison and Fifth Avenues
  • 6 subway train nearby at 51st Street and Lexington Avenue

Property Analytics

Current Use

Randi Rahm (Bike/Boat/Book/etc) Store GRANDE MELA FILM Film Production NYC Periodontics and Implant ... Dental Office Laser Periodontal Associates ... Dental Office Top Periodontist in NYC Dental Office

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Pet Grooming Service Nursing Home Butcher Adult Day Care

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

69,193
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

$54.13 /SF/Yr
Avg Asking Price
$37–$65 /SF/Yr
Price Range
148,527 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 building - For-lease office space totaling 8,938 square feet with convenient subway and rail access nearby.
Where is this office building located?
The property is located at 501 Madison Ave New York, NY.
What are key features of this property?
This property features: For‑lease office space totaling 8,938 square feet; E and M subway trains nearby on 53rd Street between Madison and Fifth Avenues; 6 subway train nearby at 51st Street and Lexington Avenue
(917) 776-5909 Call to check price and availability
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