High-Rise Office
For Lease
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540 Madison Ave, New York, NY 10022
High-rise office building offering substantial rentable space and built in 1970.
Space Size7,050 SF
Property Size258,511 SF
Days on Market907
Property Features for 540 Madison Ave
General Information
Standard status
Active
Size
7,050 SF
Property subtype
OFFICE
Lease Type
Gross
Building Details
Year Built
1970
Stories
39
Building Size
258,511 SF
Spaces For Lease
at 540 Madison Ave Contact us- Floor
- 36
- Size
- 7,050 SF
- Type
- OFFICE
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
540 Madison Ave $130/SF/Yr
- A 39-story structure with approximately 258,511 rentable square feet, built in...
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Listing Agency:
Cushman & Wakefield | Midtown Manhattan
(212) 841-7500
Listed By:
Ron Lo Russo
(212) 841-7979
Source:
Moodyscre
Added: Apr 1, 2024
Changed: Sep 16
Last Checked: Sep 22 at 9:57PM
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 Cushman & Wakefield | Midtown Manhattan
Investment Insights
Based on property information with market context.
This high-rise office building features approximately 258,511 rentable square feet and a 39-story structure, built in 1970. The scale and layout are designed to support a range of office tenancy needs within a full-service vertical building.
The property is located at 540 Madison Ave, New York, NY 10022. Its downtown-style, high-rise format supports efficient use of rentable space and provides a centralized workplace option for office users seeking a well-established building footprint.
With its large rentable square footage and mature construction date, the building offers a substantial platform for tenants looking for space within a prominent mid-to-high-rise office environment.
The property is located at 540 Madison Ave, New York, NY 10022. Its downtown-style, high-rise format supports efficient use of rentable space and provides a centralized workplace option for office users seeking a well-established building footprint.
With its large rentable square footage and mature construction date, the building offers a substantial platform for tenants looking for space within a prominent mid-to-high-rise office environment.
Key Highlights
- Approximately 258,511 rentable square feet
- 39‑story office building
- Built in 1970
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$19.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
69,193
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for New York, NY
$53.75 /SF/Yr
Avg Asking Price
$37–$79 /SF/Yr
Price Range
42,003 SF
Avg Space Size
This space is priced 142% above the average of $53.75 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - High-rise office building offering substantial rentable space and built in 1970.
Where is this office building located?
The property is located at 540 Madison Ave New York, NY.
What is the lease rate?
The lease rate is $130 SF/Yr.
What are key features of this property?
This property features: Approximately 258,511 rentable square feet; 39‑story office building; Built in 1970
