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540 Madison Ave, New York, NY 10022

A 39-story office building built in 1970 with approximately 258,511 rentable square feet.

Space SizeContact for details
Property Size258,511 SF
Days on Market1234

Property Features for 540 Madison Ave

General Information

Standard status Active
Size 258,511 SF
Property subtype OFFICE

Building Details

Year Built 1970
Stories 39
Building Size 258,511 SF
Listing Agency: Cushman & Wakefield | Midtown Manhattan
Listed By: Ron Lo Russo
Source: Moodyscre
Added: Mar 22, 2023 Changed: Jul 30 Last Checked: Aug 5 at 10:33AM

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 office building is a 39-story structure built in 1970. It offers approximately 258,511 rentable square feet, supporting a range of office tenant needs.

Located at 540 Madison Ave in New York, the building is positioned for businesses seeking a high-rise office presence.

With its established building footprint and meaningful rentable area, the property may be suitable for office users looking for space within a multi-story downtown-style office structure.

Key Highlights

  • 39‑story office building built in 1970
  • Approximately 258,511 rentable square feet
  • Multi‑story high‑rise office configuration

Property Analytics

Current Use

FitechGelb Construction Company de Gunzburg Myeloma ... Medical Clinic PACIFIC GENERAL Accounting Firm Burgess (Bike/Boat/Book/etc) Store Bank of East Asia Bank

Suggested Use

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

$64.2 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
34,730 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 - A 39-story office building built in 1970 with approximately 258,511 rentable square feet.
Where is this office building located?
The property is located at 540 Madison Ave New York, NY.
What are key features of this property?
This property features: 39‑story office building built in 1970; Approximately 258,511 rentable square feet; Multi‑story high‑rise office configuration
(212) 841-7979 Call to check price and availability
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