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    488 Madison Ave New York, NY 10022

    Sponsored
    For Lease
    Contact for pricing

    Prestigious Midtown Manhattan Office Space

    Lot size:
    384,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    488 Madison Avenue offers exceptional executive office space in the heart of Midtown Manhattan. This iconic 24-story building, originally designed in 1949 by Emery Roth & Sons, boasts 384,000 square feet of space and features a stunning white brick façade, recently renovated to maintain its original character while incorporating modern updates. Six suites are available, ranging from 968 to 21,797 contiguous square feet, providing flexibility for various business needs. The building offers a prestigious address, overlooking St. Patrick's Cathedral and within easy walking distance of Grand Central Terminal. Amenities include a renovated marble lobby, 24/7 access, updated elevators, and a new retail façade. The high ceilings (10'6") and full-floor identity options cater to discerning tenants. With its prime location, abundant natural light, and modern conveniences, 488 Madison Avenue provides an unparalleled work environment in one of New York City's most desirable addresses. Currently, 62,763 square feet of space is vacant, offering immediate occupancy opportunities. The building's rich history as home to notable publishing and communications firms adds to its prestige and appeal. This is a rare opportunity to secure space in a landmark building with a legacy of success. The building's location provides unparalleled access to area businesses, restaurants, shopping, hotels, and mass transit.

    Property Features for 488 Madison Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    384,000 SF

    Building Details

    Year Built
    1949
    Stories
    24

    Unit(s) available at that property

    Space
    17th Fl, Ste 1706
    Size
    5,462 SF
    Space
    12th Fl, Ste 1200
    Size
    5,184 SF
    Space
    1st Floor Unit 101
    Size
    968 SF
    Space
    9th Fl, Ste 900
    Size
    21,797 SF
    Space
    Suite 2100
    Size
    6,498 SF
    Space
    Suite #1210
    Size
    5,586 SF

    HighLights

    • Extensive interior renovations, including a new lobby, retail façade, elevators, and operable windows.
    • Excellent Midtown Manhattan location between 51st and 52nd Streets, near St. Patrick's Cathedral and Grand Central Terminal.
    • 24/7 access, attended marble lobby, and full‑floor identity options available.
    • Six contiguous suites available, ranging from 968 to 21,797 square feet, with 62,763 square feet currently vacant.
    • High ceilings (10'6"), abundant natural light, and a prestigious tenant roster.
    • Close proximity to major subway lines (N, R, W, B, D, F, M, 6) and Grand Central Terminal/LIRR.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Food Market Grocery Store Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9751429
    Latitude
    40.7588954

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Midtown Manhattan Office Space
    Where is this office property / space located?
    The property is located at 488 Madison Ave New York, NY.
    What are key features of this property?
    This property features: Extensive interior renovations, including a new lobby, retail façade, elevators, and operable windows.; Excellent Midtown Manhattan location between 51st and 52nd Streets, near St. Patrick's Cathedral and Grand Central Terminal.; 24/7 access, attended marble lobby, and full-floor identity options available.
    Request Owner's contact information
    488 Madison Ave New York, NY 10022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    488 Madison Ave New York, NY 10022
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