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Property profile & analytics

488 Madison Ave New York, NY 10022

  • Office buildings
  • 391,114 SF
  • 0.50 lot acres
Value Estimation
Location Intelligence
Property ID
US63-3136724
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Gottbetter & Partners Llp / Attorney
  • Stuart Rosenblum PC / Attorney
  • Simon Jacques Attorneys At Law / Attorney
  • Anthony Ellis / Attorney
  • Arnott Maria A / Attorney

Property Details for 488 Madison Ave

Year built
1950
Lot size
0.50 lot acres
Property size
391,114 SF
Zone code
C5-3
Property type
Office buildings
APN
01287-0014
APU
12870014

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9752
Latitude
40.7589
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,249,704
$14,445,000
$45,696,050
$60,141,050
-
$32,100,000
$99,020,000
$131,120,000
More about this property
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