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Rent/Lease Apartment 242-246 Madison Ave

Nearby Sublease office Spaces for Rent

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Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

Nearby office Spaces for Rent

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Fifth Ave & East 38th Street $ 42
3,800
$ 13,300
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Retail Spaces for Rent at 242-246 Madison Ave

Rent Retail 242-246 Madison Ave

Rent Medical Space at 242-246 Madison Ave

Nearby Office Tenants Leased
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
  • Berkely College leased 94,669 SF at 12 East 41st St
  • Geller & Co. leased 94,000 SF at 909 Third Ave
  • International Rescue Com… leased 88,384 SF at 122 East 42nd St
Nearby Retail Tenants Leased
  • FILA leased 4,087 SF at 340 Madison Ave
  • RFR Realty leased 4,066 SF at 275 Madison Avenue
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • CTSH LLC Deli leased 3,800 SF at 633 Third Ave
  • Panache Lingerie leased 3,800 SF at 286 Madison Avenue
  • Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
  • 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
  • Staples leased 3,556 SF at 261 Madison Ave
  • Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
  • Ricky's leased 3,500 SF at 550 Fifth Ave
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Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 242-246 Madison Ave. This trend is projected to continue. Opportunities for subleases remain available at 242-246 Madison Ave and in the nearby Bryant Park neighborhood.
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242-246 Madison Ave nyc
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242-246 Madison Ave Property Overview

Building Address: 242-246 Madison Ave, New York NY 10016
Building Name: Murray Hill Plaza
Zip Code:10016
Neighborhood:Bryant Park
Borough:Manhattan
Stories:0
Year Built:1916
Building Class:B

242-246 Madison Avenue, located in the heart of Manhattan's Murray Hill neighborhood, is home to the historic Murray Hill Plaza. This building, situated at the southwest corner of Madison Avenue and East 38th Street, reflects a momentous period in New York City's architectural and commercial development.

Originally built in 1930, the structure reflects the era's architectural styles and has since been integrated into the vibrant fabric of the neighborhood. The building has housed various businesses over the years, including the corner store at 244 Madison Avenue, which was formerly occupied by the Moonstruck Restaurant for nearly two decades.

The area itself is steeped in history, with significant cultural and commercial developments contributing to its evolution. The building's construction during the early 20th century aligns with a broader period of urban growth in New York City.

Today, 242-246 Madison Avenue remains a significant landmark in the Murray Hill neighborhood, offering a glimpse into the city's rich past while continuing to play a role in its contemporary landscape.

242-246 Madison Ave, Manhattan, NYC

Address: 242-246 Madison Ave, New York, NY 10016

Building Details

  • Common Names: Murray Hill Plaza
  • Property Type: Cooperative/Multifamily
  • Built: 1916-1930 (sources vary)
  • Size: 142,836 sqft total
  • Units: 180 apartments
  • Features: Hi-rise with doorman, roof terrace, elevator, laundry
  • Neighborhood: Bryant Park/Murray Hill area
  • Notable Retail: Former Moonstruck Restaurant space (2,500-8,500 sqft available)

Key Characteristics

  • Structure: Cooperative building with retail at street level
  • Zillow Data: $279/sqft price estimate (residential)
  • Rent: ~$3,825/mo (Zestimate)
  • Class: B office space classification

Building Amenities at 242-246 Madison Ave:
  • 24-hour Doorman
  • Controlled Access
  • Laundry Facilities
  • Property Manager on Site
  • Rooftop Terrace
  • Elevator
  • Maintenance on Site
  • Public Transportation Nearby

242-246 Madison Ave, Manhattan, NYC

Office Tenants Rented / Leased

The property at 242-246 Madison Avenue is a high-rise multifamily cooperative building totaling approximately 142,836 square feet. It includes 180 units and offers various amenities such as 24-hour access, controlled access, laundry facilities, a doorman, elevator service, on-site property management, and public transportation connectivity.

The corner retail space at 244 Madison Avenue, formerly occupied by Moonstruck Restaurant for 17 years, is fully built out with venting and a storage mezzanine suited for food preparation, located at the southwest corner of Madison and 38th Street.

The building serves primarily as a cooperative residential property but also leases retail spaces at street level with features suitable for restaurant or retail tenants.


Internet Providers at 242-246 Madison Ave, Manhattan

  • Verizon Fios: High-speed fiber starting at 300 Mbps

Additional options likely include cable providers like Spectrum or Astound Broadband powered by RCN. Contact local providers for service availability and plans.


242-246 Madison Avenue in Manhattan, NYC, offers convenient access to several transportation options. It is near key cross streets and public transit hubs, including:

  • Subway Lines: 4, 5, 6, 7, and the 42 St Shuttle.
  • Nearest Subway Stops: 33 Street (4, 6 Line), Grand Central-42 St, and 5 Avenue-Bryant Park (7 Line).
  • Bus Routes: BM2, M42, M55, QM34, QM40, QM42, X27, X28, X37, X38.
  • Proximity to Major Stations: Grand Central Terminal and its related branches.

The area is highly walkable and bikeable, providing easy access to various parts of Manhattan.

Nearby Office Tenants Leased
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
  • Berkely College leased 94,669 SF at 12 East 41st St
  • Geller & Co. leased 94,000 SF at 909 Third Ave
  • International Rescue Com… leased 88,384 SF at 122 East 42nd St

Nearby Retail Tenants Leased
  • FILA leased 4,087 SF at 340 Madison Ave
  • RFR Realty leased 4,066 SF at 275 Madison Avenue
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • CTSH LLC Deli leased 3,800 SF at 633 Third Ave
  • Panache Lingerie leased 3,800 SF at 286 Madison Avenue
  • Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
  • 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
  • Staples leased 3,556 SF at 261 Madison Ave
  • Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
  • Ricky's leased 3,500 SF at 550 Fifth Ave
Nearby Office Tenants Leased
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
  • Berkely College leased 94,669 SF at 12 East 41st St
  • Geller & Co. leased 94,000 SF at 909 Third Ave
  • International Rescue Com… leased 88,384 SF at 122 East 42nd St
Nearby Retail Tenants Leased
  • FILA leased 4,087 SF at 340 Madison Ave
  • RFR Realty leased 4,066 SF at 275 Madison Avenue
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • CTSH LLC Deli leased 3,800 SF at 633 Third Ave
  • Panache Lingerie leased 3,800 SF at 286 Madison Avenue
  • Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
  • 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
  • Staples leased 3,556 SF at 261 Madison Ave
  • Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
  • Ricky's leased 3,500 SF at 550 Fifth Ave

Vaultus Professional Service Testimonial

Vaultus Professional Service testimonial To whom it may concern: I have had the opportunity to work with "Optimal Spaces" (specifically, Stephen Sunderland) over the last 18 months. Steve was hired to find a reasonably priced lease for corporate office space that would support our highly professional environment. I considered this to be a significant challenge since Manhattan was experiencing a severe shortage in available professional spaces. Honestly, I was expecting to be "sold" a space that would not meet all of our needs. However, in a short period of time, Stephen found a tower-floor space that exceeded my expectations and that was approximately 25% below the current market rates for comparable space. The most important aspect of working with Stephen is the level to which I can trust him to act in my best interest. I believe that Stephen possesses extensive knowledge of the real estate market and negotiation, is responsive, and performs his work in a highly professional manner. I am impressed by Stephen's sincere desire to understand his clients' needs. It is clear to me that Stephen is most interested in building mutually beneficial business relationships with his clients -- not the commissions they represent. I am happy to recommend "Optimal Spaces" to other growing businesses, and I look forward to working with "Optimal Spaces" again. Sincerely, Joseph J. Tutrone Vice President Vaultus Professional Service
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
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  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
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Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.
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