| $ / SF | SF | Monthly Rent |
|---|
| Address | $ / SF | SF | Monthly Rent |
|---|
| Address | $ / SF | SF | Monthly Rent |
|---|
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 36th Street | $ 39 | 2,000 |
$ 6,500 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 34th St & Fifth Avenue | $ 29 | 21,800 |
$ 52,683 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 37th St & Fifth Avenue | $ 43 | 5,100 |
$ 18,275 |
| Park Ave S & East 31st Street | $ 52 | 4,800 |
$ 20,800 |
| Address | $ / SF | SF | Monthly Rent |
|---|
| Address | $ / SF | SF | Monthly Rent |
|---|
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 36th Street | $ 39 | 5,900 |
$ 19,175 |
| Address | $ / SF | SF | Monthly Rent |
|---|
| Type of Space | Class A/month | Class B/month | Class C/month |
|---|---|---|---|
| Windowed office/person | $ 2100 | $ 1674 | $ 775 |
| Interior office/person | $ 1350 | $ 1174 | $ 525 |
| Team Rooms | $ 10100 | $ 8424 | $ 5025 |
| Suites | $ 20100 | $ 12424 | $ 7025 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Lexington Ave & East 31st Street | $ 59 | 11,800 |
$ 58,016 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Park Ave S & East 31st Street | $ 64 | 3,000 |
$ 16,000 |
| Park Ave & East 34th Street | $ 75 | 4,000 |
$ 25,000 |
| Fifth Ave & East 36th Street | $ 32 | 4,400 |
$ 11,916 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 36th Street | $ 52 | 2,400 |
$ 10,400 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 36th Street | $ 42 | 7,800 |
$ 27,300 |
| Fifth Ave & East 32nd Street | $ 51 | 8,000 |
$ 34,000 |
| Madison Ave & East 31st Street | $ 53 | 15,000 |
$ 66,250 |
| Madison Ave & East 33rd Street | $ 59 | 8,400 |
$ 41,300 |
| Lexington Ave & East 33rd Street | $ 46 | 8,300 |
$ 31,816 |
| Fifth Ave & East 37th Street | $ 50 | 11,000 |
$ 45,833 |
| Park Ave S & East 31st Street | $ 49 | 7,600 |
$ 31,033 |
| E 38th St & Fifth Avenue | $ 35 | 7,400 |
$ 21,583 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 32nd Street | $ 59 | 4,000 |
$ 19,666 |
| Madison Ave & East 37th Street | $ 55 | 5,000 |
$ 22,916 |
| E 37th St & Fifth Avenue | $ 43 | 5,100 |
$ 18,275 |
| Madison Ave & East 31st Street | $ 62 | 5,000 |
$ 25,833 |
| Madison Ave & East 33rd Street | $ 78 | 4,600 |
$ 29,900 |
| Madison Ave & East 35th Street | $ 42 | 2,600 |
$ 9,100 |
| Lexington Ave & East 33rd Street | $ 47 | 3,100 |
$ 12,141 |
| Fifth Ave & East 36th Street | $ 43 | 2,800 |
$ 10,033 |
| Park Ave S & East 31st Street | $ 46 | 5,200 |
$ 19,933 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 37th Street | $ 55 | 2,400 |
$ 11,000 |
| Fifth Ave & East 36th Street | $ 38 | 1,800 |
$ 5,700 |
| Madison Ave & East 33rd Street | $ 79 | 2,200 |
$ 14,483 |
| Madison Ave & East 35th Street | $ 42 | 1,800 |
$ 6,375 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 33rd St & Madison Avenue | $ 47 | 8,200 |
$ 32,116 |
| E 31st St & Madison Avenue | $ 45 | 7,300 |
$ 27,375 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 33rd St & Fifth Avenue | $ 58 | 3,000 |
$ 14,375 |
| E 32nd St & Between East 32nd Street | $ 50 | 5,500 |
$ 22,916 |
| E 33rd St & Madison Avenue | $ 49 | 4,100 |
$ 16,741 |
| E 31st St & Madison Avenue | $ 47 | 6,200 |
$ 24,283 |
| Fifth Ave & East 36th Street | $ 41 | 2,800 |
$ 9,566 |
| E 38th St & Fifth Avenue | $ 36 | 5,400 |
$ 16,425 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 31st St & Madison Avenue | $ 48 | 2,000 |
$ 8,000 |
| Building Address: | 149 Madison Ave, New York NY 10016 |
| Building Name: | The Steel Building |
| Building Alternate Address: | 149 Madison Ave |
| Zip Code: | 10016 |
| Neighborhood: | Murray Hill |
| Borough: | Manhattan |
| Stories: | 12 |
| Year Built: | 1916 |
| Building Class: | B |
| Block & lot: | 00861-0057 |
149 Madison Avenue, known as the Steel Building, is a notable 12-story commercial office building located at the southeast corner of Madison Avenue and East 32nd Street in Manhattan's NoMad district. Constructed in 1916 and designed by architect Henry C. Pelton, the building features a distinctive facade of dark brown masonry combined with gray concrete, enriched by detailed architectural elements that give it unique character.
The building comprises approximately 119,000 square feet of office and retail space. Its interior includes a picturesque lobby and provides tenants with 24/7 access supported by on-site management and a full-time professional attendant at the front desk. Situated in a vibrant part of New York City, it is just a few blocks south of the Empire State Building, with Madison Square Park about five blocks away, offering convenient recreational options.
Public transportation is readily accessible, with the 33rd Street subway station located less than 400 feet from the entrance, making the location highly desirable for businesses and tenants.
In 2017, Columbia Property Trust acquired 149 Madison Avenue for $87.7 million and undertook a comprehensive modernization project. The renovations aimed to preserve the building's original 1916 architectural character while upgrading infrastructure, interior spaces, exterior elements, and common areas to meet contemporary standards. The architectural firm Gensler was engaged to assist with repositioning the building as a modern boutique office property.
Despite significant investment, including nearly $16 million spent on redevelopment and upgrades, the building was sold in early 2023 for $77 million following the termination of a major tenant lease. The property remains a prominent example of early 20th-century commercial architecture adapted for modern use, continuing to offer extensive office space in one of Midtown South's thriving submarkets.
149 Madison Ave, Manhattan, NYC
Alternative Addresses:
Neighborhood: NoMad
Zip Code: 10016
Borough: Manhattan
Block & Lot: 00861-0057
General Information:
Acquisition Details:
The property was sold on February 6, 2023, for $77,000,000.
Key Features:
149 Madison Avenue is a luxury building in Midtown, Manhattan, offering a blend of classic layouts with modern amenities. Key features include:
149 Madison Avenue in Manhattan, NYC, has seen significant changes in its office tenants. Notably, WeWork was initially set to occupy the entire 115,000 square feet of office space but exited the lease in June 2020 due to financial struggles and the impact of the COVID-19 pandemic on office demand. As of recent reports, the building has been sold to Enchanté Accessories after Columbia Property Trust failed to secure new tenants following WeWork's departure. Other past notable tenants include Delshah Capital LLC and Clare Ultimo.
149 Madison Avenue in Manhattan, NYC, offers tenants access to multiple high-speed internet providers. The building holds a WiredScore Gold certification due to its excellent digital connectivity. Available providers include:
Additional providers can be accommodated thanks to the building's infrastructure, featuring diverse points of entry and telecommunications rooms, which support business-critical services and enable faster installation times.
Located at the intersection of Madison Avenue and East 32nd Street in Midtown Manhattan, 149 Madison Avenue benefits from excellent accessibility to public transportation and is close to several major transit hubs.
149 Madison Avenue is situated between East 32nd Street and East 33rd Street, with easy pedestrian access to these cross streets.
149 Madison Avenue is within walking distance of key Midtown transit hubs including Penn Station, Grand Central Terminal, and the Port Authority Bus Terminal, providing access to Metro North, Long Island Rail Road (LIRR), Amtrak, New Jersey PATH trains, and multiple subway lines.
The location's proximity to multiple subway lines and bus routes offers convenient commuter options across Manhattan, Brooklyn, Queens, and New Jersey. The upcoming Long Island Rail Road terminal beneath Grand Central will further enhance accessibility.
Why Optimal Spaces –
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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”)
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