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Rent/Lease Office 261 Madison Ave

Lease Office 261 Madison Ave

$ / SF SF Monthly Rent
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$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Fifth Ave & East 44th Street $ 65
13,500
$ 73,125
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 54
12,900
$ 58,587
5th Ave & East 44th Street $ 70
9,600
$ 55,600
Park Ave & East 45th Street $ 100
9,700
$ 80,833
E 42nd St & Lexington Avenue $ 40
55,700
$ 183,345
Address $ / SF SF Monthly Rent
Park Ave & East 39th Street $ 99
4,200
$ 34,650
Fifth Ave & East 44th Street $ 50
3,300
$ 13,750
E 42nd St & Lexington Avenue $ 49
4,800
$ 19,600
5th Ave & East 44th Street $ 70
7,000
$ 40,541
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Lexington Ave & East 41st Street $ 25
7,300
$ 15,056
Address $ / SF SF Monthly Rent
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
E 42nd St & Lexington Avenue $ 51
4,800
$ 20,400
Lexington Ave & East 41st Street $ 26
5,600
$ 12,250
Madison Ave & East 40th Street $ 59
4,200
$ 20,562
E 41st St & Fifth Avenue $ 47
2,700
$ 10,575
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
Lexington Ave & East 40th Street $ 41
2,100
$ 7,175
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
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

Address $ / SF SF Monthly Rent
Vanderbilt Ave & East 43rd Street $ 125
15,800
$ 164,583
Fifth Ave & East 46th Street $ 69
11,400
$ 65,550
Park Ave & East 41st Avenue $ 175
12,200
$ 177,916
Lexington Ave & East 42nd Street $ 69
7,400
$ 42,550
Third Ave & East 40th Street $ 60
27,700
$ 138,500
Park Ave & East 39th Street $ 105
12,400
$ 108,500
E 42nd St & Lexington Avenue $ 69
28,500
$ 163,875
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Madison Ave & East 45th Street $ 85
14,200
$ 100,583
E 42nd St & Madison Avenue $ 84
12,700
$ 88,900
Address $ / SF SF Monthly Rent
Park Ave & East 40th Street $ 98
3,200
$ 26,133
E 45th St & Lexington Avenue $ 81
4,300
$ 29,025
Lexington Ave & East 42nd Street $ 67
4,000
$ 22,333
Third Ave & East 42nd Street $ 70
5,500
$ 32,083
E 42nd St & Lexington Avenue $ 58
4,100
$ 19,816
Vanderbilt Ave & East 44th Street $ 49
5,300
$ 21,641
Third Ave & East 41st Street $ 55
5,100
$ 23,375
Third Ave & East 41st Street $ 70
4,800
$ 28,000
Third Ave & Between East 44th Street $ 65
4,800
$ 26,000
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Third Ave & East 39th Street $ 70
4,700
$ 27,416
Address $ / SF SF Monthly Rent
E 45th St & Lexington Avenue $ 75
2,400
$ 15,000
Lexington Ave & East 42nd Street $ 61
1,500
$ 7,625
Park Ave & East 41st Street $ 85
2,300
$ 16,291
E 44th St & East 44th Street $ 82
2,300
$ 15,716
Lexington Ave & East 41st Street $ 57
1,500
$ 7,125
Third Ave & East 41st Street $ 55
1,700
$ 7,791
Address $ / SF SF Monthly Rent
Fifth Ave & East 42nd Street $ 58
7,400
$ 35,766
E 42nd St & Park Avenue $ 59
9,700
$ 47,691
E 42nd St & Lexington Avenue $ 64
8,400
$ 44,800
Madison Ave & East 40th Street $ 65
14,600
$ 79,083
Vanderbilt Ave & East 44th Street $ 80
8,100
$ 54,337
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
E 44th St & Third Avenue $ 58
8,400
$ 40,600
E 45th St & Third Avenue $ 48
7,100
$ 28,400
Madison Ave & East 40th Street $ 58
16,000
$ 78,000
Address $ / SF SF Monthly Rent
E 45th St & Third Avenue $ 48
5,000
$ 20,000
Madison Ave & East 40th Street $ 56
6,900
$ 32,200
E 44th St & Third Avenue $ 48
4,500
$ 18,000
E 41st St & Fifth Avenue $ 50
4,000
$ 16,666
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
Madison Ave & East 40th Street $ 76
3,600
$ 22,950
Madison Ave & East 41st Avenue $ 58
5,700
$ 27,312
Madison Ave & East 41st Avenue $ 62
2,600
$ 13,541
Lexington Ave & East 41st Street $ 62
3,700
$ 18,962
Vanderbilt Ave & East 44th Street $ 52
4,000
$ 17,166
Fifth Ave & East 45th Street $ 84
6,800
$ 47,600
Third Ave & Between East 44th Street $ 68
4,800
$ 27,000
E 42nd St & Lexington Avenue $ 56
3,300
$ 15,537
Address $ / SF SF Monthly Rent
E 46th St & Fifth Avenue $ 132
2,000
$ 22,000
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
Lexington Ave & East 40th Street $ 43
2,100
$ 7,525
Fifth Ave & East 42nd Street $ 60
1,600
$ 8,000
Lexington Ave & East 44th Street $ 55
1,500
$ 6,875
E 42nd St & Lexington Avenue $ 61
2,200
$ 11,183
E 42nd St & Madison Avenue $ 69
2,100
$ 12,075
Second Ave & East 43rd Street $ 59
2,300
$ 11,308
Madison Ave & East 39th Street $ 52
1,900
$ 8,233
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 84
9,200
$ 64,016
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 39
7,900
$ 25,675
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 85
6,000
$ 42,500
E 40th St & Lexington Avenue $ 50
3,000
$ 12,500
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 50
1,600
$ 6,733

Retail Spaces for Rent at 261 Madison Ave

Rent Medical Space at 261 Madison Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 261 Madison Avenue. This trend is projected to continue. Opportunities for subleases remain available at 261 Madison Avenue and in the nearby Grand Central neighborhood.
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261 Madison Avenue nyc
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261 Madison Avenue Property Overview

Building Address: 261 Madison Ave, New York NY 10016
Building Alternate Address: 261 Madison Ave
Zip Code:10016
Neighborhood:Grand Central
Borough:Manhattan
Stories:28
Year Built:1954
Building Class:A
Block & lot:00868-0025

261 Madison Avenue, located in the Murray Hill neighborhood of Manhattan, New York City, is a significant building with a rich history. Completed in 1954, it stands as a notable example of mid-century architecture in the area.

The building is classified as an office building with or without commercial spaces, categorized as "Office Only with or without Commercial - 20 Stories or More (O4)" by the city's building codes. It features 27 stories, offering substantial space for various office and commercial activities.

Over the years, the building has undergone several transactions and renovations, with the most recent alterations noted in 2023 and 2024. Its current tax assessor's market value is approximately $110,292,000, reflecting its importance in the Manhattan real estate market.

Historically, the building has been involved in multiple real estate transactions, including sales and financings, highlighting its significance in the local commercial property sector.

261 Madison Avenue, New York, NY 10016, is a prominent office building located in the Murray Hill neighborhood of Manhattan, NYC. It is also known by its secondary address as 21-23 E 38th St. The building was constructed in 1954 and underwent alterations in 2013. It stands 27 stories tall and offers a total of approximately 383,934 square feet of office space.

The building is situated near major transportation hubs, including Grand Central Terminal, and is surrounded by unique restaurants and amenities. Its location provides easy access to public transportation and is close to notable landmarks like Bryant Park.


261 Madison Avenue offers a range of amenities including:

  • 24/7 Access
  • Wellness Room
  • Phone Booths
  • Office Supplies
  • Fast, Secure Wi-Fi
  • Community Events
  • Professional-Grade Cleaning
  • Mail & Packaging
  • Daily Breakfast & Snacks
  • Weekly Happy Hours
  • Dedicated On-Site Staff
  • Unlimited Color Printing
  • Industrious App
  • Retail Options
  • Dining Options
  • Renovated Lobby
  • Fully Furnished Spaces
  • Kitchen Facilities
  • Meeting Rooms
  • Gym

261 Madison Avenue in Manhattan, NYC, is home to several notable office tenants:

  • Industrious
  • RR Donnelley
  • RoC Cosmetics
  • Canon Business Services
  • GFT Global
  • Allergan USA
  • Knotel
  • Target Health

Internet Providers at 261 Madison Ave, Manhattan, NYC:

  • Verizon Fios: Known for high speeds up to 2 Gbps and reliable service.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with competitive pricing.
  • Spectrum: Provides widespread coverage with speeds up to 1 Gbps.

261 Madison Ave, Manhattan, NYC is conveniently located near several transportation options:

  • Bus: BXM4, M42, M55, Q32, QM18
  • Train: BABYLON BRANCH, HARLEM, PATH
  • Subway: 4, M, S, 5, 6

Nearest bus stops include Madison Av/E 38 St and Madison Av/E 37 St.

Nearest subway station is Grand Central-42 St, a 3-minute walk.

Nearest train station is Grand Central, a 5-minute walk.

Cross streets are East 38th Street and East 37th Street.


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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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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 –
Tenant Broker

✓
  • 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.
  • Specialized real estate expertise.

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?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
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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