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Rent/Lease Office 261 Madison Ave

Lease Office 261 Madison Ave

Rent Sublease Office at 261 Madison Ave

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 $ 55
12,900
$ 59,125
5th Ave & East 44th Street $ 70
9,600
$ 56,400
Park Ave & East 45th Street $ 98
9,700
$ 79,216
E 42nd St & Lexington Avenue $ 40
55,700
$ 185,666
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
Lexington Ave & East 41st Street $ 63
3,800
$ 19,950
5th Ave & East 44th Street $ 71
7,000
$ 41,416
Park Ave & East 40th Street $ 66
4,300
$ 23,650
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Park Ave & East 40th Street $ 68
2,000
$ 11,250
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 $ 52
4,800
$ 20,800
Lexington Ave & East 41st Street $ 27
5,600
$ 12,716
Madison Ave & East 40th Street $ 59
4,200
$ 20,562
E 41st St & Fifth Avenue $ 47
2,700
$ 10,575
Fifth Ave & East 45th Street $ 54
3,400
$ 15,300
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
Tipo de espacio Clase A/mes Clase B/mes Clase C/mes
Oficina con ventana/persona
Oficina interior/persona
Salas de equipo
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 40th Street $ 63
3,600
$ 18,900
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 $ 65
8,400
$ 45,500
Madison Ave & East 40th Street $ 66
14,600
$ 79,691
Vanderbilt Ave & East 44th Street $ 79
8,100
$ 53,325
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 $ 59
16,000
$ 78,666
Address $ / SF SF Monthly Rent
E 41st St & Fifth Avenue $ 59
5,300
$ 26,058
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 $ 45
3,500
$ 13,125
Madison Ave & East 40th Street $ 75
3,600
$ 22,500
Madison Ave & East 41st Avenue $ 56
5,700
$ 26,600
Madison Ave & East 41st Avenue $ 61
2,600
$ 13,216
Lexington Ave & East 41st Street $ 60
3,700
$ 18,500
Vanderbilt Ave & East 44th Street $ 50
4,000
$ 16,666
Fifth Ave & East 45th Street $ 84
6,800
$ 47,600
Third Ave & Between East 44th Street $ 66
4,800
$ 26,400
E 42nd St & Lexington Avenue $ 55
3,300
$ 15,125
Address $ / SF SF Monthly Rent
E 46th St & Fifth Avenue $ 132
2,000
$ 22,000
E 45th St & Third Avenue $ 47
1,700
$ 6,658
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
$ 64,400
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 40
7,900
$ 26,004
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 84
6,000
$ 41,750
E 40th St & Lexington Avenue $ 48
3,000
$ 12,125
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 50
1,600
$ 6,733

Retail Spaces for Rent at 261 Madison Ave

Rent Retail 261 Madison Ave

Rent Medical Space at 261 Madison Ave

Office Tenants Rented / Leased 261 Madison Avenue
  • The Sapir Organization leased 10,761 SF
  • The Law Office of Ali Najmi leased 3,006 SF
  • Maya Murphy, P.C. leased 1,047 SF
  • Zuma leased 24,653 SF
  • Usi Insurance leased 24,408 SF
  • Canon Business Process S… leased 24,408 SF
  • Adweek leased 24,000 SF
  • Aftra Health & Retirement… leased 24,000 SF
  • Industrious leased 43,874 SF
  • New World Design Builder… leased 6,000 SF
Retail Tenants Rented / Leased 261 Madison Avenue
  • Staples leased 3,556 SF
Nearby Office Tenants Leased
  • 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
  • TIAA-CREF leased 85,481 SF at 750 Third Ave
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
  • Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
  • Ricky's leased 3,500 SF at 550 Fifth Ave
  • New York Mutual Trading Co. leased 3,100 SF at 711 Third Ave
$ / SF SF Monthly Rent
Please notify me when a new space is available
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.

Office Tenants Rented / Leased 261 Madison Avenue
  • The Sapir Organization leased 10,761 SF
  • The Law Office of Ali Najmi leased 3,006 SF
  • Maya Murphy, P.C. leased 1,047 SF
  • Zuma leased 24,653 SF
  • Usi Insurance leased 24,408 SF
  • Canon Business Process S… leased 24,408 SF
  • Adweek leased 24,000 SF
  • Aftra Health & Retirement… leased 24,000 SF
  • Industrious leased 43,874 SF
  • New World Design Builder… leased 6,000 SF

Retail Tenants Rented / Leased 261 Madison Avenue
  • Staples leased 3,556 SF
Nearby Office Tenants Leased
  • 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
  • TIAA-CREF leased 85,481 SF at 750 Third Ave

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
  • Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
  • Ricky's leased 3,500 SF at 550 Fifth Ave
  • New York Mutual Trading Co. leased 3,100 SF at 711 Third Ave
Office Tenants Rented / Leased 261 Madison Avenue
  • The Sapir Organization leased 10,761 SF
  • The Law Office of Ali Najmi leased 3,006 SF
  • Maya Murphy, P.C. leased 1,047 SF
  • Zuma leased 24,653 SF
  • Usi Insurance leased 24,408 SF
  • Canon Business Process S… leased 24,408 SF
  • Adweek leased 24,000 SF
  • Aftra Health & Retirement… leased 24,000 SF
  • Industrious leased 43,874 SF
  • New World Design Builder… leased 6,000 SF
Retail Tenants Rented / Leased 261 Madison Avenue
  • Staples leased 3,556 SF
Nearby Office Tenants Leased
  • 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
  • TIAA-CREF leased 85,481 SF at 750 Third Ave
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
  • Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
  • Ricky's leased 3,500 SF at 550 Fifth Ave
  • New York Mutual Trading Co. leased 3,100 SF at 711 Third Ave

RZO Advisory Group Testimonial

RZO Advisory Group testimonial To Whom It May Concern: Steve Sunderland acted as our real estate broker in relocation of this firm's 12,000 square feet of office space. While that may seem like a relatively easy task, given our requirements, it was anything but. After giving Mr. Sunderland a prospective location radius of onlny three blocks and a request for 75% of the offices to be windowed, he took us to numerous potential locations. Much to our surprise and delight, no visit was ever a waste of our time. Mr. Sunderland knew what he wanted and needed. He never showed us properties that would not work for the firm. After several weeks of searching, our situation caused us to put our search on hold. It was a couple of years before we resumed. I'm happy to say that Mr. Sunderland picked up with the same enthusiasm he had previously shown. Even after we had signed our new lease, Mr. Sunderland stayed in touch with us as well as our landlord to be sure that our work letter was adhered to. If you are looking for commercial space, I could not give Mr. Sunderland a higher recommendation. He was courteous and always professional throughout a long and sometimes difficult process. If you wish to contact me, please feel free to call at the number above. Sincerely, William Zysblat
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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?
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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Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
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