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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 / Yr 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 $ 70.5
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 / Yr 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 / Yr SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Park Ave & East 40th Street $ 67.5
2,000
$ 11,250
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Lexington Ave & East 41st Street $ 24.75
7,300
$ 15,056
Address $ / SF / Yr SF Monthly Rent
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
Fifth Ave & East 44th Street $ 51.5
3,300
$ 14,162
E 42nd St & Lexington Avenue $ 52
4,800
$ 20,800
Lexington Ave & East 41st Street $ 27.25
5,600
$ 12,716
Madison Ave & East 40th Street $ 58.75
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 / Yr SF Monthly Rent
Fifth Ave & East 45th Street $ 51.5
2,100
$ 9,012
Lexington Ave & East 40th Street $ 41
2,100
$ 7,175
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr 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 / Yr 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 Street $ 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 / Yr 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 / Yr 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
Lexington Ave & East 41st Street $ 57
1,500
$ 7,125
Third Ave & East 41st Street $ 55
1,700
$ 7,791
Address $ / SF / Yr 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 $ 65.5
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 / Yr 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 Street $ 56
5,700
$ 26,600
Madison Ave & East 41st Street $ 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 / Yr 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 Street $ 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 / Yr 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 $ 39.5
7,900
$ 26,004
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 83.5
6,000
$ 41,750
E 40th St & Lexington Avenue $ 48.5
3,000
$ 12,125
Address $ / SF / Yr SF Monthly Rent
E 40th St & Lexington Avenue $ 50.5
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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Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

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

Nuverse Advisor LLC Testimonial

Nuverse Advisor LLC testimonial Dear Stephen, We would like to thank you for your assistance in helping us to arrange a sublet in Olympic Tower. My partners and I were determined to sublet a space that was fully furnished and equipped to our specifications at a fair market value. We utilized several different brokers, but we found that only you consistently found new sublet opportunities for us during the entire year of our search. When we began our search, prices for Class A office space in the Plaza District ranged from $80-150/RSF, by the end of our search the prices had fallen to $50-$85/RSF. Your hard work and tenacity at finding new listings allowed us to find the ideal space at the right price in Class A. Thanks for sticking with us. Sincerely, Elias Saal

Office Buildings in Grand Central

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