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Rent/Lease Office 424 Madison Ave

$ / SF / Yr SF Monthly Rent
$ 67
$ 65

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Park Ave & East 57th Street $ 160
10,800
$ 144,000
Fifth Ave & West 52nd Street $ 130
10,300
$ 111,583
Fifth Ave & West 55th Street $ 80
12,900
$ 86,000
W 57th St & Avenue of the Americas $ 111.5
25,000
$ 232,291
Madison Ave & East 54th Street $ 61
11,300
$ 57,441
Avenue Of The Americas & West 47th Street $ 58
10,000
$ 48,333
Madison Ave & East 60th Street $ 89
9,500
$ 70,458
Madison Ave & East 59th Street $ 99
8,300
$ 68,475
E 53rd St & Fifth Avenue $ 79
12,200
$ 80,316
Address $ / SF / Yr SF Monthly Rent
Park Ave & East 50th Street $ 85
4,800
$ 34,000
Madison Ave & East 49th Street $ 69
5,500
$ 31,625
Avenue of the Americas & West 55th Street $ 52
5,300
$ 22,966
Avenue of the Americas & West 55th Street $ 62
6,200
$ 32,033
Park Ave & East 54th Street $ 68
4,000
$ 22,666
Fifth Ave & East 56th Street $ 85
4,400
$ 31,166
W 52nd St & Between Fifth Avenue $ 91
4,100
$ 31,091
Address $ / SF / Yr SF Monthly Rent
Madison Ave & East 49th Street $ 76.5
2,200
$ 14,025
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
E 60th St & Madison Avenue $ 65
4,200
$ 22,750
W 57th St & Avenue of the Americas Negotiable
5,100
Negotiable
Address $ / SF / Yr SF Monthly Rent
W 57th St & Avenue of the Americas Negotiable
2,300
Negotiable
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
E 49th St & Fifth Avenue $ 94
16,000
$ 125,333
Park Ave & East 48th Street $ 105
13,700
$ 119,875
Park Ave & East 50th Street $ 150
14,600
$ 182,500
W 57th St & Avenue of the Americas $ 105
15,800
$ 138,250
Rockefeller Plz & West 50th Street $ 92
13,800
$ 105,800
Madison Ave & East 60th Street $ 165
15,300
$ 210,375
W 57th St & Avenue of the Americas $ 200
10,300
$ 171,666
Madison Ave & East 53rd Street $ 170
11,400
$ 161,500
Madison Ave & East 56th Street $ 105
13,100
$ 114,625
Fifth Ave & West 52nd Street $ 93
11,300
$ 87,575
Third Ave & East 49th Street $ 89
11,200
$ 83,066
Park Ave & East 47th Street $ 130
11,100
$ 120,250
E 59th St & Park Avenue $ 95
13,300
$ 105,291
Madison Ave & East 49th Street $ 79
18,900
$ 124,425
Madison Ave & East 55th Street $ 130
7,800
$ 84,500
Fifth Ave & East 46th Street $ 84
14,600
$ 102,200
E 55th St & Madison Avenue $ 130
10,900
$ 118,083
Fifth Ave & West 55th Street $ 98
9,700
$ 79,216
Rockefeller Plaza & Fifth Avenue $ 95
14,100
$ 111,625
Fifth Ave & East 58th Street $ 150
25,700
$ 321,250
Address $ / SF / Yr SF Monthly Rent
Rockefeller Plaza & West 48th Street $ 94
2,800
$ 21,933
E 49th St & Fifth Avenue $ 109
5,500
$ 49,958
Avenue of the Americas & West 51st Street $ 84
2,600
$ 18,200
Madison Ave & East 55th Street $ 125
4,800
$ 50,000
Lexington Ave & East 51st Street $ 78
5,300
$ 34,450
Third Ave & East 49th Street $ 73
3,800
$ 23,116
Third Ave & East 49th Street $ 65
4,000
$ 21,666
Madison Ave & East 55th Street $ 65
5,000
$ 27,083
Fifth Ave & West 52nd Street $ 93
6,800
$ 52,700
E 52nd St & Lexington Avenue $ 68
4,000
$ 22,666
Lexington Ave & East 50th Street $ 71
4,100
$ 24,258
Lexington Ave & East 52nd Street $ 82
3,700
$ 25,283
Madison Ave & East 48th Street $ 70
4,500
$ 26,250
Address $ / SF / Yr SF Monthly Rent
Avenue of the Americas & West 51st Street $ 84
2,200
$ 15,400
Rockefeller Plz & West 50th Street $ 92
1,600
$ 12,266
Fifth Ave & West 55th Street $ 80
1,900
$ 12,666
Third Ave & East 49th Street $ 71
2,000
$ 11,833
Third Ave & East 49th Street $ 60
2,000
$ 10,000
Madison Ave & East 52nd Street $ 70
1,500
$ 8,750
E 52nd St & Lexington Avenue $ 64
2,400
$ 12,800
Madison Ave & East 55th Street $ 76
2,300
$ 14,566
Fifth Ave & West 49th Street $ 67
2,200
$ 12,283
Address $ / SF / Yr SF Monthly Rent
5th Ave & West 47th Street $ 63
8,000
$ 42,000
W 48th St & Avenue of the Americas $ 58
12,500
$ 60,416
E 59th St & Madison Avenue $ 180
9,700
$ 145,500
Address $ / SF / Yr SF Monthly Rent
E 55th St & Third Avenue $ 47
2,900
$ 11,358
E 59th St & Second Avenue $ 93.3
3,200
$ 24,880
E 52nd St & Fifth Avenue $ 42.5
3,400
$ 12,041
Madison Ave & East 49th Street $ 49
4,200
$ 17,150
E 48th St & Madison Avenue $ 55
4,600
$ 21,083
E 49th St & Between Fifth Avenue $ 27
3,300
$ 7,425
W 57th St & Avenue of the Americas $ 68
4,100
$ 23,233
Park Ave & East 59th Street $ 69.5
6,200
$ 35,908
E 58th St & Third Avenue $ 50
3,400
$ 14,166
E 61st St & Second Avenue $ 61
2,500
$ 12,708
Address $ / SF / Yr SF Monthly Rent
E 60th St & Madison Avenue $ 55
1,600
$ 7,333
W 57th St & Avenue of the Americas $ 67
1,600
$ 8,933
E 60th St & Fifth Avenue $ 54
2,200
$ 9,900
E 48th St & Madison Avenue $ 55
2,400
$ 11,000
Lexington Ave & Lexington Avenue $ 44.5
2,500
$ 9,270
E 56th St & Park Avenue $ 59
1,900
$ 9,341
Madison Ave & East 49th Street $ 47
2,200
$ 8,616
E 58th St & Third Avenue $ 52
1,900
$ 8,233
Park Ave & East 59th Street $ 65
2,100
$ 11,375
Address $ / SF / Yr SF Monthly Rent
W 47th St & Avenue of the Americas $ 52.5
7,100
$ 31,062
Address $ / SF / Yr SF Monthly Rent
E 59th St & Between Second Avenue $ 65.5
6,500
$ 35,479
E 59th St & Madison Avenue $ 61.5
4,000
$ 20,500
Address $ / SF / Yr SF Monthly Rent
W 47th St & Avenue of the Americas $ 53
2,000
$ 8,833

Retail Spaces for Rent at 424 Madison Ave

Rent Retail 424 Madison Ave

Rent Medical Space at 424 Madison Ave

Office Tenants Rented / Leased 424 Madison Avenue
  • Aquavit Holding Inc. leased 3,015 SF
  • Mill Run Tours leased 4,130 SF
  • Raith Capital Partners, LLC leased 4,948 SF
  • Madison Avenue Dental S… leased 2,630 SF
  • Squitieri & Fearon leased 1,500 SF
  • Emerald Equities NYC leased 1,500 SF
  • Esplanade Capital LLC leased 4,358 SF
  • Capricorn Asset Managem… leased 1,649 SF
  • Conative Capital Manage… leased 500 SF
  • Agro Accounting leased 500 SF
Retail Tenants Rented / Leased 424 Madison Avenue
  • Joseph Abboud leased 4,600 SF
Nearby Office Tenants Leased
  • Citadel leased 200,000 SF at 425 Park Avenue
  • Tommy Hilfiger leased 200,000 SF at 285 Madison Avenue
  • PJT Partners, Inc. leased 198,840 SF at 280 Park Ave
  • Mutual Of America leased 193,631 SF at 320 Park Ave
  • National Basketball Associ… leased 193,117 SF at 645 Fifth Ave
  • Discovery leased 190,000 SF at 850 Third Avenue
  • Citibank leased 176,000 SF at 731 Lexington Ave
  • City University of New York leased 170,953 SF at 205 East 42nd St
  • Weill Cornell Medical Colle… leased 169,790 SF at 575 Lexington Ave
  • VF Sportswear leased 168,000 SF at 40 West 57th St
Nearby Retail Tenants Leased
  • North Fork Bank leased 12,000 SF at 57 West 57th St
  • Duane Reade leased 11,717 SF at 575 Lexington Ave
  • Urbanspace leased 11,400 SF at 570 Lexington Avenue
  • BNP Foods leased 11,000 SF at 290 Madison Ave
  • Ann Taylor leased 11,000 SF at 600 Fifth Ave
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • Madison Chophouse leased 10,700 SF at 3 East 54th Street
  • Bill's Bar & Burger leased 10,000 SF at 1250 Sixth Ave
  • Club Nebula leased 10,000 SF at 135 West 41st Street
  • CVS Pharmacy leased 10,000 SF at 757 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 424 Madison Avenue. This trend is projected to continue. Opportunities for subleases remain available at 424 Madison Avenue and in the nearby Plaza District neighborhood.
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424 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

424 Madison Avenue Property Overview

Building Address: 424 Madison Ave, New York NY 10017
Building Alternate Address: 424 Madison Ave
Zip Code:10017
Neighborhood:Plaza District
Borough:Manhattan
Stories:16
Year Built:1926
Building Class:B
Block & lot:01284-0056

424 Madison Avenue is a 15-story Art Deco office building located in Manhattan, NYC. It was completed in 1926 and designed by the architectural firm Buchman & Kahn. The building stands 173 feet tall and features a dark-brown brick façade with a two-story stone base. The design includes elaborate stone ornamentation at the top floors and a brass-and-glass canopy over the main entrance.

The building's façades are composed of wide bays with plate-glass show windows and angular awnings. The upper floors have simple stone sills and slightly recessed windows, creating a distinctive architectural pattern. The 13th floor includes angular projections and horizontal stone bands, adding to the building's Art Deco flair. At the rooftop, there is a tall mechanical penthouse topped by an octagonal water tower enclosure.

Historically, 424 Madison Avenue has been a significant part of Manhattan's commercial landscape since its construction. The building was last altered in 1999 and has maintained its original architectural integrity as an office building. The ground floor is currently occupied by Joseph Abboud menswear.

The property's history includes notable transactions, such as a purchase in 2006 for $31 million. The building is assessed under the register tax class, reflecting its use as a commercial property. As of recent years, the assessed market value of the property has fluctuated, impacting its property tax.

424 Madison Avenue, Manhattan, NYC is a 16-floor building located at the corner of Madison Avenue and East 49th Street. It is owned by BLDG Management and classified as a Class B office building, offering a total of 84,000 rentable square feet.

The building is known for its strategic location in Midtown East, providing heavy foot traffic and proximity to prominent landmarks such as Rockefeller Center. It includes amenities like a conference center and is well-connected to major transportation hubs, including Grand Central Terminal and several subway lines.

One of the notable tenants is Madison Dentistry, located on the 15th floor, which provides comprehensive dental services ranging from general dentistry to cosmetic and restorative care.


Building Amenities at 424 Madison Avenue, Manhattan, NYC

  • Full floors with large picture windows providing abundant natural light
  • Multiple private offices, large conference rooms, and large pantry spaces
  • Ornate ceilings adding historic charm to the office environment
  • Furniture availability and landlord modifications upon request
  • Private restrooms in select suites
  • Access to high-speed internet providers including Verizon Fios with speeds up to 2.3 Gbps
  • Property management on site for responsive tenant service
  • Banking and conferencing facilities within the building
  • Prime Midtown location with Walk Score 97/100 (Walker's Paradise) and Transit Score 100/100 (Rider's Paradise)
  • Close proximity to multiple subway lines and Grand Central Terminal within walking distance
  • Nearby dining options, luxury hotels, and essential urban amenities enhancing tenant experience

Office Tenants at 424 Madison Avenue, Manhattan, NYC

Medical Tenants

  • Japanese Medical Care – Occupies 4,948 sq ft on the 7th floor. Provides physical therapy, acupuncture, and other medical services primarily for Japanese expatriates. Lease term: 10 years, starting early 2023.
  • JKB2 Medical Management – Occupies 2,990 sq ft on part of the 10th floor. Multispecialty medical office operating under a 10-year lease.
  • Madison Dentistry – Located in the building providing dental care services.
  • NY Plaza Physical Therapy – Present in the building, offering physical therapy services.

Jewelry Tenants

  • Verstandig & Sons Inc – Leases 3,235 sq ft on part of the 9th floor for 8 years, known for engagement diamonds.
  • Yehuda Diamond Company – Occupies 3,232 sq ft on part of the 14th floor under an 8-year lease, specializing in diamonds.

Other Office Tenants

  • Raith Capital Partners – Commercial real estate investment firm at 424 Madison Avenue.
  • Mill Run Tours – Services tenant located on the 11th floor.
  • Zelnik & Company, LLC – Tenant located on the 5th floor.
  • Victory Commercial Management – Tenant occupying the 1st floor.
  • Fleischman's Men's Salon – Retail tenant on the 9th floor.
  • Gastro Market – Food service and accommodation tenant occupying multiple floors.

Internet Providers Available at 424 Madison Ave, Manhattan, NYC

Residents and businesses at 424 Madison Avenue have access to several top internet providers offering high-speed connectivity, including fiber and cable options.

Verizon Fios

  • Type: Fiber-optic
  • Speeds: Up to 2.3 Gbps
  • Features: Symmetrical upload and download speeds, highly reliable service, bundles available with TV and phone
  • Pricing: Starting around $49.99 per month

Astound Broadband Powered by RCN

  • Type: Cable and Fiber
  • Speeds: Up to 1.5 Gbps
  • Features: Unlimited data usage, competitive pricing, no-contract options
  • Pricing: Plans starting near $35 per month

Spectrum

  • Type: Cable and Fiber
  • Speeds: Up to 1 Gbps
  • Features: No data caps, bundling with TV and phone services, widely available
  • Pricing: Plans starting around $30 per month

Xfinity

  • Type: Cable
  • Speeds: Up to 2 Gbps
  • Features: Popular cable option with TV bundles
  • Pricing: Starting at approximately $30 per month

Optimum

  • Type: Cable and Fiber
  • Speeds: Up to 8 Gbps in select areas
  • Features: Fastest available speeds, premium pricing

424 Madison Ave is located in Midtown East, Manhattan, NYC. The cross streets for this location are East 49th Street and East 50th Street, but it actually resides between East 49th and East 50th Streets on Madison Avenue.

For public transportation, nearby options include:

  • Bus Stops: Madison Av/E 49 St, Madison Av/E 50 St, and nearby stops along 5th Avenue.
  • Subway Stations: Grand Central–42 St (4, 7, S trains) and 51 St (4, 6 trains) are close options.
  • Trains: Trains from the Grand Central Terminal, including the Metro-North Railroad and PATH trains, are nearby.

For driving directions and live traffic updates, tools like MapQuest can provide the most recent information.

Office Tenants Rented / Leased 424 Madison Avenue
  • Aquavit Holding Inc. leased 3,015 SF
  • Mill Run Tours leased 4,130 SF
  • Raith Capital Partners, LLC leased 4,948 SF
  • Madison Avenue Dental S… leased 2,630 SF
  • Squitieri & Fearon leased 1,500 SF
  • Emerald Equities NYC leased 1,500 SF
  • Esplanade Capital LLC leased 4,358 SF
  • Capricorn Asset Managem… leased 1,649 SF
  • Conative Capital Manage… leased 500 SF
  • Agro Accounting leased 500 SF
Retail Tenants Rented / Leased 424 Madison Avenue
  • Joseph Abboud leased 4,600 SF
Nearby Office Tenants Leased
  • Citadel leased 200,000 SF at 425 Park Avenue
  • Tommy Hilfiger leased 200,000 SF at 285 Madison Avenue
  • PJT Partners, Inc. leased 198,840 SF at 280 Park Ave
  • Mutual Of America leased 193,631 SF at 320 Park Ave
  • National Basketball Associ… leased 193,117 SF at 645 Fifth Ave
  • Discovery leased 190,000 SF at 850 Third Avenue
  • Citibank leased 176,000 SF at 731 Lexington Ave
  • City University of New York leased 170,953 SF at 205 East 42nd St
  • Weill Cornell Medical Colle… leased 169,790 SF at 575 Lexington Ave
  • VF Sportswear leased 168,000 SF at 40 West 57th St
Nearby Retail Tenants Leased
  • North Fork Bank leased 12,000 SF at 57 West 57th St
  • Duane Reade leased 11,717 SF at 575 Lexington Ave
  • Urbanspace leased 11,400 SF at 570 Lexington Avenue
  • BNP Foods leased 11,000 SF at 290 Madison Ave
  • Ann Taylor leased 11,000 SF at 600 Fifth Ave
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • Madison Chophouse leased 10,700 SF at 3 East 54th Street
  • Bill's Bar & Burger leased 10,000 SF at 1250 Sixth Ave
  • Club Nebula leased 10,000 SF at 135 West 41st Street
  • CVS Pharmacy leased 10,000 SF at 757 Third Ave

Finnerty Economic Consulting, LLC. Testimonial

Finnerty Economic Consulting, LLC. testimonial To Whom It May Concern: My firm engaged Optimal Spaces when I searched for professional office space in New York City in 2005 and again in 2012 when the first lease expired and we decided to look for better office space in midtown Manhattan. I leased office space at 60 East 42"d Street in 2005 and office space at 122 East 42"d Street in 2012 with Stephen's assistance. When I sold my business to AlixPartners in 2014, I recommended that AlixPartners retain Optimal Spaces to negotiate a termination ofthe lease at 122 East 42"d Street. I worked very closely with Stephen Sunderland, Senior Managing Director of Optimal Spaces, during both searches for office space as well as during the lease termination process. Stephen is very knowledgeable regarding the Manhattan office market. His advice proved crucial in negotiating two leases and securing the lease termination on favorable terms. He made himself available on short notice to view properties, and he identified a range of lease opportunities in various locations at different price points. I was able to benefit from his expertise to find suitable space without extensive searching. I would not hesitate to recommend Stephen Sunderland and his firm to anyone who is searching for office space in Manhattan. Very truly yours, John D. Finnerty Managing Principal

Office Buildings in Plaza District

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Optimal Spaces negotiates tenant deals, typically securing 10-15% 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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