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Rent Office 424 Madison Avenue

$ / SF SF Monthly Rent
Negotiable
4,000
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF 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 West 56th Street $ 80
12,900
$ 86,000
W 57th St & Avenue of the Americas $ 112
25,000
$ 232,291
Madison Ave & East 54th Street $ 60
11,300
$ 56,970
Address $ / SF 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 West 56th Street $ 62
6,200
$ 32,033
Park Ave & East 54th Street $ 66
4,000
$ 22,166
W 52nd St & Between 5th Avenue $ 90
4,100
$ 30,579
Address $ / SF SF Monthly Rent
Madison Ave & East 49th Street $ 76
2,200
$ 13,841
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
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 $ 2100 $ 1705 $ 775
Interior office/person $ 1350 $ 1205 $ 525
Team Rooms $ 10100 $ 8455 $ 5025
Suites $ 20100 $ 12455 $ 7025

Nearby office Spaces for Rent

Address $ / SF 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
Madison Ave & East 53rd Street East 52nd 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 West 56th 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 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 51th 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 Street $ 82
3,700
$ 25,283
Madison Ave & East 48th Street $ 70
4,500
$ 26,250
Address $ / SF SF Monthly Rent
Avenue of the Americas & West 51th Street $ 84
2,200
$ 15,400
Rockefeller Plz & West 50th Street $ 92
1,600
$ 12,266
Fifth Ave & West 55th Street West 56th 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
Madison Ave & East 48th Street $ 70
1,800
$ 10,500
Address $ / SF SF Monthly Rent
5th Ave & West 47th Street $ 63
8,000
$ 42,000
Address $ / SF SF Monthly Rent
E 55th St & Third Avenue $ 47
2,900
$ 11,358
E 59th St & Second Avenue $ 93
3,200
$ 24,880
E 52nd St & Fifth Avenue $ 44
3,400
$ 12,325
Address $ / SF SF Monthly Rent
E 60th St & Madison Avenue $ 55
1,600
$ 7,333
W 57th St & Avenue of America $ 67
1,600
$ 8,933
E 60th St & Fifth Avenue $ 54
2,200
$ 9,900
Lexington Ave & Lexington Avenue $ 44
2,500
$ 9,062
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 52
7,100
$ 30,766
Address $ / SF SF Monthly Rent
E 59th St & Between 2nd Avenue $ 66
6,500
$ 36,020
Address $ / SF SF Monthly Rent
Tenant Broker’s Perspective: office buildings being demolished or converted to residential 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 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.


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About Optimal Spaces
Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.

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