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Rent/Lease Office 645 Madison Ave

Lease Office 645 Madison Ave

$ / SF / Yr SF Monthly Rent
Negotiable
$ / SF / Yr SF Monthly Rent
$ 110

Rent Sublease Office at 645 Madison Ave

$ / SF / Yr SF Monthly Rent
$ 89
$ / SF / Yr SF Monthly Rent
$ 89

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 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
Madison Ave & East 49th Street $ 59
4,900
$ 24,091
E 52nd St & Fifth Avenue $ 42.5
3,400
$ 12,041
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 645 Madison Ave

Rent Retail 645 Madison Ave

Rent Medical Space at 645 Madison Ave

Office Tenants Rented / Leased 645 Madison Avenue
  • Phoenix Realty Group leased 10,466 SF
  • Weismann Associates leased 2,683 SF
  • Peter B. Cannell & Co. leased 6,672 SF
  • Robert Burke leased 3,007 SF
  • Capital Dynamics leased 7,000 SF
  • Phoenix Realty Group LLC leased 10,466 SF
  • Stavros S. Niarchos Foundation leased 0 SF
  • Rockland Funding leased 0 SF
  • Milbank Memorial Fund leased 4,800 SF
  • Enstructure leased 1,746 SF
Retail Tenants Rented / Leased 645 Madison Avenue
  • Dodo leased 817 SF
Nearby Office Tenants Leased
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • Grant Thornton LLP leased 130,357 SF at 757 Third Ave
  • Holland & Knight leased 130,296 SF at 900 Third Ave
  • First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
  • Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
  • Katten leased 125,000 SF at 50 Rockefeller Plaza
  • Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Bucherer Timemachine leased 121,055 SF at 590 Madison Ave
  • Baker Hostetler LLP leased 118,634 SF at 630 Fifth Ave
Nearby Retail Tenants Leased
  • Breitling leased 8,500 SF at 5 East 57th St
  • Megu leased 8,500 SF at 845 United Nations Plaza
  • Roche Bobois leased 8,200 SF at 950 Third Avenue
  • Duane Reade leased 8,100 SF at 260 Madison Ave
  • 48 Rockefeller Corp. leased 8,000 SF at 48 West 48th St
  • Valley National Bank leased 7,713 SF at 71 West 47th St
  • Louis the 13th Cognac leased 7,500 SF at 3 West 57th Street
  • HSBC leased 7,491 SF at 250 Park Avenue
  • Asanda Aveda leased 6,800 SF at 120 East 56th St
  • Francois Latapie leased 6,500 SF at 30 East 60th St
$ / 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 645 Madison Avenue. This trend is projected to continue. Opportunities for subleases remain available at 645 Madison Avenue and in the nearby Plaza District neighborhood.
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645 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

645 Madison Avenue Property Overview

Building Address: 645 Madison Ave, New York NY 10022
Building Name: Pan Ocean Building
Building Alternate Address: 645 Madison Ave
Zip Code:10022
Neighborhood:Plaza District
Borough:Manhattan
Stories:22
Year Built:1971
Building Class:A
Block & lot:01374-0049

645 Madison Avenue, located in the Lenox Hill neighborhood of Manhattan, New York City, is a 22-story office building constructed in 1971. The building has a total area of 164,615 square feet and is situated at the corner of Madison Avenue and East 60th Street, just a block from Central Park.

Historically, the building has faced financial challenges. In 2015, it was purchased by Friedland Properties and Nightingale Properties, but they struggled with high rents and a burst retail bubble. The property was returned to its lender, East West Bank, in 2019 due to financial difficulties.

In 2022, Titan Golden Capital, a private equity firm, acquired the ground lease for $26.6 million and later purchased the land underneath the building for approximately $201 million, gaining full ownership of the property.

The building was sold again in April 2022 for $196,592,300. It is classified as an "Office Only with or without Commercial - 20 Stories or More" (O4) building.

Madison Avenue itself has a rich history, dating back to 1836 and named after former President James Madison. The avenue became synonymous with the advertising industry in the 20th century, though many agencies have since relocated.

645 Madison Avenue, New York, NY 10022

Alternate addresses:

  • 18 E 60th St, New York, NY 10022
  • 645-651 Madison Ave, New York, NY 10022

Neighborhood: Lenox Hill, Manhattan

Year built: 1971

Building type: Office

Building height: 22 stories

Building size: 164,615 square feet


645 Madison Avenue Amenities

  • 24 Hour Access
  • Bus Line
  • Metro/Subway
  • Air Conditioning
  • Surface Parking
  • Surface Tandem Parking
  • Covered Parking
  • Covered Tandem Parking
  • Reserved Parking

645 Madison Avenue, located in the Plaza District of Manhattan, is a 22-story office building built in 1971. The building offers a total of 164,615 square feet of office space.

The property is classified as an Office Only building with or without commercial spaces, and it features 34 commercial spaces available for lease. The building is known as the Pan Ocean Building and is situated in a prime location within the Lenox Hill neighborhood.

Rental rates vary, with options for windowed and interior offices across different classes of space. The building's proximity to major transportation hubs and its location in a vibrant business district make it an attractive choice for office tenants.


Internet Providers at 645 Madison Ave, Manhattan, NYC:

  • Verizon: Offers Fios with speeds up to 2.3 Gbps.
  • Spectrum: Provides cable internet with speeds up to 1 Gbps.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services with speeds up to 1.5 Gbps.

645 Madison Ave, Manhattan, NYC is conveniently located near several public transportation options. The nearest subway stations are 68 St – Hunter College and 77 St, both accessible via the 6 train. For bus services, the M1, M2, M3, M4 buses stop nearby. The cross streets are East 60th Street and East 61st Street. Grand Central Terminal is also within walking distance, offering access to Metro-North trains.

Office Tenants Rented / Leased 645 Madison Avenue
  • Phoenix Realty Group leased 10,466 SF
  • Weismann Associates leased 2,683 SF
  • Peter B. Cannell & Co. leased 6,672 SF
  • Robert Burke leased 3,007 SF
  • Capital Dynamics leased 7,000 SF
  • Phoenix Realty Group LLC leased 10,466 SF
  • Stavros S. Niarchos Foundation leased 0 SF
  • Rockland Funding leased 0 SF
  • Milbank Memorial Fund leased 4,800 SF
  • Enstructure leased 1,746 SF
Retail Tenants Rented / Leased 645 Madison Avenue
  • Dodo leased 817 SF
Nearby Office Tenants Leased
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • Grant Thornton LLP leased 130,357 SF at 757 Third Ave
  • Holland & Knight leased 130,296 SF at 900 Third Ave
  • First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
  • Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
  • Katten leased 125,000 SF at 50 Rockefeller Plaza
  • Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Bucherer Timemachine leased 121,055 SF at 590 Madison Ave
  • Baker Hostetler LLP leased 118,634 SF at 630 Fifth Ave
Nearby Retail Tenants Leased
  • Breitling leased 8,500 SF at 5 East 57th St
  • Megu leased 8,500 SF at 845 United Nations Plaza
  • Roche Bobois leased 8,200 SF at 950 Third Avenue
  • Duane Reade leased 8,100 SF at 260 Madison Ave
  • 48 Rockefeller Corp. leased 8,000 SF at 48 West 48th St
  • Valley National Bank leased 7,713 SF at 71 West 47th St
  • Louis the 13th Cognac leased 7,500 SF at 3 West 57th Street
  • HSBC leased 7,491 SF at 250 Park Avenue
  • Asanda Aveda leased 6,800 SF at 120 East 56th St
  • Francois Latapie leased 6,500 SF at 30 East 60th St

Abrams Garfinkel & Rosen Testimonial

Abrams Garfinkel & Rosen testimonial Dear Stephen: On behalf of my partners and myself, I want to thank you for your representation, assistance and support in connection with our search for new office space. We have worked with many brokers over the last eighteen months, but you were the only one who truly listened and tried to understand what our requirements, limitations and needs were. As a result of your diligence and persistence, we have been able to sign a lease for a space that meets all of our physical, aesthetic and economic criteria. You have done an excellent job on our behalf, and we are truly appreciative. Please feel free to share this letter with any of your potential clients, as we would wholeheartedly recommend your services to others. Once again, thank you for everything. Sincerely, Neil B. Garfinkel
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