| 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- Weismann Associates leased 2,683 SF
- Peter B. Cannell & Co. leased 6,672 SF
- Robert Burke leased 3,007 SF
- Stavros S. Niarchos Foundation leased 0 SF
- Rockland Funding leased 0 SF
- Phoenix Realty Group LLC leased 10,466 SF
- Capital Dynamics leased 7,000 SF
- Milbank Memorial Fund leased 4,800 SF
- Enstructure leased 1,746 SF
- NAHLA CAPITAL MANAGE… leased 4,833 SF
Nearby Office Tenants Leased- Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
- Yext leased 58,194 SF at 1 Madison Ave
- Phoenix Constructors leased 55,000 SF at 100 Broadway
- SourceMedia leased 42,460 SF at 1 Whitehall St
- Translation leased 35,000 SF at 10 Jay Street
- Social Science Research Council leased 25,000 SF at 1 Pierrepont Plaza
- Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
- AM Investments leased 9,000 SF at 1 Liberty Plz
- Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
- SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
Nearby Retail Tenants Leased- Life Time leased 74,000 SF at 1 Wall Street
- Burger & Lobster leased 8,900 SF at 1 Bryant Park
- Eddie Bauer leased 7,400 SF at 100 Fifth Ave
- The Anne Frank Center leased 2,500 SF at 100 Church St
- Clean Table leased 2,000 SF at 101 Seventh Avenue
- Sweetgreen leased 2,000 SF at 10 Hudson Yards
- Duane Reade leased 1,888 SF at 100 Broadway
- Gregory's Coffee leased 1,100 SF at 100 Wall St
- Choza Taqueria leased 1,000 SF at 100 Park Ave
- The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
