| Building Address: | 980 Madison Ave, New York NY 10075 |
| Building Name: | Sotheby Parke Bernet Building |
| Building Alternate Address: | 980 Madison Ave |
| Zip Code: | 10075 |
| Neighborhood: | Upper East Side |
| Borough: | Manhattan |
| Stories: | 5 |
| Year Built: | 1949 |
| Building Class: | B |
| Block & lot: | 01391-0014 |
980 Madison Avenue is a significant architectural landmark on Manhattan's Upper East Side, known for its historical and cultural impact. It was designed by the architectural firm Walker & Poor and completed in 1949, originally serving as the headquarters for Parke-Bernet Galleries, the largest fine art auction house in the U.S. at the time.
From its inception until 1987, 980 Madison Avenue played a pivotal role in establishing New York as a global art market center by hosting auctions of works by Picasso and Rembrandt, among other renowned artists. Following its sale in 1987, the building saw the establishment of the Gagosian Gallery in 1989, which marked its entrance into the contemporary art scene with a Jasper Johns exhibition.
The building's location is advantageous, situated near iconic institutions like The Met, The Frick Collection, and The Guggenheim Museum, making it a hub for elite clientele. Over the years, it has accommodated various tenants, including luxury retail and offices, maintaining its high-end appeal. In the early 2000s, there were controversial plans to add a 22-story glass tower designed by Lord Norman Foster, but these were ultimately scrapped due to preservationist opposition.
Today, 980 Madison Avenue continues to be an integral part of New York's art world while maintaining its historical architectural charm.
980 Madison Avenue, Manhattan, NYC
Also known as the Parke-Bernet Galleries building, this location is home to the Gagosian Gallery. It is situated on the Upper East Side at the corner of Madison Avenue and East 76th Street.
980 Madison Avenue in Manhattan, NYC, offers the following building amenities:
- High ceilings
- Hardwood floors
- Large bedrooms
- Separate kitchens
- Walk-in closets
- 24 Hour Access
- Bus and Metro/Subway access
980 Madison Avenue, a building located in Manhattan's Upper East Side, has a rich history of housing notable tenants. The building was originally constructed in 1949 as the headquarters for Parke-Bernet Galleries, later becoming a hub for art galleries.
Historically, Gagosian Gallery occupied a significant portion, about 42% of the space. Other notable tenants include:
JN Contemporary, Dickinson Roundell, Nahem Madison, Robiliant + Voena, and Yoshii. These galleries were situated primarily on the third floor.
The office space on the second floor included tenants like Ramsfield Hospitality Finance. Despite the gallery space's versatility, it was primarily used for art exhibitions.
As of recent developments, the building's ownership has changed with the sale to an entity linked to the Bloomberg Family Office, which has led to the relocation of existing tenants under the terms of new leases.
Located at 980 Madison Avenue in Manhattan, NYC, residents have access to several top internet providers, including:
- Verizon Fios: Known for high speeds up to 2.3 Gbps and excellent customer service, Verizon Fios offers reliable fiber-optic connections with plans starting at $49.99.
- Astound Broadband Powered by RCN: Offers cable and fiber services with affordable plans, unlimited data, and speeds up to 1.5 Gbps, starting at $35 per month.
- Spectrum: Provides cable internet with speeds up to 1 Gbps and various bundle options starting at $30 per month.
Availability may vary depending on the specific location within the building.
980 Madison Avenue in Manhattan, NYC, is located in the heart of the Upper East Side, offering excellent transportation options.
Nearest Subway Stations:
- The closest subway is the 77 Street station, served by the 4 and 6 trains, located about 0.2 miles away.
- Other stations like 86 Street are within walking distance.
Bus Stops:
- Nearby bus stops include Madison Avenue and East 83 Street and East 84 Street.
Cross Streets:
- East 78 Street and East 79 Street.
Neighborhood:
- Lenox Hill, part of the Upper East Side, known for its vibrant artistic vibe, excellent public transit, and proximity to Central Park and renowned cultural institutions like The Met and The Guggenheim Museum.
Office Tenants Rented / Leased 980 Madison Avenue- The Dontzin Law Firm LLP leased 8,108 SF
- Gagosian Gallery leased 50,000 SF
- Jan Krugier Gallery leased 2,100 SF
- Douglas Elliman leased 6,500 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
- Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
- Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
- RDA International leased 14,000 SF at 100 Vandam St
- Postworks New York leased 11,000 SF at 100 Avenue of the Americas
- Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
- SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
- Jared Finkell, MD leased 500 SF at 10 Downing St
- Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased- Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
- La Mar leased 9,000 SF at 11 Madison Ave
- Burger & Lobster leased 8,900 SF at 1 Bryant Park
- New York Kids Club leased 4,000 SF at 11 Fifth Avenue
- 10 Downing leased 3,400 SF at 10 Downing St
- Clean Table leased 2,000 SF at 101 Seventh Avenue
- Sweetgreen leased 2,000 SF at 10 Hudson Yards
- Choza Taqueria leased 1,000 SF at 100 Park Ave
- The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
- Simit and Smith leased 400 SF at 11 Waverly Pl
