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Rent/Lease Office 980 Madison Ave

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
W 57th St & Avenue of the Americas $ 111.5
25,000
$ 232,291
Avenue of the Americas & West 55th Street $ 64
7,300
$ 38,933
Madison Ave & East 54th Street $ 80
31,000
$ 206,666
Madison Ave & East 60th Street $ 89
9,500
$ 70,458
Madison Ave & East 51st Street $ 75
8,100
$ 50,625
Avenue Of The Americas & West 47th Street $ 58
10,000
$ 48,333
Park Ave & East 57th Street $ 160
10,800
$ 144,000
Madison Ave & East 59th Street $ 99
8,300
$ 68,475
E 53rd St & Fifth Avenue $ 79
12,200
$ 80,316
Fifth Ave & West 52nd Street $ 130
10,300
$ 111,583
Address $ / SF / Yr SF Monthly Rent
Park Ave & East 54th Street $ 85
5,600
$ 39,666
Fifth Ave & East 56th Street $ 85
4,400
$ 31,166
Lexington Ave & East 50th Street $ 54
4,000
$ 18,000
Avenue of the Americas & West 55th Street $ 62
6,200
$ 32,033
Fifth Ave & West 52nd Street $ 78
4,400
$ 28,600
Madison Ave & East 49th Street $ 69
5,500
$ 31,625
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
W 57th St & Avenue of the Americas $ 105
15,800
$ 138,250
Fifth Ave & East 55th Street $ 157.5
19,300
$ 253,312
Park Ave & East 58th Street $ 125
11,300
$ 117,708
Address $ / SF / Yr SF Monthly Rent
Third Ave & East 49th Street $ 50
4,300
$ 17,916
Park Ave & East 54th Street $ 79.5
3,500
$ 23,187
Park Ave & East 58th Street $ 125
4,000
$ 41,666
Third Ave & East 49th Street $ 73
3,800
$ 23,116
Madison Ave & East 55th Street $ 65
5,000
$ 27,083
Address $ / SF / Yr SF Monthly Rent
Third Ave & East 49th Street $ 60
2,000
$ 10,000
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
Fifth Ave & West 47th Street $ 73
1,900
$ 11,558
Avenue of the Americas & West 51st Street $ 84
2,200
$ 15,400
Rockefeller Plz & West 50th Street $ 92
1,600
$ 12,266
Park Ave & East 56th Street $ 98
1,900
$ 15,516
Address $ / SF / Yr SF Monthly Rent
W 48th St & Avenue of the Americas $ 58
12,500
$ 60,416
5th Ave & West 47th Street $ 63
8,000
$ 42,000
E 59th St & Madison Avenue $ 180
9,700
$ 145,500
Address $ / SF / Yr SF Monthly Rent
3rd Ave & Between East 90th Street $ 73
2,700
$ 16,425
Address $ / SF / Yr SF Monthly Rent
Lexington Ave & Lexington Avenue $ 44.5
2,500
$ 9,270
E 60th St & Madison Avenue $ 55
1,600
$ 7,333
Park Ave & East 59th Street $ 65
2,100
$ 11,375
E 56th St & Park Avenue $ 59
1,900
$ 9,341
E 48th St & Madison Avenue $ 55
2,400
$ 11,000
W 57th St & Avenue of the Americas $ 67
1,600
$ 8,933
E 60th St & Fifth Avenue $ 54
2,200
$ 9,900
E 58th St & Third Avenue $ 52
1,900
$ 8,233
Madison Ave & East 49th Street $ 65
2,000
$ 10,833
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 106th St & Third Avenue $ 27
5,300
$ 11,925
Address $ / SF / Yr SF Monthly Rent
W 47th St & Avenue of the Americas $ 53
2,000
$ 8,833

Retail Spaces for Rent at 980 Madison Ave

Rent Retail 980 Madison Ave

Rent Medical Space at 980 Madison Ave

Office Tenants Rented / Leased 980 Madison Avenue
  • RFR Realty leased 2,900 SF
  • 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
Retail Tenants Rented / Leased 980 Madison Avenue
  • Rebecca Taylor leased 4,338 SF
  • Sandro leased 2,037 SF
  • Vince leased 3,770 SF
  • Mark Hashem Gallery leased 1,853 SF
Nearby Office Tenants Leased
  • Beth Israel Medical Center leased 38,461 SF at 1825 Park Ave
  • CareMax leased 27,400 SF at 1915 Third Ave
  • Avantus Renal Therapy U… leased 19,906 SF at 315 East 62nd St
  • Icahn School of Medicine leased 12,000 SF at 207 East 94th Street
  • Volastra Therapeutics leased 11,000 SF at 1361 Amsterdam Avenue
  • The Studio Museum of Ha… leased 10,000 SF at 310 Lenox Ave
  • Walgreen~~#s leased 10,000 SF at 1328 Second Ave
  • General Services Administration leased 7,000 SF at 423 West 127th St
  • The Valley leased 6,750 SF at 1735 Park Ave
  • The American Academy in Rome leased 6,608 SF at 1 East 60th Street
Nearby Retail Tenants Leased
  • Galaxy Medical PC leased 4,239 SF at 68 East 131st St
  • Hammacher Schlemmer leased 4,143 SF at 145 East 57th St
  • Swerve Fitness leased 3,500 SF at 1140 Third Avenue
  • The House of Little People leased 2,800 SF at 401 East 84th St
  • Envy Corp. leased 2,500 SF at 4261 Broadway
  • City Mall leased 2,500 SF at 4-14 West 125th Street
  • Claire's Boutique leased 2,214 SF at 210 East 86th St
  • United Parcel Service leased 2,100 SF at 1735 Park Ave
  • EmblemHealth Company HIP Health Plan of New York leased 2,056 SF at 215 West 125th St
  • Zaro's leased 2,022 SF at 1825 Park Avenue
$ / 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 980 Madison Avenue. This trend is projected to continue. Opportunities for subleases remain available at 980 Madison Avenue and in the nearby Upper East Side neighborhood.
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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

980 Madison Avenue Property Overview

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
  • RFR Realty leased 2,900 SF
  • 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
Retail Tenants Rented / Leased 980 Madison Avenue
  • Rebecca Taylor leased 4,338 SF
  • Sandro leased 2,037 SF
  • Vince leased 3,770 SF
  • Mark Hashem Gallery leased 1,853 SF
Nearby Office Tenants Leased
  • Beth Israel Medical Center leased 38,461 SF at 1825 Park Ave
  • CareMax leased 27,400 SF at 1915 Third Ave
  • Avantus Renal Therapy U… leased 19,906 SF at 315 East 62nd St
  • Icahn School of Medicine leased 12,000 SF at 207 East 94th Street
  • Volastra Therapeutics leased 11,000 SF at 1361 Amsterdam Avenue
  • The Studio Museum of Ha… leased 10,000 SF at 310 Lenox Ave
  • Walgreen~~#s leased 10,000 SF at 1328 Second Ave
  • General Services Administration leased 7,000 SF at 423 West 127th St
  • The Valley leased 6,750 SF at 1735 Park Ave
  • The American Academy in Rome leased 6,608 SF at 1 East 60th Street
Nearby Retail Tenants Leased
  • Galaxy Medical PC leased 4,239 SF at 68 East 131st St
  • Hammacher Schlemmer leased 4,143 SF at 145 East 57th St
  • Swerve Fitness leased 3,500 SF at 1140 Third Avenue
  • The House of Little People leased 2,800 SF at 401 East 84th St
  • Envy Corp. leased 2,500 SF at 4261 Broadway
  • City Mall leased 2,500 SF at 4-14 West 125th Street
  • Claire's Boutique leased 2,214 SF at 210 East 86th St
  • United Parcel Service leased 2,100 SF at 1735 Park Ave
  • EmblemHealth Company HIP Health Plan of New York leased 2,056 SF at 215 West 125th St
  • Zaro's leased 2,022 SF at 1825 Park Avenue

Recent News About 980 Madison Avenue

Nuverse Advisor LLC Testimonial

Nuverse Advisor LLC testimonial Dear Stephen, We would like to thank you for your assistance in helping us to arrange a sublet in Olympic Tower. My partners and I were determined to sublet a space that was fully furnished and equipped to our specifications at a fair market value. We utilized several different brokers, but we found that only you consistently found new sublet opportunities for us during the entire year of our search. When we began our search, prices for Class A office space in the Plaza District ranged from $80-150/RSF, by the end of our search the prices had fallen to $50-$85/RSF. Your hard work and tenacity at finding new listings allowed us to find the ideal space at the right price in Class A. Thanks for sticking with us. Sincerely, Elias Saal
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