551 Madison Avenue
Class: A + 10022 Buildings Plaza District
Direct Office Spaces for Rent
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 2,100 | Negotiable |
| $ 77 | 1,800 | $ 11,505 |
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 2,700 | Negotiable |
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 8,300 | Negotiable |
| $ 78 | 6,600 | $ 42,900 |
Nearby Office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 54th St & Madison Avenue | $ 48 | 1,200 | $ 4,835 |
| E 56th St & Park Avenue South | $ 54 | 1,900 | $ 8,605 |
| E 56th St & Lexington Avenue | $ 72 | 2,000 | $ 12,000 |
| E 52nd St & Fifth Avenue | $ 42 | 1,300 | $ 4,550 |
| Lexington Ave & Lexington Avenue | $ 39 | 2,500 | $ 8,125 |
| E 58th St & Park Avenue | $ 45 | 2,300 | $ 8,625 |
| E 55th St & Third Avenue | $ 35 | 1,300 | $ 3,778 |
Sublease Office Spaces for Rent
| $ / SF | SF | Monthly Rent |
|---|
| $ / SF | SF | Monthly Rent |
|---|
| $ / SF | SF | Monthly Rent |
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Nearby Sublease Office Spaces for Rent
Nearby Office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 54th St & Madison Avenue | $ 48 | 1,200 | $ 4,835 |
| E 56th St & Park Avenue South | $ 54 | 1,900 | $ 8,605 |
| E 56th St & Lexington Avenue | $ 72 | 2,000 | $ 12,000 |
| E 52nd St & Fifth Avenue | $ 42 | 1,300 | $ 4,550 |
| Lexington Ave & Lexington Avenue | $ 39 | 2,500 | $ 8,125 |
| E 58th St & Park Avenue | $ 45 | 2,300 | $ 8,625 |
| E 55th St & Third Avenue | $ 35 | 1,300 | $ 3,778 |
| Address | $ / SF | SF | Monthly Rent |
|---|
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 55th St & Madison Avenue | $ 89 | 17,500 | $ 130,375 |
| Madison Ave & East 54th Street | $ 65 | 6,600 | $ 35,970 |
| Park Ave & East 57th Street | $ 88 | 10,800 | $ 79,560 |
| Fifth Ave & West 55th Street West 56th Street | $ 122 | 9,100 | $ 92,213 |
| Fifth Ave & West 53rd Street | $ 88 | 6,400 | $ 47,146 |
| Fifth Ave & East 53rd Street | $ 40 | 5,800 | $ 19,333 |
Nearby Coworking Office Spaces for Rent
| Type of Space | Class A | Class B | Class C |
|---|---|---|---|
| Windowed office/person | $ 2,500/mo | $ 1,500/mo | $ 1,000/mo |
| Interior office/person | $ 1,500/mo | $ 1,000/mo | $ 700/mo |
551 Madison Avenue Medical Spaces
Direct Office Spaces for Rent
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Finnerty Economic Consulting, LLC. Testimonial
551 Madison Avenue
Situated in the Plaza District neighborhood of Manhattan, 551 Madison Avenue is a 17-story office building that provides 149,675 square feet of premium office space available for lease. The building offers excellent connectivity with fiber services from Verizon New York, Lightower, Level 3 Communications, and Cogent Communications. Current tenants include Lacoste and Lacoste USA, Inc., and businesses of all sizes have the option to lease space in the building. Additionally, flexible arrangements such as coworking and subleasing are also possible. Originally constructed in 1922, the building boasts a convenient location near several subway stations including 5 Avenue-53 Street, Lexington Avenue-53 Street, 5 Avenue-59 Street, 51 Street, and 59 Street stations. As of 2021 and 2022, the average rental cost per square foot stands at $70.0, which aligns with the prevailing market rates.
551 Madison Avenue Property Overview
| Bulding Address: | 551 Madison Ave |
| Building Alternate address(es): | 551 Madison Ave |
| Zip Code: | 10022 |
| Neighborhood: | Plaza District |
| Borough: | Manhattan |
| Stories: | 17 |
| Year Built: | 1922 |
| Building Class: | A |
| Block & lot: | 01291-0021 |
Map Location
Internet Providers at 551 Madison Avenue
| Internet Provider | Technology | Max Download Speed | Max Upload Speed |
|---|---|---|---|
| Verizon New York | Fiber | 1 Gb/s | 25 Mb/s |
| Lightower | Fiber | 10 Gb/s | 10 Gb/s |
| Level 3 Communications | Fiber | 10 Gb/s | 10 Gb/s |
| Cogent Communications | Fiber | 10 Gb/s | 10 Gb/s |
Office Tenants Rented / Leased 551 Madison Avenue
Retail Tenants Rented / Leased 551 Madison Avenue
- Three Ocean Partners leased 3,130 SF
- Lacoste leased 35,000 SF
- Lacoste USA, Inc. leased 30,784 SF
- Stralem & Company leased 4,063 SF
- Hennessey & Bienstock LLP leased 3,967 SF
- Convector Capital Manage… leased 2,000 SF
- Imagineer Technology Gr… leased 4,015 SF
Retail Tenants Rented / Leased 551 Madison Avenue
- The Walking Co. leased 3,135 SF
- Allen Edmonds leased 1,306 SF
Nearby Office Tenants Leased
Nearby Retail Tenants Leased
- Aurelius Capital Management leased 15,000 SF at 535 Madison Ave
- Onewire Finance leased 14,000 SF at 540 Madison Ave
- Stanfield Capital leased 11,075 SF at 430 Park Ave
- Fieldpoint Private Bank & Trust leased 11,000 SF at 400 Park Ave
- IMG Worldwide Holdings leased 9,985 SF at 450 Park Ave
- Madison International Realty leased 9,538 SF at 410 Park Ave
- Stanfield Global Strategies leased 7,320 SF at 527 Madison Ave
Nearby Retail Tenants Leased
- Phillips de Pury & Co. leased 25,559 SF at 450 Park Ave
- Oscar Blandi leased 9,300 SF at 545 Madison Ave
- IWC Shaffhausen leased 4,100 SF at 535 Madison Ave
- Carlo Pazolini leased 3,056 SF at 555 Madison Ave
- Honora leased 1,200 SF at 575 Madison Ave
Office Rent 551 Madison Avenue Average
| Year | $ / SF |
|---|---|
| 2018 | 62.0 |
| 2019 | 78.0 |
| 2021 | 70.0 |
| 2022 | 70.0 |
| Year | $ / SF |
|---|---|
| 2020 | 55.91 |
| 2023 | 56.0 |
