|Address:||171 Madison Avenue||Class:||B|
|Cross Streets:||33rd & 34th Streets||Size:||136,000 SF|
The office building at 171 Madison in Midtown Manhattan was originally built in 1918, with a design by William H. Gompert. Also known as the Nap Building or the Lewittes Building, 171 Madison is located just one block from the iconic Empire State Building, and offers easy access to the bustling Nomad area of Manhattan. The building currently houses various office tenants in industries like law, finance, media and technology.
136 KSF of Class B Office Space in Murray Hill
The property at 171 Madison Avenue features 136,000 square feet of Class B Murray Hill office space across 17 floors. It is currently owned and managed by GFP Real Estate.
Amenities at the building include three passenger elevators and one freight elevator, a new lobby and a new building entrance, excellent natural light with exposure on three sides, and 24/7 tenants access. The average floor size is 8,400 square feet, and both full-floor and partial-floor spaces are available.
Getting to and from 171 Madison Avenue
The office building at 171 Madison Avenue benefits from an excellent location in Murray Hill, just one block from the Empire State Building. The asset is convenient to the 33rd Street subway station, serving the 4, 5, and 6 lines, and to 34th Street-Herald Square station, serving the B, D, F, M, N, Q, R, and Q lines. Grand Central Terminal is also within walking distance, from Madison Avenue onto 42nd Street.
Who is renting office space at 171 Madison Avenue?
171 Madison Avenue is home to various office-using tenants operating in a wide range of industries, from law and finance to media and publishing. Notable tenants on the building’s tenant roster include Gropper Law Group, Commerce Coverage, Moguldom Media Group, Viceroy Collections, Aon, and the Lawyers Alliance for New York. Retail tenants include 7-Eleven and Regina’s Pizza.
How much is the rent price for office space at 171 Madison Avenue?
Office asking rents at 171 Madison Avenue are roughly on par with the Midtown Manhattan average, which reached a post-recession peak of $88 per square foot in 2019. The excellent location, connecting workers to a plethora of public transportation options, and to various shopping and dining destinations, makes 171 Madison a desirable location for office-using tenants.