|Address:||232 Madison Avenue||Class:||B|
|Cross Streets:||Size:||130,000 SF|
The office building located at 232 Madison Avenue in Midtown Manhattan was completed back in 1925, boasting a design by architects Polhemus & Coffin. The Murray Hill building once housed various companies in the silk industry, but in the 1950s, it became a hotspot for advertising agencies, as was the case for most buildings on Madison Avenue.
The building was renovated over the years, and today it maintains its original design and houses various office tenants in different creative industries.
130,000 SF of Class B Murray Hill Office Space
The building rising at 232 Madison Avenue offers 130,000 square feet of Class B Murray Hill office space. The 16-story property is owned and managed by Princeton International Properties, and was completely renovated in 2009. The renovation included the restoration of the building’s facade, the addition of new windows and elevators, and updating the lobby and hallways.
Amenities at 232 Madison include an attended lobby and 24/7 access, floor plates ranging from 4,000 to 9,000 square feet, views of the Empire State Building and Madison Avenue, and on-site property management.
Getting to and from 232 Madison Avenue
The building is located in close proximity to Herald Square, with access to the B, D, F and M trains, and Grand Central Terminal, with access to the 4, 5, 6, and 7 trains, as well as Amtrak and MetroNorth. The excellent Murray Hill location connects those working within the building to a plethora of dining and retail venues in the area.
Who is renting office space at 232 Madison Avenue?
The 232 Madison Avenue building continues to house creative office tenants, operating in industries such as media and publishing, advertising, and technology. Notable tenants renting office space at 232 Madison Avenue include Russian Standard Vodka, Princeton International Properties, Mohr Partners, InfoPro Digital USA, and Premier Technology Solutions.
How much is the rent price for office space at 232 Madison Avenue?
Given that it’s a Class B property, 232 Madison Avenue tends to be significantly more affordable than Class A assets in the same area. Office asking rents at the building start somewhere around $60 per square foot, while the average commanded in Midtown Manhattan hovers around $90 per square foot, or even higher.