|Address:||22 East 40th Street||Class:||B|
|Cross Streets:||39th & 40th Streets||Size:||290,000 SF|
|Year built:||1931||Architect:||Kenneth Franzheim|
The limestone office tower at 275 Madison in Midtown Manhattan was designed by Kenneth Franzheim and was completed in 1931. The Art Deco-style building was designated a historic landmark in 2009, and it currently houses various companies in the legal and financial sector. The building was acquired by RPW Group in 2016 from RFR Realty, for $273 million, and was renovated in 2011 and 2018.
290 KSF of Class B Office Space near Grand Central Station
The office building at 275 Madison offers 290,000 square feet of Class B Grand Central office space, as well as 8,000 square feet of retail. It underwent extensive renovations in 2011, as well as cosmetic refinements in 2018. Amenities at 275 Madison include on-site management by RPW, 24/7 access and security, tenant-controlled HVAC, operable windows, and several food vendors located within the building. The 43-story tower is also located in a prestigious submarket with easy access to Grand Central Terminal and Penn Station.
Getting to and from 275 Madison Avenue
275 Madison benefits from an excellent location in Midtown Manhattan, close to Grand Central Terminal, Penn Station, Times Square, Bryant Park, and all the shopping and dining destinations on Fifth Avenue, Madison Avenue and Park Avenue. Those working in the building have easy access to various major subway lines at Grand Central Station, including the 4, 5, 6, and 7 trains.
Who is renting office space at 275 Madison Avenue?
The 275 Madison office building caters to businesses of all sizes looking for quality law and financial services space. Notable tenants calling the building home include Cushman & Wakefield, Largavista, Hudson Financial Group, Meisner, Kleinberg & Finkel, Corporate Suites, Rosen & Livingston, and MGM, among many others.
How much is the rent price for office space at 275 Madison Avenue?
Office asking rents at 275 Madison are roughly on par, or slightly below, the $87 per square foot average commanded by Midtown Manhattan office space. The building’s excellent location, prestigious tenant roster, and access to Grand Central are highly appealing features for office-using tenants in a variety of industries.