|Address:||41 Madison Avenue||Class:||A|
|Cross Streets:||Madison Avenue & Park Avenue South||Size:||560,000 SF|
|Year built:||1971||Architect:||Emery Roth & Sons|
The office building at 41 Madison Avenue, also known as Forty One Madison, was originally completed in 1971, with a design by Emery Roth & Sons. It was developed on the site of a former mansion owned by Leonard Jerome, the grandfather of Winston Churchill.
The 42-story tower was built to house tableware and decorations companies and incorporated exclusively trade facility and showroom space. Forty One Madison is home to New York Merchandise Mart, the premier tabletop destination in NYC, which houses 21 floors of showroom space from over 90 manufacturers and 200 brands. The New York Merchandise Mart is home to the bi-annual New York Tabletop Show, where retailers, designers, architects, and other tabletop professionals meet and experience the latest offerings in the industry.
The rest of the building at 41 Madison Avenue consists of Class A office space and houses high-profile tenants in financial services, communications, media, and recruitment.
560 KSF of Class A Gramercy Park Office Space
Forty One Madison offers 560,000 square feet of Class A Gramercy Park office space across its 42 stories. It also incorporates ground-floor retail space and was renovated in 2017. The building boasts a renovated lobby, lounge, and meeting and conference space, redesigned by Skidmore, Owings & Merrill.
Owned by Rudin Management, the property has floor plates averaging 15,500 square feet. It offers tenants amenities such as a spacious outdoor plaza, a messenger center, state-of-the-art meeting and event space, 24/7 security, concierge, and stunning views of Chelsea, Midtown, and Madison Square Park.
Getting to and from 41 Madison Avenue
The office tower at 41 Madison Avenue benefits from an excellent location in the heart of Midtown South, steps away from Madison Square Park. Those working in the building have easy access to a plethora of shopping, dining, and leisure destinations, as well as public transportation. The 23rd Street subway station is just a short walk away, providing access to the N, R, and W lines.
Who is renting office space at 41 Madison Avenue?
Forty One Madison is home to various high-profile tenants in communications, media, architecture and design, fashion, financial services, and marketing. Notable tenants include LinkedIn, Hermes, Regus, The Henry Luce Foundation, Perlman + Perlman, Jay Companies, Blue Spark Capital Advisors, and Villeroy & Boch.
How much is the rent price for office space at 42 Madison Avenue?
Office asking rents at 41 Madison Avenue are roughly on par with the average commanded for Class A Midtown South office space. Rents at Forty One Madison hover around $70-$75 per square foot but can vary depending on the lease’s size, length, and terms. Discounts and build-outs might be negotiated with the landlord, Rudin Management.
Image via Google Street View