|Address:||51 Madison Avenue||Class:||A|
|Cross Streets:||26th & 27th Streets||Size:||1,200,000 SF|
|Year built:||1929||Architect:||Cass Gilbert|
The office building at 51 Madison Avenue near Madison Square Park in Midtown South was designed by Cass Gilbert, the same architect behind the iconic Woolworth Building. It was completed in 1929, boasting a Gothic-inspired architecture and a unique, pyramid-shaped gold roof. The building is a rarity in Manhattan, in that it occupies a full block, between 26th Street, 27th Street, Madison Avenue and Park Avenue South. It was listed on the National Register of Historic Places in 1972 and designated an official New York City landmark in 2000. Nowadays, 51 Madison houses various office-using tenants and offers green office space and top-notch amenities.
1.1 MSF of Class A, LEED-Certified Office Space
The striking tower at 51 Madison Avenue offers 1,159,795 square feet of Class A Madison Square office space, including 25,000 square feet of retail. It’s currently owned by New York Life Real Estate Investors and managed by Cushman & Wakefield. The 40-story building was renovated over the years and brought to modern standards. Amenities include a 24/7 attended lobby, high-speed internet, and direct access to a subway station via the building’s basement floor. 51 Madison has also earned LEED Certification from the USGBC for its sustainable features.
Getting to and from 51 Madison Avenue
The office building at 51 Madison Avenue benefits from an excellent location in Midtown South, offering easy access to Madison Square Park, shopping, dining, and public transportation. Employees within the building have direct access to the 28th Street subway station, which serves the 6 train.
Who is renting office space at 51 Madison Avenue?
51 Madison Avenue houses various high-profile office-using tenants in industries like law, finance, healthcare and engineering. Notable tenants on the building’s roster include MAD, New York Life, which operates its headquarters here, Thornton Tomasetti, Alitalia, and the Henry Luce Foundation.
How much is the rent price for office space at 51 Madison Avenue?
Office asking rents at 51 Madison are roughly on par with, or slightly above the average found in Midtown South, which hovers around $80 per square foot in 2019. The building’s excellent location, sustainable features and proximity to transportation, shopping and dining make it a highly desirable business address for office tenants.
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