|Address:||63 Madison Avenue||Class:||A|
|Cross Streets:||Madison Avenue & Park Avenue South||Size:||866,400 SF|
|Year built:||1962||Architect:||Carson & Lundin|
The mid-rise office building located at 63 Madison Avenue was completed in 1962, boasting a design by Carson & Lundin. The building, which occupies the entire eastern block front on Madison Avenue between 27th and 28th Streets, was developed for the New York Life Insurance Company. NY Life was headquartered across the street and needed more office space to house its growing staff.
63 Madison, also known as 28 East 28th Street, was renovated in 1999 and 2020. It’s an ideal destination for TAMI (technology, advertising, media, and information) companies looking for quality office space in Midtown South.
866 KSF of Class A Gramercy Park Office Space
63 Madison Avenue provides roughly 866,400 square feet of Class A Gramercy Park office space across 15 floors. The property is owned and managed by a joint venture between George Comfort & Sons, Jamestown, and Loeb Partners. It incorporates 32,000 square feet of ground-floor retail space, high ceilings, industrial-quality construction, and flexible floor plates ranging from 33,700 to 54,100 square feet. The property has also earned LEED Gold certification from the USGBC for its energy-efficient features.
Tenant amenities at 63 Madison Avenue include a renovated lobby, renovated systems, concierge, an outdoor plaza, and a top-floor terrace offering views of Madison Square Park, the Empire State Building, and the Flatiron Building.
Getting to and from 63 Madison Avenue
The office building at 63 Madison Avenue is located just one block from the 28th Street subway station on Park Avenue, connecting tenants to the 6 line. Additionally, the building lies two blocks from the 28th Street-Broadway station, accessing the N, Q, and R lines. Penn Station, Grand Central Terminal, and the 23rd Street PATH station are just a short walk away.
Who is renting office space at 63 Madison Avenue?
63 Madison is a highly sought-after destination for mid-size and large-cap tenants looking for spacious floor plates in Midtown South. Notable tenants include New York Life Insurance, CBS Studio Center, Birchbox, Freshly, and Ziff Davis. A Whole Foods Market store is located on the building’s ground floor.
How much is the rent price for office space at 63 Madison Avenue?
Office asking rents at 63 Madison Avenue range from $70 to $95 per square foot, depending on the terms and the size of the lease. Tenants can negotiate build-outs and even rent reductions or free rent, as Manhattan is currently still very much a tenant’s market and landlords are more flexible.
Image via Google Street View