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516 Madison Avenue

Madison Avenue

New York, NY 10022

  • 7,812 sqft
  • inquire for pricing
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  • Availability

    UnitSizePriceInquire
    Entire 42nd Floor7,812 sqftInquire for pricing
    • 0.04 mi๐ŸบBill's Gay Nineties
    • 0.05 mi๐Ÿš—Alpha Garage
    • 0.06 mi๐Ÿฅ˜Burger Heaven
    • 0.06 miโ˜•๏ธLe Pain Quotidien
    • 0.08 miโ˜•๏ธStarbucks Coffee
    • 0.1 mi๐Ÿฅ˜Aquavit
    • 0.11 mi๐Ÿš‡EM53rd Street-5th Avenue
    • 0.15 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.17 mi๐Ÿฅ˜Four Seasons
    • 0.18 miโ˜•๏ธNinth Street Espresso
    • 0.18 mi๐Ÿฅ˜The Modern - The Bar Room
    • 0.18 mi๐Ÿบ21 Club
    • 0.18 mi๐Ÿฅ˜Maloney & Porcelli
    • 0.18 miโ˜•๏ธStarbucks
    • 0.19 miโ˜•๏ธFIKA 52 & LEX
    • 0.2 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.21 mi๐Ÿฅ˜Joe's Shanghai
    • 0.21 miโ˜•๏ธDunkin' Donuts
    • 0.21 miโ˜•๏ธLittle Collins
    • 0.21 mi๐Ÿฅ˜Mozzarella & Vino
    • 0.22 mi๐Ÿฅ˜Five Guys
    • 0.22 mi๐Ÿš‡EM53rd Street-Lexington Avenue
    • 0.22 mi๐Ÿฅ˜Fogo de chao
    • 0.22 mi๐Ÿฅ˜La Bonne Soupe
    • 0.22 mi๐Ÿฅ˜Little Collins
    • 0.22 mi๐Ÿฅ˜Palace
    • 0.23 mi๐Ÿฅ˜Sushiden
    • 0.23 mi๐Ÿฅ˜Brasserie Ruhlman
    • 0.23 mi๐Ÿฅ˜Del Frisco's
    • 0.23 mi๐Ÿฅ˜Il Corso
    • 0.23 mi๐ŸบConnolly's
    • 0.24 mi๐Ÿš‡651st Street
    • 0.24 mi๐Ÿฅ˜Benoit
    • 0.24 miโ˜•๏ธStarbucks Coffee
    • 0.24 mi๐Ÿฅ˜The Fitz
    • 0.25 miโ˜•๏ธPret a Manger
    • 0.25 mi๐Ÿฅ˜Hillstone
    • 0.25 mi๐Ÿฅ˜Bistro Milano
    • 0.26 mi๐Ÿฅ˜Teresa's
    • 0.26 mi๐ŸบCassidyโ€™s
    • 0.27 miโ˜•๏ธStarbucks
    • 0.27 mi๐ŸบWhiskey Trader
    • 0.27 mi๐Ÿฅ˜The National
    • 0.27 mi๐ŸบRooftop Bar
    • 0.27 mi๐Ÿฅ˜Menkui Teu
    • 0.27 miโ˜•๏ธJuan Valdez
    • 0.28 miโ˜•๏ธStarbucks
    • 0.28 mi๐Ÿฅ˜Beyond Sushi
    • 0.28 mi๐Ÿฅ˜Friday's
    • 0.28 mi๐Ÿฅ˜Hatsuhana
    • 0.28 miโ˜•๏ธStarbucks Coffee
    • 0.28 mi๐ŸบP.J. Moran's
    • 0.28 mi๐Ÿฅ˜New York Luncheonette
    • 0.29 mi๐Ÿฅ˜Mangia
    • 0.29 mi๐Ÿฅ˜Grasp Grill
    • 0.3 mi๐Ÿฅ˜Harry Cipriani
    • 0.3 miโ˜•๏ธCafe K
    • 0.3 miโ˜•๏ธToasties
    • 0.3 mi๐ŸšŒbus m101
    • 0.3 miโ˜•๏ธStarbucks
    • 0.31 mi๐Ÿฅ˜Betony
    • 0.31 mi๐Ÿฅ˜P.J. Clarkeโ€™s
    • 0.32 mi๐Ÿฅ˜Rue 57
    • 0.32 mi๐Ÿฅ˜San Martin
    • 0.32 mi๐Ÿฅ˜Katsuhama
    • 0.32 mi๐ŸบMaggie's Place
    • 0.32 miโ˜•๏ธAu Bon Pain
    • 0.33 mi๐Ÿฅ˜Sushi-tei
    • 0.33 miโ˜•๏ธStarbucks
    • 0.33 miโ˜•๏ธJamba Juice
    • 0.33 mi๐Ÿš‡NRW5th Avenue โ€“ 59th Street
    • 0.33 mi๐Ÿฅ˜China Moon
    • 0.33 mi๐Ÿš‡F57th Street
    • 0.34 miโ˜•๏ธFIKA 58th Street
    • 0.34 mi๐Ÿฅ˜Hudson Malone
    • 0.34 mi๐Ÿฅ˜Connolly's
    • 0.35 miโ˜•๏ธStarbucks Coffee
    • 0.35 mi๐Ÿฅ˜Wayfarer
    • 0.35 mi๐Ÿฅ˜Dos Caminos
    • 0.35 mi๐ŸบNall's Irish Pub & Restaurant
    • 0.35 mi๐Ÿฅ˜Le Parker Meridien Burger
    • 0.35 mi๐Ÿฅ˜Angelo Bellini
    • 0.36 mi๐Ÿš‡45659th Street
    • 0.36 mi๐Ÿฅ˜Capital Grille at Time-Life
    • 0.36 mi๐Ÿฅ˜Ted's Montana Grill
    • 0.37 mi๐Ÿฅ˜Smith & Wollensky
    • 0.38 mi๐Ÿš‡BDFM47th-50th Streets - Rockefeller Center
    • 0.38 mi๐Ÿš‡NRW59th Street-Lexington Avenue
    • 0.38 miโ˜•๏ธFinancier
    • 0.39 mi๐Ÿฅ˜Serendipity 3
    • 0.39 mi๐Ÿฅ˜Wolfgang's Steakhouse
    • 0.39 mi๐ŸบMad 46
    • 0.4 mi๐Ÿฅ˜Bobby Van's Steakhouse - Park Ave
    • 0.4 mi๐Ÿฅ˜Pampano
    • 0.4 mi๐Ÿฅ˜Emporium Brasil Restaurant
    • 0.4 mi๐Ÿš—Icon
    • 0.41 mi๐Ÿ’ชEquinox
    • 0.41 mi๐Ÿฅ˜Del Frisco's
    • 0.42 mi๐Ÿฅ˜Le Bernardin
    • 0.42 miโ˜•๏ธStarbucks Coffee
    • 0.42 miโ˜•๏ธPret A Manger
    • 0.42 mi๐ŸบVander Bar
    • 0.43 miโ˜•๏ธStarbucks
    • 0.43 mi๐ŸบOld Castle
    • 0.43 miโ˜•๏ธBlue Dog
    • 0.44 mi๐Ÿš—Champion
    • 0.44 mi๐Ÿฅ˜Russian Tea Room
    • 0.44 mi๐Ÿฅ˜Cosรฌ
    • 0.44 mi๐Ÿฅ˜Chipotle
    • 0.44 miโ˜•๏ธpick a bagel
    • 0.45 mi๐Ÿฅ˜ammos estiatorio
    • 0.45 miโ˜•๏ธCafรฉ Metro
    • 0.45 mi๐ŸบThe Irish Pub
    • 0.45 miโ˜•๏ธStarbucks
    • 0.45 miโ˜•๏ธStarbucks Coffee
    • 0.45 mi๐Ÿฅ˜Sushiden
    • 0.45 mi๐Ÿฅ˜Park Cafe
    • 0.45 mi๐Ÿฅ˜Curry and Tandoor
    • 0.46 miโ˜•๏ธNaples 45
    • 0.46 miโ˜•๏ธeuropa cafe
    • 0.46 mi๐Ÿฅ˜Lasagna
    • 0.46 mi๐Ÿฅ˜Udon West
    • 0.46 mi๐ŸŒฒTurtle Bay Gardens Historic District
    • 0.46 mi๐Ÿฅ˜Darbar
    • 0.46 mi๐Ÿฅ˜CoolMess
    • 0.46 mi๐Ÿฅ˜The Smith
    • 0.46 miโ˜•๏ธStarbucks
    • 0.46 miโ˜•๏ธThe Beer Bar Cafe Centro
    • 0.46 mi๐Ÿฅ˜RED 58
    • 0.46 mi๐Ÿฅ˜Aretsky's Patroon
    • 0.47 miโ˜•๏ธFreeFoods

    Neighborhood

    Madison Avenue

    Stretching from Madison Square to East Harlem, Madison Avenue is one of the most iconic streets in America and has been home to some of the countryโ€™s most influential businesses. Madison Avenue has been closely associated with the luxury and advertising world for the past century, but the Don Drapers of the world no longer dominate the area. Madison Avenue offices are home to international retail brands, law firms, creative agencies, hedge funds, consulting firms, and tech startups. Options include long-term rentals, short-term leases, coworking, and shared offices.

    Stretching about 6 miles North to South, Madison Avenue brings you close to dozens of popular neighborhoods and landmarks, including the Flatiron District, the Empire State Building, Grand Central Station, Bryant Park, Murray Hill, Rockefeller Center, Midtown East, Park Avenue, the Upper East Side, and East Harlem. However, the standard Fifth/Madison submarket stretches from around 47th Street in the South to 65th Street, with Sixth Avenue and Madison serving as the East-West borders.

    Madison Avenue Office Space | Lease Data & Trends

    The Fifth/Madison Avenue market is one of the premium submarkets in Manhattan, with more than 24 million square feet of easily accessible office space. The average rent price for Madison Avenue office space is $99 per square foot, among the highest rates in NYC. For office leases in Class A buildings, that average rent price rises to $105 per square foot. The high price is due to the quality of buildings, and high foot traffic that is crucial to retail brands.

    One of the many perks of renting office space on Madison Avenue is the communityโ€™s commitment to keeping the street clean and beautiful. The Madison Avenue Business Improvement District has committed to helping property owners maintain a litter and graffiti-free environment, with a professional cleaning crew supporting the Department of Sanitationโ€™s efforts to collect garbage, line and empty trash bins, remove snow from sidewalks, and remove stickers and flyers. The group has also led a local beautification initiative, planting dozens of trees along the street.

    Popular office buildings include 11 East 44 Street, 350 Madison Avenue, and 340 Madison Avenue.

    Transportation: Getting to, From, and Around Madison Avenue

    Given its location in the heart of Manhattan, we donโ€™t recommend trying to drive near or around Madison Avenue (if you must, brace yourself for traffic, and factor parking into your budget). Office tenants instead can take advantage of a range of public transit options, along with protected bike lanes in Central Park and along 1st and 2nd Avenues.

    Employees based in Queens or North Brooklyn can bike across the Queensboro Bridge, and Roosevelt Island residents can take the train or tram. There are a dozen CitiBike docking stations within the Fifth/Madison submarket, with many additional stations on Park and Lexington Avenues.

    The Lexington Avenue line (4 and 5 express trains, 6 local) runs parallel to Madison Avenue, and the newly completed Q train extension runs through the Upper East Side. Offices located closer to Midtown have more extensive transit options, including the F, M, N, Q, R, and W trains, local and express buses, and Metro-North trains that run from Westchester, Putnam, and Dutchess Counties and areas in Connecticut to Grand Central Station.

    Why Employees Love the Fifth/Madison Area

    In addition to plenty of transit options and proximity to Central Park, The Madison Avenue area offers hundreds, if not thousands, of restaurants, coffee shops, and bars for employees and clients to enjoy within walking distance. Our brokers are particularly fond of Viand, Little Collins, and Amali. Employees are also a short walk from the Museum of Modern Art, Metropolitan Museum of Art, the Frick Museum, and the Transit Museum.

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