brandsquarefoot

551 5th Avenue

Madison Avenue

New York, NY 10176

  • 867 - 20,955 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • Turnstile✔︎
  • 24/7 Access✔︎
  • Walk Score®98
  • Year Built1926
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  • Availability

    UnitSizePriceInquire
    5th Floor867 sqftInquire for pricing
    Suite 19231,648 sqftInquire for pricing
    4th Floor2,383 sqftInquire for pricing
    Suite 20402,389 sqftInquire for pricing
    Suite 6202,462 sqftInquire for pricing
    Suite 6162,650 sqftInquire for pricing
    Office Space2,653 sqftInquire for pricing
    11th Floor - Suite 11202,676 sqftInquire for pricing
    Partial 26th Floor - Suite3,031 sqftInquire for pricing
    Suite 14253,236 sqftInquire for pricing
    Suite 36003,444 sqftInquire for pricing
    Office Space3,873 sqftInquire for pricing
    20th Floor4,609 sqftInquire for pricing
    29th Floor5,180 sqftInquire for pricing
    31st Floor - Entire Suite5,645 sqftInquire for pricing
    30th Floor - Suite 30005,709 sqftInquire for pricing
    14th Floor7,563 sqftInquire for pricing
    Entire 26th Floor - Suite 260010,118 sqftInquire for pricing
    Office Space10,305 sqftInquire for pricing
    Office Space20,853 sqftInquire for pricing
    9th Floor20,955 sqftInquire for pricing
    • 0.03 mi☕️Starbucks Coffee
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    • 0.07 mi🥘Emporium Brasil Restaurant
    • 0.08 mi☕️Starbucks Coffee
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    • 0.1 mi🥘China Moon
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    • 0.12 mi🍺Maggie's Place
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    • 0.12 mi☕️Starbucks Coffee
    • 0.12 mi☕️Au Bon Pain
    • 0.13 mi☕️Cafe K
    • 0.13 mi☕️Toasties
    • 0.14 mi🥘Grasp Grill
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    • 0.14 mi🥘ammos estiatorio
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    • 0.17 mi☕️Starbucks
    • 0.17 mi☕️The Beer Bar Cafe Centro
    • 0.18 mi☕️Starbucks Coffee
    • 0.18 mi🚗Hippodrome Parking
    • 0.18 mi☕️Cafe Metro
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    • 0.19 mi🚇75th Avenue
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    • 0.2 mi🥘Bobby Van's Steakhouse - Park Ave
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    • 0.21 mi☕️Naples 45
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    • 0.25 mi🥘Bryant Park Grill
    • 0.25 mi☕️Breads bakery
    • 0.25 mi🥘Brasserie Ruhlman
    • 0.26 mi🚇BDFM47th-50th Streets - Rockefeller Center
    • 0.26 mi☕️Starbucks Coffee
    • 0.26 mi☕️Financier
    • 0.26 mi🚇BDFM42nd Street - Bryant Park
    • 0.26 mi☕️Waffels and dinges
    • 0.26 mi☕️Central Cafe
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    • 0.27 mi☕️Le Pain Quotidien
    • 0.27 mi🥘The Heavenly Burger
    • 0.27 mi🥘Bill's Bar & Burger
    • 0.28 mi🥘Bill's Bar & Burger
    • 0.28 mi☕️Starbucks Coffee
    • 0.28 mi🥘Tender
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    • 0.28 mi🥘Del Frisco's
    • 0.28 mi☕️Starbucks Coffee
    • 0.28 mi🍺Haven Rooftop Bar
    • 0.28 mi🍺BXL Cafe
    • 0.28 mi🚌New York Airport Service
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    • 0.29 mi🚇S456742nd Street-Grand Central
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    • 0.35 mi🥘Aretsky's Patroon
    • 0.35 mi☕️Starbucks Coffee
    • 0.35 mi☕️FIKA Grand Central
    • 0.35 mi🍺21 Club
    • 0.35 mi🍺The Shakespeare
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    • 0.35 mi🥘Sushiden
    • 0.35 mi🥘Ootoya
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    • 0.35 mi🥘Friday's
    • 0.36 mi🥘Capital Grille at Time-Life
    • 0.36 mi🥘Mexicue
    • 0.36 mi☕️Macchiato Espresso Bar
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    • 0.37 mi🚇S42nd Street -Times Square
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    • 0.39 mi🚇EM53rd Street-5th Avenue
    • 0.39 mi☕️Le Pain Quotidien
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    • 0.39 mi🥘The Counter
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    • 0.4 mi🚇NQRW42nd Street - Times Square
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    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 country’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 community’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 Sanitation’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 don’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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