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554 5th Avenue

Madison Avenue

New York, NY 10036

  • inquire for pricing

Building Details

  • Walk Score®100
  • Noise Index0.67

This six story, elevator building, has retail on the ground and 2nd floors with full floor suites on each floor above. Multilevel flagship opportunity on the top retail corridor in the world. More than 500,000 people walk the corridor daily. The Fifth Avenue retail corridor has generated over $4 Billion in sales annually. Just blocks from St. Patrick’s Cathedral and Rockefeller Center, which boast over 19 million visitors annually. Tenants: Zara, Joe Fresh, Saks Fifth Avenue, Tommy Bahama, Ted Baker, Camper, H&M, Guess, Michael Kors, Ann Taylor, Sephora, Lacoste, Aritzia, Oakley, Desigual, Karen Millen.

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  • Sample Units

    UnitSizePriceInquire
    Small2,500 sqftInquire for pricing
    Medium5,000 sqftInquire for pricing
    Large10,000 sqftInquire for pricing
    Whole Floor20,000 sqftInquire for pricing
    • 0.04 mi☕️Starbucks Coffee
    • 0.05 mi☕️europa cafe
    • 0.06 mi🥘Emporium Brasil Restaurant
    • 0.07 mi🥘Wolfgang's Steakhouse
    • 0.07 mi☕️Starbucks Coffee
    • 0.07 mi☕️FreeFoods
    • 0.08 mi🥘Connolly's
    • 0.09 mi🥘China Moon
    • 0.09 mi🥘Sushi-tei
    • 0.1 mi🥘Katsuhama
    • 0.11 mi🍺Mad 46
    • 0.11 mi🍺Maggie's Place
    • 0.11 mi☕️Cafe K
    • 0.11 mi☕️Toasties
    • 0.11 mi☕️Au Bon Pain
    • 0.13 mi🥘Grasp Grill
    • 0.13 mi🥘Così
    • 0.13 mi🍺P.J. Moran's
    • 0.13 mi☕️Starbucks Coffee
    • 0.14 mi🥘Hatsuhana
    • 0.14 mi🍺Vander Bar
    • 0.15 mi🥘Friday's
    • 0.15 mi🥘ammos estiatorio
    • 0.15 mi🥘Urban Space
    • 0.16 mi🍺Forty Four
    • 0.16 mi🚗Hippodrome Parking
    • 0.17 mi☕️Gregory Coffee
    • 0.18 mi☕️The Beer Bar Cafe Centro
    • 0.18 mi☕️Starbucks Coffee
    • 0.18 mi☕️Pret a Manger
    • 0.18 mi☕️Starbucks
    • 0.19 mi🥘Sushiden
    • 0.19 mi🚗Hippodrome Parking
    • 0.19 mi☕️Starbucks Coffee
    • 0.2 mi☕️Pret A Manger
    • 0.2 mi☕️Cafe Metro
    • 0.2 mi🥘LA Fonda Del Sol
    • 0.2 mi🥘Bobby Van's Steakhouse - Park Ave
    • 0.21 mi🚇75th Avenue
    • 0.21 mi☕️Naples 45
    • 0.22 mi☕️Starbucks Coffee
    • 0.22 mi☕️Starbucks
    • 0.22 mi☕️Andaz
    • 0.23 mi🍺Rooftop Bar
    • 0.24 mi🥘Pera
    • 0.24 mi🥘Brasserie Ruhlman
    • 0.25 mi🚇BDFM47th-50th Streets - Rockefeller Center
    • 0.25 mi☕️Starbucks
    • 0.25 mi🥘Madison & Vine
    • 0.25 mi☕️Starbucks Coffee
    • 0.26 mi☕️Financier
    • 0.26 mi🥘Bill's Bar & Burger
    • 0.26 mi🥘Bill's Bar & Burger
    • 0.26 mi☕️Breads bakery
    • 0.27 mi🥘Bryant Park Grill
    • 0.27 mi🥘Del Frisco's
    • 0.27 mi🥘Maloney & Porcelli
    • 0.27 mi🚇BDFM42nd Street - Bryant Park
    • 0.27 mi☕️Waffels and dinges
    • 0.27 mi☕️Starbucks Coffee
    • 0.27 mi☕️Central Cafe
    • 0.27 mi🥘Tender
    • 0.27 mi🥘Del Frisco's
    • 0.28 mi🥘Pershing Square
    • 0.28 mi🍺Haven Rooftop Bar
    • 0.28 mi☕️Le Pain Quotidien
    • 0.29 mi🥘The Heavenly Burger
    • 0.29 mi☕️Starbucks Coffee
    • 0.29 mi☕️Starbucks Coffee
    • 0.29 mi🥘The Lambs Club
    • 0.29 mi🍺BXL Cafe
    • 0.29 mi🍺O'Lunney's
    • 0.29 mi🥘St. Andrew's
    • 0.29 mi🚌New York Airport Service
    • 0.3 mi🍺Jimmy's Corner
    • 0.3 mi🥘Teresa's
    • 0.3 mi🥘Grand Central Place
    • 0.3 mi🚇S456742nd Street-Grand Central
    • 0.31 mi☕️Southwest Porch
    • 0.31 mi☕️Starbucks Coffee
    • 0.31 mi🥘Havana Central
    • 0.31 mi🥘Bond45
    • 0.32 mi☕️Cofeed
    • 0.32 mi🍺The Wheeltapper Pub
    • 0.33 mi🥘Tony's
    • 0.33 mi🥘Virgil's Real BBQ
    • 0.33 mi🥘Curry and Tandoor
    • 0.33 mi☕️Le Pain Quotidien
    • 0.33 mi🥘Udon West
    • 0.34 mi🥘Planet Hollywood
    • 0.34 mi🍺21 Club
    • 0.34 mi🥘Darbar
    • 0.34 mi🥘Salute
    • 0.34 mi☕️Market Cafe
    • 0.34 mi🥘Sushiden
    • 0.34 mi🥘Buca di Beppo
    • 0.35 mi☕️FIKA Bryant Park
    • 0.35 mi🥘Brooklyn Diner - Time Square
    • 0.35 mi🥘Aretsky's Patroon
    • 0.35 mi🥘Capital Grille at Time-Life
    • 0.35 mi🥘Friday's
    • 0.35 mi🥘Ted's Montana Grill
    • 0.35 mi☕️Mangia Organic
    • 0.35 mi☕️Starbucks Coffee
    • 0.36 mi☕️FIKA Grand Central
    • 0.36 mi🥘Ootoya
    • 0.36 mi☕️Starbucks Coffee
    • 0.36 mi🍺The Shakespeare
    • 0.37 mi☕️Macchiato Espresso Bar
    • 0.37 mi🥘Iroha
    • 0.37 mi🥘San Martin
    • 0.37 mi🍺EVR NYC
    • 0.37 mi🥘The National
    • 0.37 mi🥘Mexicue
    • 0.37 mi🚇S42nd Street -Times Square
    • 0.37 mi☕️Cafe Metro
    • 0.37 mi🥘Roti
    • 0.37 mi🚇EM53rd Street-5th Avenue
    • 0.37 mi☕️Le Pain Quotidien
    • 0.38 mi🥘Burger Heaven
    • 0.38 mi🥘Fogo de chao
    • 0.38 mi☕️Dunkin' Donuts
    • 0.38 mi🥘Bierhaus
    • 0.38 mi🥘The Modern - The Bar Room
    • 0.38 mi🥘Chopt
    • 0.39 mi🍺Park Avenue Tavern
    • 0.39 mi🥘44th Street Minar
    • 0.39 mi🥘Bubba Gump Shrimp Co.
    • 0.39 mi🚇651st Street
    • 0.39 mi🍺Blaggards Pub
    • 0.39 mi🥘Hard Rock Cafe
    • 0.39 mi🥘The Australian
    • 0.4 mi🥘New York Luncheonette
    • 0.4 mi🥘The Counter
    • 0.4 mi🚇NRW49th Street
    • 0.4 mi☕️Europa Cafe
    • 0.4 mi🥘Gourmet 45
    • 0.4 mi🥘Le Bernardin
    • 0.4 mi🚗Alpha Garage
    • 0.4 mi☕️Moonstruck
    • 0.4 mi🥘Blue Fin
    • 0.41 mi🍺The Perfect Pint
    • 0.41 mi🥘Roast Chicken
    • 0.41 mi🥘Four Seasons
    • 0.41 mi🥘Carmine's
    • 0.41 mi🥘The Playwright
    • 0.41 mi🚇NQRW42nd Street - Times Square
    • 0.41 mi🥘Ruby Tuesday
    • 0.42 mi🍺Silverleaf Tavern
    • 0.42 mi🥘TGI Fridays
    • 0.42 mi☕️Starbucks Coffee
    • 0.42 mi☕️Kellogg´s Cafe
    • 0.42 mi🥘Heartland Brewery
    • 0.42 mi☕️Starbucks
    • 0.43 mi🥘Cafe China
    • 0.43 mi🥘The View Restaurant & Lounge
    • 0.43 mi☕️Ben&jerry
    • 0.43 mi🥘Sparks Steak House
    • 0.43 mi🥘Scotty's Dinner
    • 0.43 mi🥘Junior's
    • 0.43 mi🥘House of Lasagne
    • 0.43 mi🚇12342nd Street - Times Square
    • 0.43 mi🥘Sinigual
    • 0.43 mi🥘Smith & Wollensky
    • 0.43 mi🥘Comfort Diner
    • 0.43 mi🚇12342nd Street - Times Square
    • 0.44 mi🚇12342nd Street - Times Square
    • 0.44 mi🥘Mozzarella & Vino
    • 0.44 mi🚇12342nd Street - Times Square
    • 0.44 mi☕️FIKA 52 & LEX
    • 0.44 mi🥘Red Lobster
    • 0.44 mi🍺Bill's Gay Nineties
    • 0.44 mi🥘Luke's Lobster
    • 0.44 mi🍺Connolly's
    • 0.44 mi☕️Cafe Edison
    • 0.44 mi🍺Caroline's on Broadway
    • 0.45 mi🚇742nd Street - Times Square
    • 0.46 mi🍺Rum House
    • 0.46 mi🥘Applebee's
    • 0.46 mi🚗Quik Park
    • 0.46 mi🚇150th Street
    • 0.46 mi🥘Nanking
    • 0.47 mi🚗Icon
    • 0.47 mi🥘Ellen's Stardust Dinner
    • 0.48 mi🥘Scarlatto
    • 0.48 mi🥘Glass House Tavern

    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.
     

    Busy Madison Avenue Aerial ViewMadison Avenue Building View From GroundMadison Avenue Straight ahead view on street

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