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587 5th Avenue

Madison Avenue

New York, NY 10017

  • 1,518 - 4,400 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • 24/7 Access✔︎
  • Walk Score®98
  • Noise Index0.47
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  • Availability

    UnitSizePriceInquire
    8th Floor - Suite1,518 sqftInquire for pricing
    8th Floor - Suite2,080 sqftInquire for pricing
    3rd Floor - Suite4,400 sqftInquire for pricing
    • 0.02 mi☕️Toasties
    • 0.03 mi☕️Cafe K
    • 0.04 mi🍺P.J. Moran's
    • 0.04 mi☕️Starbucks Coffee
    • 0.05 mi🥘China Moon
    • 0.05 mi🥘Friday's
    • 0.06 mi🥘Katsuhama
    • 0.06 mi🥘Sushi-tei
    • 0.06 mi🥘Grasp Grill
    • 0.07 mi🥘Connolly's
    • 0.07 mi🥘Hatsuhana
    • 0.08 mi🍺Maggie's Place
    • 0.09 mi☕️Au Bon Pain
    • 0.09 mi🥘Emporium Brasil Restaurant
    • 0.1 mi🥘Sushiden
    • 0.1 mi🥘Wolfgang's Steakhouse
    • 0.12 mi☕️Pret a Manger
    • 0.12 mi☕️Starbucks Coffee
    • 0.14 mi🍺Mad 46
    • 0.14 mi☕️Starbucks Coffee
    • 0.14 mi☕️europa cafe
    • 0.15 mi☕️FreeFoods
    • 0.15 mi🥘Brasserie Ruhlman
    • 0.17 mi🥘Bill's Bar & Burger
    • 0.17 mi🥘Bill's Bar & Burger
    • 0.18 mi☕️Starbucks Coffee
    • 0.18 mi🥘Così
    • 0.18 mi🥘Del Frisco's
    • 0.18 mi☕️Pret A Manger
    • 0.18 mi🍺Rooftop Bar
    • 0.18 mi🍺Vander Bar
    • 0.19 mi🥘Maloney & Porcelli
    • 0.2 mi🥘ammos estiatorio
    • 0.2 mi🚇BDFM47th-50th Streets - Rockefeller Center
    • 0.21 mi☕️Starbucks Coffee
    • 0.22 mi🥘Bobby Van's Steakhouse - Park Ave
    • 0.22 mi☕️Starbucks Coffee
    • 0.22 mi🥘Teresa's
    • 0.22 mi🥘Urban Space
    • 0.22 mi🍺Forty Four
    • 0.22 mi☕️The Beer Bar Cafe Centro
    • 0.23 mi🚗Hippodrome Parking
    • 0.24 mi☕️Gregory Coffee
    • 0.24 mi🥘Del Frisco's
    • 0.24 mi🍺21 Club
    • 0.25 mi☕️Naples 45
    • 0.25 mi☕️Financier
    • 0.26 mi🚗Hippodrome Parking
    • 0.26 mi🥘LA Fonda Del Sol
    • 0.27 mi🥘Tender
    • 0.27 mi☕️Starbucks
    • 0.28 mi🍺Haven Rooftop Bar
    • 0.28 mi🚇EM53rd Street-5th Avenue
    • 0.28 mi☕️Starbucks
    • 0.28 mi☕️Le Pain Quotidien
    • 0.28 mi🥘Burger Heaven
    • 0.29 mi🥘Capital Grille at Time-Life
    • 0.29 mi🥘Fogo de chao
    • 0.29 mi🥘The Modern - The Bar Room
    • 0.29 mi🥘Ted's Montana Grill
    • 0.29 mi☕️Cafe Metro
    • 0.3 mi🚇75th Avenue
    • 0.31 mi🥘St. Andrew's
    • 0.31 mi🥘Sushiden
    • 0.31 mi🚗Alpha Garage
    • 0.31 mi🍺O'Lunney's
    • 0.32 mi☕️Starbucks Coffee
    • 0.32 mi🥘The National
    • 0.32 mi☕️Andaz
    • 0.32 mi☕️Starbucks
    • 0.32 mi🥘Havana Central
    • 0.32 mi☕️Starbucks Coffee
    • 0.33 mi🥘Pera
    • 0.33 mi🥘The Lambs Club
    • 0.33 mi🥘San Martin
    • 0.34 mi🚇651st Street
    • 0.34 mi🥘Iroha
    • 0.34 mi🥘Four Seasons
    • 0.34 mi🍺Jimmy's Corner
    • 0.34 mi☕️Starbucks
    • 0.34 mi🥘Madison & Vine
    • 0.34 mi☕️Breads bakery
    • 0.34 mi🍺BXL Cafe
    • 0.34 mi🥘Curry and Tandoor
    • 0.34 mi🥘Bond45
    • 0.34 mi🚇BDFM42nd Street - Bryant Park
    • 0.34 mi🥘Udon West
    • 0.35 mi🥘Darbar
    • 0.35 mi☕️Waffels and dinges
    • 0.35 mi🥘Le Bernardin
    • 0.35 mi🥘Mozzarella & Vino
    • 0.35 mi🥘New York Luncheonette
    • 0.35 mi🥘Pershing Square
    • 0.35 mi🍺Bill's Gay Nineties
    • 0.35 mi☕️Central Cafe
    • 0.35 mi🍺Connolly's
    • 0.36 mi🥘Planet Hollywood
    • 0.36 mi🥘Aretsky's Patroon
    • 0.36 mi🥘Bryant Park Grill
    • 0.36 mi🍺The Wheeltapper Pub
    • 0.36 mi☕️Starbucks Coffee
    • 0.36 mi☕️Starbucks Coffee
    • 0.36 mi🥘Friday's
    • 0.36 mi☕️Le Pain Quotidien
    • 0.36 mi☕️Starbucks Coffee
    • 0.36 mi🥘Buca di Beppo
    • 0.37 mi🥘Virgil's Real BBQ
    • 0.37 mi🚇S456742nd Street-Grand Central
    • 0.37 mi🚌New York Airport Service
    • 0.37 mi🚇NRW49th Street
    • 0.37 mi☕️FIKA 52 & LEX
    • 0.37 mi🥘The Heavenly Burger
    • 0.37 mi🥘Tony's
    • 0.37 mi🥘TGI Fridays
    • 0.38 mi🥘La Bonne Soupe
    • 0.38 mi🥘Roast Chicken
    • 0.38 mi🥘Grand Central Place
    • 0.38 mi☕️Starbucks Coffee
    • 0.38 mi🥘Il Corso
    • 0.38 mi☕️Market Cafe
    • 0.38 mi🥘The Playwright
    • 0.39 mi🥘Benoit
    • 0.39 mi☕️Starbucks Coffee
    • 0.39 mi🥘Bistro Milano
    • 0.39 mi🥘Brooklyn Diner - Time Square
    • 0.39 mi🥘Five Guys
    • 0.39 mi☕️Southwest Porch
    • 0.39 mi☕️Macchiato Espresso Bar
    • 0.4 mi☕️Kellogg´s Cafe
    • 0.4 mi☕️Starbucks Coffee
    • 0.4 mi☕️Cofeed
    • 0.4 mi🥘Blue Fin
    • 0.4 mi☕️Dunkin' Donuts
    • 0.4 mi🥘Bierhaus
    • 0.4 mi☕️Starbucks
    • 0.4 mi🥘Smith & Wollensky
    • 0.4 mi🍺Cassidy’s
    • 0.41 mi🚗Icon
    • 0.41 mi🍺Whiskey Trader
    • 0.41 mi🍺Caroline's on Broadway
    • 0.41 mi☕️Dunkin' Donuts
    • 0.41 mi🥘Aquavit
    • 0.41 mi🥘Joe's Shanghai
    • 0.41 mi🥘Gourmet 45
    • 0.42 mi🥘Roti
    • 0.42 mi🥘44th Street Minar
    • 0.42 mi☕️Le Pain Quotidien
    • 0.42 mi☕️FIKA Bryant Park
    • 0.42 mi🚇EM53rd Street-Lexington Avenue
    • 0.42 mi🥘Applebee's
    • 0.42 mi🥘Dos Caminos
    • 0.42 mi🥘Bubba Gump Shrimp Co.
    • 0.42 mi🍺The Perfect Pint
    • 0.42 mi🥘Nanking
    • 0.42 mi🚇S42nd Street -Times Square
    • 0.42 mi☕️FIKA Grand Central
    • 0.42 mi🥘Chopt
    • 0.43 mi🥘Ootoya
    • 0.43 mi🚇150th Street
    • 0.43 mi🥘Salute
    • 0.43 mi🥘Pampano
    • 0.43 mi🥘Ellen's Stardust Dinner
    • 0.43 mi🥘Hard Rock Cafe
    • 0.44 mi🥘Menkui Teu
    • 0.44 mi🥘Sparks Steak House
    • 0.44 mi🚗Quik Park
    • 0.44 mi☕️Starbucks
    • 0.44 mi🚗Champion
    • 0.44 mi☕️Cafe Edison
    • 0.44 mi☕️Europa Cafe
    • 0.44 mi🥘Carmine's
    • 0.44 mi🥘The View Restaurant & Lounge
    • 0.44 mi🥘Hillstone
    • 0.44 mi🍺Rosie O'Grady's Saloon
    • 0.44 mi☕️Cafe Metro
    • 0.44 mi🥘Beyond Sushi
    • 0.44 mi☕️Mangia Organic
    • 0.45 mi☕️Starbucks Coffee
    • 0.45 mi🥘Mexicue
    • 0.45 mi🥘Comfort Diner
    • 0.45 mi🍺The Shakespeare
    • 0.46 mi🍺EVR NYC
    • 0.46 mi🌲Turtle Bay Gardens Historic District
    • 0.47 mi🚌bus m101
    • 0.47 mi🍺Park Avenue Tavern
    • 0.47 mi🥘Luke's Lobster
    • 0.48 mi🍺Nall's Irish Pub & Restaurant

    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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    SquareFoot does not represent the building. Pricing is estimated based on market averages. Information is deemed reliable but not guaranteed.