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54 Madison Avenue

Gramercy Park

New York, NY 10010

  • 9,261 - 18,783 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerThor Equities
  • Floors17
  • Height226
  • ArchitectEmery Roth & Sons, Moed de Armas & Shannon
  • Walk Scoreยฎ100
  • Year Built1956

Located on the corner of Madison and 55th Street, 545 Madison boasts accessibility to both plentiful transit and excellent amenities. A LEED Gold-certified building, the interior and exterior were overhauled for impressive and modern renovations. The curtain wall facade ensures cascading sunlight throughout the building. The attended lobby is impressive and welcoming, with warm wood paneling and recessed lighting.

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  • Availability

    UnitSizePriceInquire
    12th Floor9,261 sqftInquire for pricing
    4th Floor - Suite 40018,783 sqftInquire for pricing
    Suite 24118,783 sqftInquire for pricing
    • 0.02 mi๐Ÿฅ˜Essen Fast Slow Food
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    • 0.04 mi๐Ÿฅ˜Shorty's
    • 0.04 mi๐Ÿฅ˜Choza Tacqueria
    • 0.07 miโ˜•๏ธExki
    • 0.08 miโ˜•๏ธDunkin' Donuts
    • 0.11 mi๐Ÿฅ˜Dos Caminos
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    • 0.11 mi๐Ÿฅ˜Eleven Madison Park
    • 0.11 mi๐Ÿฅ˜Chipotle
    • 0.12 mi๐Ÿฅ˜ilili
    • 0.12 mi๐Ÿฅ˜Milleseme
    • 0.12 mi๐Ÿฅ˜Wagamama
    • 0.12 mi๐ŸบChurchill's Pub
    • 0.12 mi๐ŸบJohn Doe Bar & Kitchen
    • 0.12 mi๐Ÿš‡628th Street
    • 0.12 mi๐Ÿฅ˜Ben & Jack's Steakhouse
    • 0.13 miโ˜•๏ธIdea Coffee
    • 0.13 mi๐Ÿฅ˜Pondicheri
    • 0.14 miโ˜•๏ธFIKA 28th Street
    • 0.14 mi๐ŸบVin Sur Vingt
    • 0.14 miโ˜•๏ธStarbucks
    • 0.14 mi๐Ÿฅ˜L & W Oyster Company
    • 0.14 mi๐Ÿฅ˜Jazz Standard
    • 0.15 mi๐ŸบTavern29
    • 0.15 mi๐Ÿฅ˜Les Halles
    • 0.15 mi๐Ÿฅ˜The Smith
    • 0.15 mi๐Ÿฅ˜Num Pang
    • 0.15 mi๐Ÿฅ˜Blue Smoke
    • 0.16 mi๐Ÿฅ˜La Pecora Bianca
    • 0.16 mi๐ŸบToshi's Living Room
    • 0.16 miโ˜•๏ธSubway
    • 0.16 mi๐ŸบToshi's Penthouse
    • 0.16 mi๐ŸบThe Nomad
    • 0.16 mi๐Ÿฅ˜Sweetgreen
    • 0.17 mi๐Ÿฅ˜Fresh & Co
    • 0.17 mi๐Ÿฅ˜Pappali
    • 0.17 mi๐Ÿฅ˜INDAY
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    • 0.17 mi๐Ÿฅ˜Izakaya NoMad
    • 0.18 mi๐ŸบThe NoMad Hotel Library Bar
    • 0.18 miโ˜•๏ธCafe Delectica
    • 0.18 mi๐Ÿฅ˜Copper Chimney
    • 0.18 mi๐Ÿฅ˜Crooked Knife
    • 0.18 mi๐Ÿฅ˜Eataly
    • 0.18 mi๐Ÿฅ˜California Pizza Kitchen
    • 0.18 mi๐Ÿ’ชEvolution Muay Thai
    • 0.18 mi๐Ÿฅ˜Maysville
    • 0.18 mi๐Ÿฅ˜Ravagh Persian Grill
    • 0.18 mi๐Ÿฅ˜VERTS Mediterranean Grill
    • 0.19 mi๐ŸบLa Bierria
    • 0.19 mi๐Ÿฅ˜Dig Inn Seasonal Market
    • 0.19 mi๐Ÿฅ˜Wine:30
    • 0.19 mi๐Ÿฅ˜Bhatti
    • 0.19 mi๐Ÿฅ˜Haldi
    • 0.19 mi๐Ÿš‡RW23th Street
    • 0.19 mi๐Ÿš‡RW28th Street
    • 0.19 miโ˜•๏ธFIKA 23rd Street
    • 0.2 mi๐Ÿฅ˜Anjappar
    • 0.2 mi๐Ÿฅ˜Baita by Birreria
    • 0.2 mi๐Ÿฅ˜The Breslin
    • 0.2 mi๐Ÿš‡623rd Street
    • 0.2 mi๐Ÿฅ˜Eataly
    • 0.2 mi๐Ÿฅ˜Lahori Kabab
    • 0.2 mi๐Ÿฅ˜Saravanaa Bhavan
    • 0.2 mi๐Ÿฅ˜Saravana Bhavan
    • 0.21 mi๐Ÿฅ˜Bella Napoli
    • 0.21 mi๐Ÿฅ˜Dhaulagiri Kitchen
    • 0.21 miโ˜•๏ธCosi
    • 0.21 miโ˜•๏ธStarbucks
    • 0.21 mi๐Ÿฅ˜Latin American Restaurant
    • 0.21 miโ˜•๏ธStarbucks
    • 0.21 mi๐Ÿฅ˜Fresh Mexican Grill
    • 0.21 mi๐Ÿฅ˜Bao Bao Cafe
    • 0.21 mi๐Ÿฅ˜Haandi
    • 0.21 mi๐Ÿฅ˜Chote Nawab
    • 0.21 mi๐Ÿ’ชPopPhysique
    • 0.22 mi๐Ÿฅ˜John Dory Oyster Bar
    • 0.22 mi๐Ÿฅ˜Curry in a Hurry
    • 0.22 mi๐Ÿฅ˜Balloon
    • 0.22 mi๐Ÿฅ˜Maui Onion
    • 0.23 mi๐Ÿฅ˜Sushiritto
    • 0.23 mi๐Ÿฅ˜DiDi Dumpling
    • 0.23 mi๐Ÿฅ˜Hill Country Barbecue Market
    • 0.23 mi๐ŸบWhiskey Rebel
    • 0.23 mi๐Ÿฅ˜Her Name is Han
    • 0.23 mi๐Ÿฅ˜Take31
    • 0.23 mi๐Ÿฅ˜Stix
    • 0.23 mi๐Ÿฅ˜Dunkin' Donuts
    • 0.24 mi๐Ÿฅ˜Junoon
    • 0.24 miโ˜•๏ธDunkin' Donuts
    • 0.24 mi๐Ÿฅ˜Hanjan
    • 0.24 miโ˜•๏ธLenny's
    • 0.24 mi๐ŸบHog Pit NYC
    • 0.24 mi๐ŸบGrey Bar & Restaurant
    • 0.24 mi๐ŸบThe Flatiron Room
    • 0.25 mi๐Ÿ’ชThrowback Fitness
    • 0.25 mi๐Ÿ’ชUplift Studio
    • 0.25 mi๐ŸบFlatiron Hall
    • 0.25 mi๐Ÿฅ˜Chipotle
    • 0.25 mi๐Ÿฅ˜Chop Shop II
    • 0.25 mi๐Ÿฅ˜Cosi
    • 0.26 mi๐Ÿฅ˜Tappo
    • 0.26 mi๐Ÿฅ˜Melt Shop
    • 0.26 mi๐Ÿฅ˜Le Pain Quotidien
    • 0.26 mi๐Ÿฅ˜Mulberry & Vine
    • 0.26 miโ˜•๏ธPenelope
    • 0.26 mi๐Ÿฅ˜Obica Mozzarella Bar
    • 0.26 miโ˜•๏ธGramercy Star Cafe
    • 0.26 mi๐Ÿฅ˜Minar
    • 0.26 miโ˜•๏ธChalait
    • 0.27 mi๐Ÿฅ˜Ichiumi Japanese Buffet
    • 0.27 mi๐ŸบRooftop Bar
    • 0.27 mi๐Ÿฅ˜Sagaponack
    • 0.27 mi๐Ÿ’ชStudio Anya
    • 0.27 mi๐Ÿฅ˜Lallisse
    • 0.27 miโ˜•๏ธMaison Kayser
    • 0.28 miโ˜•๏ธStarbucks
    • 0.28 mi๐Ÿฅ˜Belvedere
    • 0.28 mi๐Ÿฅ˜Vezzo
    • 0.28 mi๐Ÿฅ˜Coppola's
    • 0.28 mi๐Ÿฅ˜Waldy's Woodfire Pizza & Penne
    • 0.28 mi๐ŸšŒFree maison
    • 0.28 mi๐Ÿฅ˜Turkish Kitchen
    • 0.29 mi๐Ÿฅ˜Kyo Chon Chicken
    • 0.29 mi๐Ÿฅ˜Outback Steakhouse
    • 0.3 mi๐Ÿฅ˜Spicy Simphony
    • 0.3 mi๐Ÿฅ˜Kofoo
    • 0.3 miโ˜•๏ธKoffeecake Corner
    • 0.3 mi๐Ÿฅ˜Hee Korean BBQ Grill
    • 0.3 miโ˜•๏ธStarbucks
    • 0.3 mi๐Ÿฅ˜Woorijip
    • 0.3 mi๐Ÿฅ˜Sunflower Diner
    • 0.3 mi๐ŸบThe Storehouse
    • 0.3 mi๐Ÿฅ˜Preฬ‚t aฬ€ manger
    • 0.3 mi๐ŸบRouge
    • 0.3 mi๐ŸบVan Diemens
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    • 0.31 mi๐Ÿฅ˜Marcony
    • 0.31 mi๐Ÿฅ˜Bon Chon Chicken
    • 0.31 mi๐ŸบRattle n Hum
    • 0.31 mi๐Ÿฅ˜Hana Michi
    • 0.32 mi๐Ÿฅ˜New WonJo
    • 0.32 mi๐Ÿฅ˜Pizza Fresca
    • 0.32 mi๐Ÿฅ˜Mari Vanna
    • 0.32 miโ˜•๏ธGregory's Coffee
    • 0.32 mi๐Ÿฅ˜Vatan
    • 0.32 mi๐Ÿš—Central Parking
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    • 0.32 mi๐Ÿฅ˜Tonic
    • 0.32 mi๐ŸบO'Reilly's Pub
    • 0.32 mi๐Ÿš—Icon Parking
    • 0.33 miโ˜•๏ธThe Corner Cafe
    • 0.33 mi๐Ÿฅ˜Gaonnuri
    • 0.33 miโ˜•๏ธStarbucks
    • 0.33 mi๐Ÿฅ˜Seoul Garden
    • 0.33 mi๐Ÿš‡633rd Street
    • 0.33 miโ˜•๏ธBrooks Brothers - Red Fleece Cafe
    • 0.33 miโ˜•๏ธBeecher's Handmade Cheese
    • 0.33 mi๐Ÿš‡FMPATH23rd Street
    • 0.33 mi๐Ÿฅ˜Kang Suh Restaurant
    • 0.33 mi๐ŸบO'Reileys
    • 0.34 mi๐Ÿฅ˜The Cellar
    • 0.34 miโ˜•๏ธStarbucks
    • 0.34 mi๐ŸŒฒTheodore Roosevelt Birthplace National Historic Site
    • 0.34 mi๐Ÿฅ˜Pizza Pub
    • 0.34 mi๐Ÿฅ˜Hummus Kitchen
    • 0.34 mi๐ŸบFoley's
    • 0.35 mi๐Ÿ’ชFlywheel Sports
    • 0.35 mi๐Ÿฅ˜Olive Garden
    • 0.35 mi๐Ÿฅ˜Aleo
    • 0.35 mi๐Ÿฅ˜Banc
    • 0.35 mi๐Ÿฅ˜By Chloe
    • 0.36 mi๐Ÿฅ˜Tres Carnes
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    • 0.37 mi๐Ÿฅ˜Big Daddy's Gramercy Park
    • 0.37 mi๐Ÿฅ˜Moonstruck
    • 0.37 mi๐ŸบJack Demsey's
    • 0.37 mi๐Ÿฅ˜Lyric Diner
    • 0.37 mi๐Ÿฅ˜Murry Hill Diner
    • 0.37 miโ˜•๏ธStarbucks Coffee
    • 0.38 miโ˜•๏ธStarbucks
    • 0.38 mi๐ŸบSlate
    • 0.38 mi๐Ÿฅ˜Rolfโ€™s German Restaurant
    • 0.38 mi๐ŸŒฒLadies Mile Historic District
    • 0.39 mi๐ŸŒฒGramercy Park Historic District
    • 0.39 mi๐Ÿฅ˜Vino Tapa
    • 0.39 mi๐Ÿฅ˜Auntie Guan's Kitchen
    • 0.39 mi๐Ÿš‡PATH33rd Street
    • 0.39 miโ˜•๏ธFIKA 34th Street
    • 0.39 mi๐Ÿฅ˜Juice
    • 0.39 mi๐ŸบSmithfield Hall
    • 0.4 mi๐Ÿฅ˜La Tarte Flambรฉe
    • 0.4 mi๐Ÿฅ˜2nd Ave Deli
    • 0.41 mi๐Ÿฅ˜Franchia
    • 0.41 mi๐Ÿฅ˜Izumi
    • 0.41 mi๐Ÿฅ˜Grimaldi's Pizza
    • 0.41 mi๐ŸบFlatiron Lounge
    • 0.41 mi๐Ÿ’ชMonster Cycle Limelight
    • 0.41 mi๐ŸบOld Town Bar
    • 0.41 mi๐Ÿฅ˜Le Parisien
    • 0.41 mi๐Ÿ’ชPeleton
    • 0.41 mi๐Ÿฅ˜Nomado
    • 0.41 mi๐Ÿ’ชDavid Barton Gym
    • 0.42 miโ˜•๏ธHale and Hearty
    • 0.42 mi๐Ÿฅ˜Cask
    • 0.42 mi๐Ÿฅ˜ViV
    • 0.42 mi๐ŸบBarfly
    • 0.42 mi๐Ÿฅ˜Rare Bar and Grill
    • 0.42 mi๐Ÿฅ˜Burger & Lobster
    • 0.43 mi๐Ÿš—Gramercy Park
    • 0.43 miโ˜•๏ธPret a Manger
    • 0.43 mi๐Ÿฅ˜Friedman's
    • 0.43 mi๐ŸบBarcade
    • 0.43 miโ˜•๏ธCafe R
    • 0.43 mi๐Ÿฅ˜Haru
    • 0.44 miโ˜•๏ธStarbucks
    • 0.44 mi๐Ÿฅ˜Malibu Diner
    • 0.44 mi๐Ÿฅ˜Fraiche Maxx
    • 0.45 mi๐Ÿš‡BDFMNQRW34th Street-Herald Square
    • 0.45 mi๐Ÿฅ˜Pita Grill
    • 0.45 mi๐Ÿฅ˜Chipotle
    • 0.45 miโ˜•๏ธStarbucks
    • 0.45 mi๐ŸบMercury Bar
    • 0.45 miโ˜•๏ธJoe Pro Shop & Headquarters
    • 0.45 miโ˜•๏ธSeven Grams
    • 0.45 mi๐Ÿฅ˜Monster Sushi
    • 0.45 miโ˜•๏ธStarbucks
    • 0.45 mi๐Ÿฅ˜Laut
    • 0.45 mi๐Ÿฅ˜Ethos
    • 0.45 mi๐Ÿฅ˜Hale and Hearty Soups
    • 0.45 miโ˜•๏ธGG Cafe
    • 0.45 mi๐Ÿฅ˜Chloe's Soft Serve Fruit Co.
    • 0.46 mi๐Ÿฅ˜Anisette. Cafe. Bistro.
    • 0.46 mi๐Ÿฅ˜Bella Napoli
    • 0.46 mi๐ŸบFlying Cock
    • 0.46 miโ˜•๏ธStarbucks Coffee
    • 0.46 mi๐Ÿฅ˜Blockheads
    • 0.46 mi๐Ÿฅ˜Marchi's
    • 0.46 mi๐Ÿš‡128th Street

    Neighborhood

    Gramercy Park

    Gramercy Park, often shortened to Gramercy, is a quiet district in Midtown South that, in many ways, has remained untouched by new development over the years. Walking the streets of Gramercy Park, filled with Victorian charm and cultivated greenery, you’d never guess that the area was once in the middle of a swamp. The Manhattan neighborhood borders Third Avenue to the west, Park Avenue South to the east, 23rd Street to the north, and 14th Street to the south.

    The primarily residential neighborhood is well known for the private park at its center that shares the same name. Gramercy Park covers close to two acres of land and is one of only two private parks in New York City, accessible only by key. Approximately 400 keys are in circulation, most belonging to residents who live directly around the park and pay an annual fee.

    With few tourist attractions, Gramercy Park can provide a reprieve from the bustling crowds in surrounding districts. Gramercyโ€™s convenient proximity to Union Square allows for easy commuting both in and out of the neighborhood.

    Gramercy Park Office Space | Lease Data & Trends

    The Gramercy Park commercial real estate inventory totals approximately 21.5 million square feet, with three-fifths of the inventory comprised of Class A properties. Despite the low vacancy rate of 5.2%, office space in Gramercy Park still rent at a lower price per square foot โ€” $69.92 โ€” than the Midtown South average of $74 and the Midtown Manhattan average of $76. Gramercy office space in a Class A building costs on average $73 per square foot to rent. More than 100,000 additional square feet are currently under construction, primarily Class A units.

    What Our Brokers Say

    The appeal to renting Gramercy Park office space comes from the convenient central location combined with a more laid back neighborhood pace. The neighborhoodโ€™s 19,000 residents tend toward the affluent, which creates an excellent environment for financial and business management consultants.

    Gramercy Park is located near a handful of health and medical institutions, including Bellevue Hospital Center, VA NY Harbor Healthcare System, and NYU Medical Center, making the location idea for businesses offering medical services and products. Home health care services and healthcare consultants are common tenants in the area.

    Other notable tenants in the area include Con Edison, Button, Gotham Ghostwriters, ATTCK, Perry Branding Group, and Digital Pulp.

    Getting Around Gramercy Park

    Gramercy Park is the 11th most walkable neighborhood according to Walk Score, scoring 100% for both walking and transit. Gramercy Park is considered a safe neighborhood with little congestion, and the sidewalks around the private Gramercy Park provide scenic routes for joggers, dog-walkers, and employees looking to get a breath of fresh air during a busy workday.

    Union Square is located at Gramercy Parkโ€™s southwest corner, and the area is serviced by the 4, 5, 6, N, Q, R, and L trains.

    In the Neighborhood

    Much of the area within Gramercy Park is a designated historic district, admired for the well-preserved buildings showcasing Greek Revival, Italianate, and Gothic Revival architecture. Gramercy Park is even home to two of New York Cityโ€™s first apartment buildings, which both retain their original facades. This architecture is intermixed with classic brownstones, modern residential developments, and luxury condos.

    Not everything has remained preserved in the past, however. While some neighborhood favorites like Peteโ€™s Tavern have been in operation since 1864, relative newcomers Maialino, Midwinter Kitchen, and Yama are part of a vibrant culinary scene. Gramercy Park also has a lively happy hour scene for after-work socialization, with plenty of popular happy hour specials to be found at Revival, Barfly, Ampersand, and Bait & Hook, to name a few.

    Nearby neighborhoods include Flatiron District, Union Square, Midtown East, East Village, and NoHo.

     

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