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645 Madison Avenue

Midtown East

New York, NY 10022

  • 2,640 - 10,700 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • Turnstile✔︎
  • 24/7 Access✔︎
  • Owner/Leasing ManagerTF Cornerstone
  • Floors22
  • Height274 feet
  • ArchitectEmery Roth & Sons
  • Walk Score®100
  • Year Built1971
  • Noise Index0.53

The Pan Ocean Building is located on 645 Madison Avenue, New York, NY 10022, on 60th Street and Madison Avenue. The structure was completed in 1971, tops out at 22 stories, reaches a height of 274 feet , and contains over 140,232 square feet of office space for rent. As 645 Madison Avenue is a medium-sized structure, it can be well-suited for small or mid-sized organizations that are not looking for large blocks of contiguous office space. Medium sized buildings in New York City are plentiful and are quite diverse in size and class offerings. As a result, barring any large organizations needing premium, contiguous space, middle-sized buildings can service a vast number of organizations. Class A Buildings are the highest quality spaces that any organization can expect on the market today. As a class A structure, the Pan Ocean Building features some of the best construction, has great accessibility, is professionally managed, and is well-located. Generally, class A structures are often professionally managed and attract high quality tenants. 645 Madison Ave is located in Midtown, which is Manhattan’s premier business district. Midtown Manhattan features a huge amount of commercial real estate and is one of the most densely populated pieces of land in the world. There are a huge number of skyscrapers, hotels, restaurants, retailers, bus stops, and train stations that saturate the neighborhood with high quality tenants and both native and tourist foot traffic. The result is a great selection of office space for tenants, and huge foot traffic numbers for retailers. The Pan Ocean Building is highly accessible thanks to New York City’s extensive bus and train network. The Metropolitan Transit Authority (MTA) features a huge bus network which make nearly all portions of the city accessible. In addition, the building lies in close proximity to the MTA’s blue, green, and yellow subway lines. These transportation options help make the building easily accessible.

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  • Availability

    UnitSizePriceInquire
    9th Floor2,640 sqftInquire for pricing
    21st Floor4,833 sqftInquire for pricing
    9th Floor6,795 sqftInquire for pricing
    18th Floor6,844 sqftInquire for pricing
    12th Floor6,864 sqftInquire for pricing
    Entire 4th Floor10,700 sqftInquire for pricing
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    • 0.34 mi🚇EM53rd Street-5th Avenue
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    • 0.46 mi🚇668th Street - Hunter College
    • 0.46 mi🚌bus m101
    • 0.46 mi🌲Upper East Side Historic District

    Neighborhood

    Midtown East

    Midtown East, an area of Midtown, is a popular office space location, especially for consulting firms, financial services firms, media companies, and hedge funds. Located near many of Manhattan’s most iconic landmarks, the area is not only a business center but also a well-traveled tourist destination. Midtown East encompasses several unique neighborhoods including the Plaza District, Park Avenue, Madison Avenue, and Grand Central Station.

    SquareFoot's NYC Market Report

     

    Midtown East Office Space | Lease Data & Trends

    Office space rental prices vary greatly based on location, building class, and lease terms and length. On the high end of the spectrum, Class A office space in the Plaza District or on Madison Avenue can cost $100 per square foot. Conversely, Class B office space for lease in the Garment District or near Grand Central Station goes for closer to $60 per square foot.

    In general, Midtown East submarkets are more expensive than the average asking rent for NYC office space $72 per square foot, or the average Brooklyn office space rent of $42 per square foot.

    To help decide what kind of space you’re looking for, read about the differences between Class A and Class B office spaces. What about gross lease, triple net leases, and tenant improvement allowance? If you want to learn more about renting office space in Midtown East, one of our licensed tenant brokers would love to answer your questions.

     

    What Our Brokers Say About Midtown East Office Space

    The borough of Manhattan south of Central Park is traditionally divided into Midtown, Midtown South, and Lower Manhattan. Midtown East is the Eastern half of Midtown that is bordered by Fifth Avenue to the west, the East River to the east, 59th St. to the north, and 42nd Street to the south. The area is home to the Chrysler Building, Rockefeller Center, and the United Nations Headquarters, and visitors will notice a lot of areas that look familiar because they’ve appeared on postcards and in TV shows.

    Midtown East is primarily a business district and is relatively quiet during the evenings. Traveling around the area and getting to and from nearby districts is easy, especially with the convenient juxtaposition of Grand Central Station, which is not only one of the biggest hubs for public transportation in NYC but also a historic landmark. Nearby subway lines include: 4, 5, 6, N, Q, R, B, D, F, M, E, and 7. If visiting business partners need a place to stay, book rooms in The Langham, The Bernic Hotel, Fitzpatrick Grand Central, or Pod 39.

     

    Popular Neighborhoods in Midtown East

    Each neighborhood located within Midtown East has unique character and features.

    Grand Central Station: Whether you call it by its official name, Grand Central Terminal, or its nickname, Grand Central, this neighborhood is known for housing Grand Central Station, one of the biggest transportation hubs in NYC. Securing office space here means working alongside companies such as Salesforce, YES Network, Oracle, Metlife, and New York Life Insurance.

    Madison Avenue: Madison Avenue, one of the most well-known streets in America, is home to some of the nation’s most influential businesses. Named after the United States’ fourth President, James Madison, Madison Avenue is clean, beautiful, and graffiti-free. Though no longer the center of the advertising world, Madison Avenue is still an area in high demand.

    Plaza District: The Plaza District houses some of the most premier commercial real estate in NYC. A 10% vacancy leaves potential tenants with plenty of options to join the district’s current tenants, which include Colgate-Palmolive, Bloomberg, and NBC Studios.

    Park Avenue: Park Avenue, originally called Fourth Avenue, houses some of the nation’s most expensive real estate, and some of NYC’s richest CEOs live there. Fortune 500 companies such as Citigroup, Mutual of America, JP Morgan, and Metlife have Park Avenue addresses from here.

    photo of the metlife building and grand central station

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