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650 Madison Avenue

One Park Avenue

New York, NY 10022

  • 5,240 - 79,667 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • Turnstile✔︎
  • 24/7 Access✔︎
  • Owner/Leasing ManagerVornado Realty Trust
  • Floors27
  • Height360 feet
  • ArchitectFox & Fowle Architects, P.C.; Harrison & Abramovitz
  • Walk Score®100
  • Year Built1987
  • Noise Index0.53

The C.I.T. Building is located on 650 Madison Avenue, New York, NY 10022, on 59th Street and Madison Avenue. The structure was completed in 1987, tops out at 27 stories, reaches a height of 360 feet, and contains over 445,478 square feet of office space for rent. Since 650 Madison Avenue is a larger structure, it is well suited for organizations looking for premium commercial real estate and large blocks of contiguous office space. Many of the newer buildings that are springing up around Midtown and the Financial District have large vacancies that have yet to be filled. These kinds of spaces are ideal for large firms that are looking up to open a base of operations in New York City. Class A Buildings are the highest quality spaces that any organization can expect on the market today. As a class A structure, the C.I.T. 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. 650 Madison Avenue 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 C.I.T. 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 green, yellow, and blue subway lines. These transportation options help make the building easily accessible.

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  • Availability

    UnitSizePriceInquire
    24th Floor - Suite5,240 sqftInquire for pricing
    15th Floor - Suite6,480 sqftInquire for pricing
    21st Floor - Suite12,870 sqftInquire for pricing
    20th Floor - Suite12,870 sqftInquire for pricing
    Space - Suite79,667 sqftInquire for pricing
    • 0.09 mi🥘Harry Cipriani
    • 0.1 mi🚇NRW5th Avenue – 59th Street
    • 0.19 mi🚇45659th Street
    • 0.21 mi☕️pick a bagel
    • 0.21 mi🚇NRW59th Street-Lexington Avenue
    • 0.21 mi🥘CoolMess
    • 0.22 mi☕️Starbucks
    • 0.22 mi☕️Dancing Crane Cafe
    • 0.22 mi🥘Palace
    • 0.23 mi☕️Ninth Street Espresso
    • 0.24 mi☕️Starbucks Coffee
    • 0.24 mi🥘Aquavit
    • 0.24 mi🚇F QLexington Avenue-63rd Street
    • 0.25 mi☕️Starbucks
    • 0.26 mi🥘Daniel
    • 0.26 mi☕️FIKA 58th Street
    • 0.27 mi🥘The Fitz
    • 0.27 mi🥘Le Botaniste
    • 0.27 mi☕️Juan Valdez
    • 0.27 mi🥘Joe's Shanghai
    • 0.27 mi☕️Little Collins
    • 0.28 mi🥘Chipotle
    • 0.28 mi🥘Betony
    • 0.29 mi🥘Mangia
    • 0.3 mi🍺Bill's Gay Nineties
    • 0.3 mi☕️Juice Press
    • 0.3 mi🥘Little Collins
    • 0.3 mi☕️Starbucks
    • 0.31 mi🚗Alpha Garage
    • 0.32 mi🥘Five Guys
    • 0.32 mi🥘Rue 57
    • 0.32 mi🥘Le Pain Quotidien
    • 0.33 mi🥘Beyond Sushi
    • 0.33 mi🥘Menkui Teu
    • 0.33 mi🚇F57th Street
    • 0.33 mi🥘Wayfarer
    • 0.33 mi🥘La Bonne Soupe
    • 0.33 mi☕️Starbucks
    • 0.34 mi🥘Il Corso
    • 0.34 mi🥘Burger Heaven
    • 0.34 mi☕️Le Pain Quotidien
    • 0.34 mi🥘Benoit
    • 0.34 mi🍺Cassidy’s
    • 0.35 mi🍺Whiskey Trader
    • 0.35 mi🚇EM53rd Street-5th Avenue
    • 0.35 mi🥘Tony's
    • 0.35 mi🥘Bistro Milano
    • 0.36 mi☕️Jamba Juice
    • 0.36 mi🥘Serendipity 3
    • 0.36 mi🥘Mozzarella & Vino
    • 0.37 mi🥘Serendipity 3
    • 0.37 mi🍺Connolly's
    • 0.37 mi☕️Starbucks
    • 0.38 mi🥘Le Parker Meridien Burger
    • 0.38 mi🥘The Modern - The Bar Room
    • 0.38 mi🥘P.J. Clarke’s
    • 0.39 mi☕️Dunkin' Donuts
    • 0.4 mi🚇EM53rd Street-Lexington Avenue
    • 0.4 mi☕️Starbucks
    • 0.41 mi🥘Fogo de chao
    • 0.42 mi🍺21 Club
    • 0.42 mi☕️FIKA 52 & LEX
    • 0.42 mi🥘RED 58
    • 0.42 mi🥘Four Seasons
    • 0.42 mi🥘Hillstone
    • 0.43 mi☕️Starbucks
    • 0.43 mi☕️Starbucks
    • 0.44 mi🥘Russian Tea Room
    • 0.45 mi☕️Blue Dog
    • 0.46 mi🥘Bill's Bar & Burger
    • 0.46 mi🥘Petrossian
    • 0.47 mi🚌bus m101
    • 0.47 mi🥘Bill's Bar & Burger
    • 0.48 mi🥘Le Pain Quotidien
    • 0.48 mi🚇NQRW57th Street-7th Avenue
    • 0.49 mi☕️Europa Cafe
    • 0.49 mi🥘Teresa's
    • 0.49 mi🥘Del Frisco's

    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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