654 Madison Avenue
Upper East Side
New York, NY 10065
- 991 - 4,921 sqft
- $5,946 - $29,526 /mo est
|Office Space||991 sqft||$5,946 /mo est|
|9th Floor||1,830 sqft||$10,980 /mo est|
|14th Floor||2,029 sqft||$12,174 /mo est|
|16th Floor||2,701 sqft||$16,206 /mo est|
|6th Floor||2,856 sqft||$17,136 /mo est|
|Office Space||3,784 sqft||$22,704 /mo est|
|6th Floor - Suite 601||4,921 sqft||$29,526 /mo est|
- 0.1 mi🚇NRW5th Avenue – 59th Street
- 0.2 mi🚇45659th Street
- 0.21 mi🚇NRW59th Street-Lexington Avenue
- 0.23 mi🚇F QLexington Avenue-63rd Street
- 0.34 mi🚗Alpha Garage
- 0.34 mi🚇F57th Street
- 0.37 mi🚇EM53rd Street-5th Avenue
- 0.42 mi🚇EM53rd Street-Lexington Avenue
- 0.43 mi🚇668th Street - Hunter College
- Owner/Leasing ManagerRolfe Group; Adler Group
- Height285 feet
- ArchitectJ.E.R. Carpenter
- Walk Score®98
- Year Built1927
- Noise Index0.5
<b>654 Madison Avenue, New York, NY 10021</b> is located on 60th Street and Madison Avenue. The structure was completed in 1927, tops out at 23 stories, reaches a height of 285 feet, and contains over 143,524 square feet of office space for rent. As 654 Madison Ave 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. 654 Madison Avenue has not been renovated recently, and as a result floor space is of a lower quality than newer, recently renovated structures or class A buildings. While this isn’t a deal-breaker in many cases, it’s important for tenants to note that tenant-improvement-allowances (TIA) are likely to be better than with more modern spaces, and that this space likely comes more cheaply than newer market listings. 654 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. 654 Madison Avenue 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.
The Upper East Side, comprising Lenox Hill, Carnegie Hill, and Yorkville, has a long history of affluence in New York City. Notable American families with homes here have included the Kennedys, Roosevelts, Rockefellers, and Carnegies.
Compared to the hustle and bustle of Manhattan neighborhoods further south, the Upper East Side moves at a slower, more relaxed pace. The large number of schools, playgrounds, and community centers make the neighborhood feel a bit more suburban. And of course, Central Park and Museum Mile are two of the most popular family destinations in all of the city.
The Upper East Side is also the scene of the newly opened Second Avenue Subway, much to the delight of residential and commercial tenants. The Q-line runs along Second Avenue from 72nd Street up to 96th Street, and has alleviated much of the pressure from the 4,5,6 lines.
Rents for commercial real estate spaces in the Upper East Side fall right at the city-wide average of $72/sqft. For this price you can join the midst of companies such as Dylan’s Candy Bar and Agata & Valentina.