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654 Madison Avenue

Upper East Side

New York, NY 10065

  • 991 - 4,921 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerRolfe Group; Adler Group
  • Floors23
  • Height285 feet
  • ArchitectJ.E.R. Carpenter
  • Walk Score®98
  • Year Built1927
  • Noise Index0.5

654 Madison Avenue, New York, NY 10021 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.

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  • Availability

    UnitSizePriceInquire
    Office Space991 sqftInquire for pricing
    7th Floor1,340 sqftInquire for pricing
    9th Floor1,830 sqftInquire for pricing
    14th Floor2,029 sqftInquire for pricing
    16th Floor2,701 sqftInquire for pricing
    6th Floor2,856 sqftInquire for pricing
    Office Space3,784 sqftInquire for pricing
    6th Floor - Suite 6014,921 sqftInquire for pricing
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    Neighborhood

    Upper East Side

    People often think of affluence, luxury, and the grand apartments and mansions lining the streets when they think of the Upper East Side. In many ways, this reputation has contributed to the Upper East Side’s slower pace of living compared to Midtown and Lower Manhattan. Many historically significant families had homes in the Upper East Side, including the Kennedys, Roosevelts, Rockefellers, and Carnegies. The boundaries of the neighborhood are defined by 59th Street, Central Park, 96th Street, and the East River. The district is composed of three smaller neighborhoods: Lenox Hill covering the area between 59th Street and 77th Street, Carnegie Hill tucked between upper Third Avenue and Central Park, and Yorkville occupying the northeast corner.

    Upper East Side Office Space | Lease Data & Trends

    Commercial real estate rents in the Upper East Side fall right at the New York City average of $72 per square foot. Newer office spaces tend to be located on the east side of Third Avenue, while historic Class A and Class B buildings constructed in the 1920s are more common along Park Avenue and Fifth and Madison Avenues. Office suites and entire floors compose a significant portion of the available office space in the Upper East Side.

    What Our Brokers Say

    With the United Nations less than a 30-minute commute away from a majority of the Upper East Side, diplomatic missions and consulates often occupy the former mansions of the neighborhood, including those of Austria, France, Greece, Italy, India, and Pakistan. Companies with global and international connections might find that office space in the Upper East Side fits their needs.

    Businesses in the medical sector will also be in good company in the Upper East Side. The Memorial Sloan Kettering Cancer Center, Weill Cornell Hospital, and Gracie Square Hospital are just a few of the medical institutions in the area. The campuses of a variety of medical schools as well as Hunter College, Rockefeller University, and Fordham University are also located in the Upper East Side, attracting students and recent graduates to the area who form a skilled talent pool.

    The sophistication and elegance of the Upper East Side draw many construction companies, architects, and interior designers who find inspiration in the abundance of art, nature, and classic NYC vibes of the neighborhood. Companies with office space in the Upper East Side include Annie and Company Needlepoint, California Closets, French Bull, dineen architecture + design, as well as the New York offices of National Geographic.

    Getting Around the Upper East Side

    Commuting to and from the Upper East Side has become much more convenient following the completion of the Second Avenue Subway. The Q train now runs from 72nd Street up to 96th Street and diverts congestion from the notoriously dysfunctional 4, 5, and 6 lines. Suburban commuters can connect to the Lexington Avenue line at Grand Central Station. Nearly a dozen bus routes running uptown and downtown serve the area, as well as five crosstown buses.

    WalkScore rates the Upper East Side with walking and transit scores of 99. Central Park and the East River Esplanade provide pedestrians and bikers with scenic trails to take to work or unwind from the day. CitiBike continues to expand its Upper East Side stations, and bike lanes are located on First Avenue and Second Avenue.

    Nearby neighborhoods include: Midtown, Midtown East, Plaza District, Park Avenue, the Upper West Side, and Harlem

    Upper East Side Neighborhood & History

    Affluence has been a defining trait of the Upper East Side for so long that the neighborhood was once known as the Silk Stocking District. Wealthy families enjoyed a luxurious lifestyle with immediate access to both Central Park and the retail shops along Fifth Avenue. While pockets of affordable housing can be found closer to the East River, the Upper East Side has some of the most expensive housing in Manhattan and the rest of the United States.

    One of the Upper East Side’s defining features is the section of Fifth Avenue between 82nd Street and 105th street known as “Museum Mile.” A favorite family and tourist destination, nine museums are located on this stretch of Fifth Avenue including the Guggenheim Museum, the Frick Collection, the Metropolitan Museum of Art, and The Jewish Museum.

    The museums also offer excellent restaurants that are ideal for business lunches, such as Russ & Daughters at The Jewish Musem and Flora Bar at the Met. Our team also enjoys eating out at Blake Lane, Petaluma, Café Beach, Pastrami Queen, and Via Quadronno.

    upper-east-side-manhattanpark-avenuemetropolitan-museumupper-east-side

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