At the stated $25,000 monthly rent, the space equates to approximately $17.48/SF per month, or $209.79/SF annually.

Key Features

• Asking Rent: $25,000/month
• Annual Base Rent: $300,000
• Available Space: Approximately 1,430 SF
• Annual Rent per SF: Approximately $209.79/SF
• Monthly Rent per SF: Approximately $17.48/SF
• Property Type: Commercial / Office
• Location: Madison Avenue / Upper East Side
• Positioning: Full-floor commercial space along a premier Madison Avenue corridor
• Frontage: Approximately 20 feet of glass frontage on Madison Avenue
• Natural Light: Rear skylight
• Floor: Second floor
• Access: Walk-up
• Ceiling Height: Approximately 9 feet
• Availability: Current marketing indicates immediate availability
• Nearby Cross Streets: East 73rd and East 74th Streets
• Surroundings: Luxury retail, galleries, restaurants and high-end residential properties

Financial Snapshot

At $25,000 per month, annual base rent would total approximately $300,000.

Based on 1,430 SF, the asking rent equates to approximately $209.79/SF annually. Over a five-year lease with no increases, the nominal base-rent commitment would be approximately $1.5 million, although an actual lease would typically need to account for negotiated escalations and other charges.

Before evaluating the effective occupancy cost, the lease structure should be confirmed, including real estate tax escalations, operating expenses, utilities, insurance requirements, annual rent increases, security deposit, tenant-improvement obligations and any free-rent period. Current public marketing lists the rental rate and lease structure as upon request/TBD rather than publishing these economics.

Location Highlights

924 Madison Avenue occupies a prominent Upper East Side location between East 73rd and 74th Streets. The surrounding section of Madison Avenue is internationally associated with luxury retail, galleries and affluent residential clientele.

The property benefits from substantial visibility along Madison Avenue and proximity to Fifth Avenue and Central Park, while the surrounding East 70s provide an established mix of residential buildings, boutiques, professional services, restaurants and cultural institutions.

Transportation access includes the 6 train at 77th Street approximately 0.26 miles away, with additional subway service available at 68th Street–Hunter College and the Q train at 72nd Street.

For an office or commercial tenant prioritizing prestige, client-facing presence and an Upper East Side address, the Madison Avenue location is the property’s defining attribute.

Summary

The approximately 1,430 SF commercial space at 924 Madison Avenue is offered at $25,000 per month, equivalent to approximately $300,000 annually or $209.79/SF per year.

The property’s principal strengths are its Madison Avenue address, full-floor configuration, glass frontage and natural light, together with its position between East 73rd and 74th Streets.

For an office user, the key question is whether the prestige and client-facing benefits of the location justify the approximately $300,000 annual base-rent commitment, particularly after incorporating escalations and other occupancy expenses.