Commercial Lease – 292 Madison Avenue, New York, NY 10017
Asking Rent: $30,000/Month
Size: 6,035 SF
Lease Type: Office
Property Type: Class A Midtown Office Building
Location: Midtown East (Grand Central submarket)
Availability: Immediate
Property Overview
292 Madison Avenue offers 6,035 SF of adaptable office space in a modernized Class A building. Located just steps from Grand Central Terminal, the property combines Midtown prestige with efficient layouts designed for today’s workforce.
The space is well-suited for financial services, creative firms, technology groups, and professional practices seeking a highly accessible location with strong corporate identity.
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Key Features
- Total Size: ≈6,035 SF
- Asking Rent: $30,000/Month
- Annualized Rent: ≈$360,000
- Effective Rent per SF: ≈$60/SF annually
- Configuration: Mix of private offices, conference rooms, and open-plan work areas
- Building Amenities: Professional lobby, 24/7 access, security, multiple passenger elevators
- Exposure: Prominent Madison Avenue frontage for branding and corporate image
Lease & Terms
- Base Rent: $30,000/Month (~$60/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, proportionate real estate tax, typical office obligations
Market Profile
- Location Advantage: Situated on Madison Avenue at East 41st Street, the building offers quick access to Grand Central Terminal and Midtown’s extensive business and amenity base.
- Transit Access: 4/5/6/7/S subway lines, Metro-North, and major bus routes.
- Neighborhood Demand: Finance, legal, technology, and creative tenants are well-represented in this corridor.
- Competitive Advantage: Rare full-floor, sub-$60/SF office lease in a Madison Avenue Class A asset.
Summary
The 6,035 SF office space at 292 Madison Avenue, New York, NY 10017 is available for $30,000/Month (~$60/SF annually). Combining a prime Midtown location, modern infrastructure, and adaptable layouts, this space is a strong opportunity for corporate and creative tenants seeking Madison Avenue visibility with excellent transit connectivity.
