Commercial Lease – 343 Madison Avenue, New York, NY 10017
Asking Rent: $80,000/Month
Size: 18,611 SF
Lease Type: Office
Property Type: Class A Midtown Tower
Location: Midtown East – Grand Central District
Availability: Immediate
Property Overview
343 Madison Avenue presents a large-scale office opportunity of 18,611 SF in the heart of Midtown East, directly adjacent to Grand Central Terminal. This expansive full-floor space offers an efficient floorplate with the flexibility to accommodate corporate headquarters, financial services firms, technology tenants, or creative enterprises requiring scale in a premier location.
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With abundant natural light, professional finishes, and robust building infrastructure, this property combines efficiency with prestige along one of Manhattan’s most recognized corporate corridors.
Key Features
- Total Size: ≈18,611 SF
- Asking Rent: $80,000/Month
- Annualized Rent: ≈$960,000
- Effective Rent per SF: ≈$52/SF annually
- Configuration: Expansive, adaptable layout with potential for perimeter offices, large open work zones, and conference facilities
- Building: Class A office tower with modernized lobby, 24/7 security, elevators, and professional amenities
- Exposure: Madison Avenue corporate identity with prime branding opportunities
Lease & Terms
- Base Rent: $80,000/Month (~$52/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 taxes, and obligations standard to office leases
Market Profile
- Location Advantage: Positioned directly near Grand Central Terminal, offering unmatched transit connectivity (4/5/6/7/S lines, Metro-North, and bus access).
- Neighborhood Demand: Anchored by major financial, tech, and consulting firms in the Grand Central corridor.
- Competitive Advantage: Rare full-floor availability over 18,000 SF at sub-$55/SF annual effective rent in Midtown East.
Summary
The 18,611 SF office at 343 Madison Avenue, New York, NY 10017 is offered at $80,000/Month (~$52/SF annually). Combining scale, efficiency, and a premier location steps from Grand Central, this property represents an ideal headquarters or large-office solution for tenants seeking Midtown visibility and connectivity.
