Commercial Lease – 360 Madison Avenue, New York, NY 10017
Asking Rent: $40,000/Month
Size: 8,439 SF
Lease Type: Office
Property Type: Class A Midtown East Office Building
Location: Grand Central District, Midtown Manhattan
Availability: Immediate
Property Overview
360 Madison Avenue presents an 8,439 SF office suite in a premier Midtown East office tower. With its efficient floorplate, professional finishes, and excellent natural light, this property is well-positioned for financial services, consulting, law, technology, or creative firms seeking a cost-effective presence in a Grand Central corridor building.
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The suite provides a mix of private offices, open collaboration areas, and conference space, allowing for a flexible tenant buildout.
Key Features
- Total Size: ≈8,439 SF
- Asking Rent: $40,000/Month
- Annualized Rent: ≈$480,000
- Effective Rent per SF: ≈$57/SF annually
- Configuration: Flexible layout with potential for perimeter offices and large open work areas
- Building: Class A Midtown office tower with modernized lobby, 24/7 access, security, and multiple elevators
- Exposure: Madison Avenue corporate identity with branding potential
Lease & Terms
- Base Rent: $40,000/Month (~$57/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, real estate taxes, and obligations typical for office leases
Market Profile
- Location Advantage: Steps from Grand Central Terminal, Bryant Park, and Midtown amenities, offering superior transit connectivity.
- Transit Access: 4/5/6/7/S subway lines, Metro-North, and multiple bus routes.
- Neighborhood Demand: Strong appeal for finance, law, consulting, and creative firms seeking Class A space at an efficient cost per SF.
- Competitive Advantage: Rare 8,400 SF full-floor Midtown office with prestigious address at sub-$60/SF effective rent.
Summary
The 8,439 SF office space at 360 Madison Avenue, New York, NY 10017 is available for $40,000/Month (~$57/SF annually). With its efficient floorplate, Class A finishes, and prime Grand Central location, this property offers tenants an excellent balance of Midtown prestige and value.
