For Lease – 488 Madison Avenue, New York, NY 10022
Asking Rent: $30,000 / Month
Size: 5,354 SF
Property Type: Office
Location: Midtown East / Plaza District (10022)
Property Overview
488 Madison Avenue offers 5,354 SF of professional office space in the heart of Midtown East. Situated at the corner of Madison Avenue and East 52nd Street, this iconic Plaza District address places tenants among world-class corporations, financial institutions, and luxury retail. With a modernized building infrastructure and flexible floorplate, the space is ideally configured for boutique investment firms, family offices, law practices, and creative agencies.
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Key Features
- Total Size: ≈5,354 SF
- Asking Rent: $30,000 / month
- Annualized Rent: ≈$360,000
- Effective Rent per SF: ≈$67/SF annually
- Configuration: Efficient floorplate adaptable to a mix of private offices, meeting rooms, and open workspace
- Building: Full-service Midtown office tower with attended lobby, modern elevators, and 24/7 tenant access
- Neighborhood: Surrounded by premier corporate, retail, and hospitality destinations in the Plaza District
Lease & Terms
- Base Rent: $30,000 / month (~$67/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, proportionate RE taxes, and standard office lease obligations
Market Profile
Location Advantage: Positioned in the Plaza District at Madison Avenue & East 52nd Street, steps from Rockefeller Center and Fifth Avenue.
Transit Access: Convenient to 51st Street (6, E), Rockefeller Center (B/D/F/M), and a short walk to Grand Central Terminal (Metro-North + multiple subway lines).
Neighborhood Demand: Strong appeal to finance, hedge funds, law firms, and international companies desiring prestigious Midtown presence.
Summary
The 5,354 SF office space at 488 Madison Avenue is available for $30,000/month (~$67/SF annually). Offering an efficient layout, Plaza District prestige, and excellent transportation connectivity, this space is a prime opportunity for boutique professional tenants seeking a Madison Avenue address.
