For Lease – 501 Madison Avenue, New York, NY 10022
Asking Rent: $10,000 / Month
Size: 1,543 SF
Property Type: Office
Location: Midtown East / Plaza District (10022)
Property Overview
501 Madison Avenue offers a 1,543 SF boutique office suite in the heart of Manhattan’s Plaza District. With its prestigious Madison Avenue address, this space is ideal for professional service firms, boutique investment offices, or creative agencies seeking an efficient layout in one of Midtown’s most desirable corridors. The building is recognized for its classic Art Deco character paired with modernized infrastructure.
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Key Features
- Total Size: ≈1,543 SF
- Asking Rent: $10,000 / month
- Annualized Rent: ≈$120,000
- Effective Rent per SF: ≈$78/SF annually
- Configuration: Adaptable floorplan with potential for private offices, conference room, and open work area
- Building: Iconic Art Deco office tower with attended lobby, 24/7 access, and upgraded systems
- Neighborhood: Plaza District corridor surrounded by Fortune 500 headquarters, luxury retail, and cultural landmarks
Lease & Terms
- Base Rent: $10,000 / month (~$78/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 obligations
Market Profile
Location Advantage: Prime Madison Avenue address near St. Patrick’s Cathedral, Rockefeller Center, and Fifth Avenue retail.
Transit Access: Excellent access to 51st Street station (6, E), Rockefeller Center hub (B/D/F/M), and Grand Central Terminal (Metro-North + multiple subway lines).
Neighborhood Demand: High demand from boutique financial, legal, and creative firms looking for Midtown prestige in efficient footprints.
Summary
The 1,543 SF office space at 501 Madison Avenue is offered at $10,000/month (~$78/SF annually). Combining Plaza District prestige with a boutique-sized layout, this availability is a strong opportunity for professional tenants seeking a cost-effective Madison Avenue presence.
