Commercial Office Lease – 485 Madison Avenue, New York, NY 10022
Asking Rent: $40,000/month
Lease Type: Commercial – Office / Showroom
Property Type: Class A Office Space
Location: Midtown East – Madison Avenue Corridor (10022)
Availability: Immediate
Property Overview
485 Madison Avenue offers 5,485 SF of premier office/showroom space in a distinguished Class A Midtown tower. With strong Madison Avenue visibility and proximity to Grand Central and Rockefeller Center, the property is ideal for financial firms, professional services, creative agencies, or luxury showrooms seeking prestige and accessibility.
Read More
The building provides modernized infrastructure, efficient layouts, and excellent natural light, making it an attractive option for tenants requiring both functionality and branding power along one of Manhattan’s most recognized corridors.
Key Features
- Total Size: ≈ 5,485 SF
- Asking Rent: $40,000/month
- Annualized Rent: ≈ $480,000
- Effective Rent per SF: ≈ $87/SF annually
- Building Class: Class A – Midtown East
- Layout: Flexible floorplate for offices, meeting rooms, or collaborative open space
- Visibility: Prominent Madison Avenue address with corporate credibility
Lease & Terms
- Base Rent: $40,000/month (~$87/SF/YR)
- Term: Negotiable; long-term leases preferred
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard financials required (ID, company info, proof of funds)
- Tenant Responsibilities: Utilities, RE taxes, and operating expenses typical for Class A office leases
Market Profile
- Location Advantage: Midtown East, one of Manhattan’s strongest office corridors, home to major corporate tenants and professional firms.
- Transit Access: Excellent access to Grand Central Terminal (Metro-North, 4/5/6, 7, Shuttle), multiple bus lines, and subway connections at 51st Street (E/M, 6).
- Neighborhood Demand: Strong from finance, consulting, legal, and creative tenants seeking Midtown prestige.
- Competitive Advantage: A Madison Avenue address at ~$87/SF is highly competitive relative to newer towers, while offering equal brand impact.
Summary
The 5,485 SF space at 485 Madison Avenue is offered at $40,000/month (~$87/SF annually), delivering a rare blend of prestige, functionality, and affordability in Midtown East. With its Class A infrastructure, strong transit access, and branding power, this space is well-suited for firms seeking to establish or upgrade their Manhattan presence.
