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424 Madison Ave

Midtown East, New York, NY
Floors
15
Total Size
47,500 sqft
Lot Size
0 acres
Zoning
Year Constructed
1926
Year Renovated
1999
Number of Buildings
1

Current Availabilities

$74.40
/sqft/yr
Oct 05
ago
Office
  • Term Length: 12 months
  • Offices
  • Furniture
  • Reception
  • High ceilings
  • Natural light

Beautiful office space sublease in ideal midtown manhattan location on Madison between 48th & 49th Street.

  • Shared conference room
  • Shared Bathrooms
  • Utilities included

About 424 Madison Ave

This office space is located at 424 Madison Avenue, New York, NY. This building was originally built in 1926 and features 15 stories.

This office building underwent renovations in 1999. This building is just steps to Grand Central Terminal. Within a short walk, tenants will find the 4, 5, 6, 7, B, D, F, M, E and S subway lines making the morning and evening commutes hassle-free.

The office space at 424 Madison Ave features numerous amenities. The space is ready-to-go and in move-in condition. The layout is ideal for a service-related firm and features a dedicated reception area.

The space features eight windowed offices and an ample open area with space for over 12 workstations. Tenants will find a pantry for added convenience and a quick pick-me-up in the middle of the work day.

Within a short walk, tenants will find numerous dining options including authentic Japanese, cafes, Irish cuisine and comfortable lunch spots.

The building's facade features dark brick and intricate stonework along the upper two floors. The lower levels feature lighter-colored stonework and large storefront windows.

Internet Providers for 424 Madison Ave

Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber
10 Gb/s
10 Gb/s
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
tw telecom Fiber
10 Gb/s
10 Gb/s
Cablevision/Lightpath Fiber
10 Gb/s
10 Gb/s
Cogent Communications Fiber
10 Gb/s
10 Gb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Midtown East

The typical asking rate per listing is in the $80's per square foot per year. The Midtown East region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Midtown East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Midtown East $83
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in Midtown East