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488 Madison Ave

Midtown East, New York, NY
Floors
24
Total Size
447,000 sqft
Lot Size
0 acres
Year Constructed
1949
Year Renovated
0
LEED Certification
None
Number of Buildings
1

Features

Lobby Attendant
Freight Elevator
Close To Public Transit

About 488 Madison Ave

This office space is located at 488 Madison Avenue, New York,, NY. This building was originally built in 1949 and features 24 stories and a total size of 447,000 square feet.

Upon entering, tenants and visitors are greeted by an elegantly appointed marble lobby That features a mix of neutral, contemporary colors and stone accents. New elevators are available to take tenants and visitors to their destinations.

This Midtown building is conveniently located to numerous train and bus lines for an easy commute to and from work. Tenants have access to the building on a 24/7 basis and the building features a professional lobby attendant to assist with visitor management and security.

488 Madison has several office spaces for rent that range from 10,360 square feet to 18,555 square feet. The units on the 22nd and 16th floors feature wraparound terraces perfect for entertaining.

Each floor features spectacular views and an abundance of natural light. Among the views from this premier office building is St. Patrick’s Cathedral. The 22nd-floor unit is ready-to-move in and features a mix of offices and open area. This space also features full-height frosted glass office fronts, a kitchen, a dedicated reception area and furniture. The other spaces are either core-and-shell or raw.

The building’s exterior features a stunning mix of masonry, granite, metal and glass. A beautiful awning features a metal address for added exposure.

Internet Providers for 488 Madison Ave

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Cablevision/Lightpath Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 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