Office building with commercial space · Midtown South, Manhattan

147 Madison Avenue

New York, NY 10016

147 Madison Avenue is a 12-floor office building with commercial space in Midtown South, Manhattan, built in 1917, with about 111,000 square feet of office space according to city records.

Also at 28-30 East 32nd Street and 147-149 Madison Avenue.

Office space
111K SF
Floors
12
Year built
1917
Zoning
C5-2

Office space next to its nearest neighbors

  1. 135 Madison Avenue1 min walk151K SF
  2. 147 Madison AvenueThis building111K SF
  3. 38 East 32nd Street1 min walk74K SF
  4. 31 East 32nd Street1 min walk49K SF

The 69th largest of the 184 office buildings we track in Midtown South. Compare it with 6 neighbors

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Compared with its neighbors

How 147 Madison Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 147 Madison Avenue ranks 2nd of 7 by office floor area. It went up in 1917; the median neighbor dates from 1913. Its estimated property tax, about $17.45 a square foot of floor area before abatements, is above the neighbors' median of $10.10.

147 Madison Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
147 Madison AvenueThis building111K SF121917$17.45Feb 2023, $77M
135 Madison Avenue1 min walk151K SF121912$12.33n/a
31 East 32nd Street1 min walk49K SF121915$8.26n/a
38 East 32nd Street1 min walk74K SF121912$9.11n/a
148 Madison Avenue1 min walk68K SF161917$10.81Jun 2024, $31.3M
161 Madison Avenue1 min walk58K SF121900$21.36n/a
44 East 32nd Street1 min walk74K SF121916$9.38Dec 2018, $59M
The 69th largest of the 184 office buildings we track in Midtown South: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
28-30 East 32nd Street; 147-149 Madison Avenue
ZIP code
10016
Building type
Office building with commercial space (city class O6)
Total floor area
119,006 SF
Commercial floor area
119,006 SF
Office
110,872 SF
Retail
8,134 SF
Height
12 floors
Average floor
About 9,900 SF (floor area divided by floors)
Year built
1917
Last major alteration
2020
Lot area
6,918 SF
Zoning district
C5-2
Built FAR
17.2
Max commercial FAR
10
Tax lot (BBL)
1008610057

Nearest subway

  • 33 St2 min walk · Not accessible
  • 28 St4 min walk · Partly accessible
  • 28 St5 min walk · Not accessible

Nearby large buildings

All 89 large office buildings on Madison Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered one storefront at 147 Madison Avenue for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.

Storefronts registered for December 31, 2025
1
Vacant that day
0
Share vacant across Midtown South
11.9%
Share vacant along Madison Avenue
10.4%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20192 of 2
  • 20202 of 2
  • 20211 of 1
  • 20221 of 1
  • 20231 of 1
  • 20240 of 1
  • 20250 of 1

Bars show the share of the lot's registered storefronts that stood vacant.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 149 MADISON SPE LLC as the owner of record. For tax year 2026/27 the city values 147 Madison Avenue at $46.8 million and assesses it at $21.1 million. After phase-ins and exemptions its taxable value is $19.1 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $2.08 million a year before abatements, roughly $17.45 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
149 MADISON SPE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$46,818,000
Land market value
$8,150,000
Assessed value
$21,068,100
Taxable value (phased in)
$19,141,380
Estimated yearly tax
About $2.08 million
Tax per SF of floor area
About $17.45

City market value by tax year

  • 2022/23$23.8 million
  • 2023/24$41.5 million
  • 2024/25$42.3 million
  • 2025/26$42.9 million
  • 2026/27$46.8 million

Market value rose 96% from 2022/23 ($23.8 million) to 2026/27.

How Midtown South compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

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NYC property records (ACRIS)

Sales history

147 Madison Avenue last sold in February 2023 for $77 million, according to the deed recorded with the city. COLUMBIA REIT- 149 MADISON, LLC sold it to 149 MADISON SPE LLC. That comes to about $647 per square foot of floor area.

Last sale (deed date)
February 6, 2023
Price
$77,000,000
Price per SF of floor area
About $647
Seller
COLUMBIA REIT- 149 MADISON, LLC
Buyer
149 MADISON SPE LLC
Deed recorded
February 8, 2023
ACRIS document
2023020700659001

Recorded sales

All 32 building sales in Midtown South since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

147 Madison Avenue reported an ENERGY STAR score of 94 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 27.9 kBtu per square foot, less than half the national median of 66.5 for a similar property. Its greenhouse gas emissions were about 368 metric tons of CO2e (3.21 kg per square foot).

ENERGY STAR score (2024)
94 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
27.9 kBtu/SF
National median for the type
66.5 kBtu/SF
Greenhouse gas emissions
368 t CO2e
Emissions per SF
3.21 kg CO2e
Floor area in the filing
119,006 SF

Energy sources in 2024

  • Electricity100%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 147 Madison Avenue. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on the cellar, was first permitted in June 2026 (construction, structural; filed cost estimate $340,000). A sidewalk shed permit here is active until January 3, 2027.

New jobs, last 12 months
5
Initial permits, last 12 months
6
Newest job first permitted
July 2026
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
1, cellar
Facade and sidewalk jobs, last 24 months
2
Sidewalk shed permit
Active until Jan 3, 2027

Recent build-outs

  • CellarJune 2026Construction, Structural; est. $340,000
  • Floor 1November 2025Construction; est. $20,000; signed off

New jobs by year

  • 20219
  • 20228
  • 20232
  • 20242
  • 20251
  • 2026 to date4

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

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Questions about 147 Madison Avenue

How big is 147 Madison Avenue?

147 Madison Avenue has about 119,000 square feet of floor area in total, including 111,000 square feet of office and 8,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 147 Madison Avenue built?

City records list 1917 as the year built, with a major alteration recorded in 2020. The building is 12 floors tall.

What other addresses does 147 Madison Avenue have?

City records list 28-30 East 32nd Street and 147-149 Madison Avenue on the same tax lot (BBL 1008610057) as 147 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 147 Madison Avenue?

147 Madison Avenue is in ZIP code 10016, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 147 Madison Avenue, New York, NY 10016, in Midtown South.

What is the zoning at 147 Madison Avenue?

The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 17.2 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 147 Madison Avenue?

The closest subway station to 147 Madison Avenue is 33 St (the 6 train), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 28 St (the 6 train), 4 min walk; 28 St (the R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 147 Madison Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 149 MADISON SPE LLC as the owner of record of 147 Madison Avenue (BBL 1008610057). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

When was 147 Madison Avenue last sold?

147 Madison Avenue last sold in February 2023 for $77 million, according to the deed recorded with the city. COLUMBIA REIT- 149 MADISON, LLC sold it to 149 MADISON SPE LLC. That comes to about $647 per square foot of floor area. The deed is ACRIS document 2023020700659001 (BBL 1008610057) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

What is the energy grade of 147 Madison Avenue?

147 Madison Avenue reported an ENERGY STAR score of 94 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 94 earns an A. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 27.9 kBtu per square foot, less than half the national median of 66.5 for a similar property. Its greenhouse gas emissions were about 368 metric tons of CO2e (3.21 kg per square foot).

Is there construction at 147 Madison Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 147 Madison Avenue. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on the cellar, was first permitted in June 2026 (construction, structural; filed cost estimate $340,000). A sidewalk shed permit here is active until January 3, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1008610057. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 147 Madison Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $19.1 million for 147 Madison Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.08 million a year, roughly $17.45 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008610057 show the actual bill.

What is the assessed value of 147 Madison Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 147 Madison Avenue at $46.8 million ($8.15 million of it land) and its assessed value at $21.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 96% from 2022/23 ($23.8 million) to 2026/27.

Are there vacant storefronts at 147 Madison Avenue?

Owners registered one storefront at 147 Madison Avenue for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 147 Madison Avenue?

No space at 147 Madison Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

2,723 buildings from city records

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