148 Madison Avenue

148 Madison Avenue has about 72,000 square feet of floor area in total, including 68,000 square feet of office and 4,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1917 as the year built. The building is 16 floors tall.

City records list 22-24 East 32nd Street and 148-150 Madison Avenue on the same tax lot (BBL 1008610064) as 148 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

148 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 148 Madison Avenue, New York, NY 10016, in Midtown South.

The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 15.38 and a maximum commercial FAR of 10 for this lot.

The closest subway station to 148 Madison Avenue is 33 St (the 6 train), about 600 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 28 St (the 6 train), 5 min walk; 28 St (the R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists LMR ASSETS LLC as the owner of record of 148 Madison Avenue (BBL 1008610064). 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.

148 Madison Avenue last sold in June 2024 for $31.3 million, according to the deed recorded with the city. 148 MAD NEW OWNER LLC sold it to LMR ASSETS LLC. That comes to about $436 per square foot of floor area. The deed is ACRIS document 2024061100425001 (BBL 1008610064) 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.

148 Madison Avenue reported an ENERGY STAR score of 56 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 56 earns a C. 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 75.4 kBtu per square foot, 8% below the national median of 81.6 for a similar property. Its greenhouse gas emissions were about 558 metric tons of CO2e (6.99 kg per square foot).

In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at 148 Madison Avenue. In the last two years, interior work was permitted on one floor (floor 1, the basement and the mezzanine). The newest build-out, on floor 1, the basement and the mezzanine, was first permitted in June 2026 (construction, plumbing; filed cost estimate $676,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008610064. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.16 million for 148 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 $777,131 a year, roughly $10.81 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008610064 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 148 Madison Avenue at $18.2 million ($4 million of it land) and its assessed value at $8.18 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 17% from 2022/23 ($15.6 million) to 2026/27.

Owners registered one storefront at 148 Madison Avenue for December 31, 2024, 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.

No space at 148 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.