273 Madison Avenue

273 Madison Avenue has about 281,000 square feet of floor area in total, including 269,000 square feet of office and 12,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

The Landmarks Preservation Commission's building records date 273 Madison Avenue to 1930-1931, designed by Kenneth Franzheim. The building is 43 floors tall.

Kenneth Franzheim, according to the Landmarks Preservation Commission's building records, which list the style as Art Deco and its original use as an office building.

The tax lot at 273 Madison Avenue includes 275 Madison Avenue Building, an individual landmark designated January 13, 2009 (LP-02286). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Landmarks Preservation Commission.

City records list 22-26 East 40th Street and 273-277 Madison Avenue on the same tax lot (BBL 1008690054) as 273 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

273 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 273 Madison Avenue, New York, NY 10016, in Grand Central.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 22.77 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 273 Madison Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 600 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 4 min walk; 33 St (the 6 train), 7 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists 275 MADISON AVE RPW 1 LLC as the owner of record of 273 Madison Avenue (BBL 1008690054). 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.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 273 Madison Avenue. One investment manager files 13F holdings reports from the address: ELWOOD CAPITAL PARTNERS LP. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

273 Madison Avenue last sold in August 2016 for $273 million, according to the deed recorded with the city. GP 275 OWNER, LLC sold it to 275 MADISON AVE RPW 1 LLC and 275 MADISON AVE RPW 2 LLC. That comes to about $971 per square foot of floor area. The deed is ACRIS document 2016082200516001 (BBL 1008690054) 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.

273 Madison Avenue reported an ENERGY STAR score of 88 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 88 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 63 kBtu per square foot, 49% below the national median of 124.4 for a similar property. Its greenhouse gas emissions were about 1,585 metric tons of CO2e (5.64 kg per square foot).

At its 2024 energy use, 273 Madison Avenue comes to about 1,269 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,132 tons for 2024 to 2029 (60% of the limit), so it would owe no penalty. From 2030 the limit drops to 757 tons and the same energy use counts as about 831 tons, about 74 tons over, or an estimated $20,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 273 Madison Avenue. In the last two years, interior work was permitted on 3 floors (floors 2, 3 and 22). The newest build-out, on floors 2 and 3, was first permitted in May 2026 (structural; filed cost estimate $40,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008690054. 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 $45.2 million for 273 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 $4.9 million a year, roughly $17.42 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008690054 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 273 Madison Avenue at $107.1 million ($23 million of it land) and its assessed value at $48.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($94.8 million) to 2026/27.

No space at 273 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.