Office building · Grand Central, Manhattan

352 Madison Avenue

New York, NY 10017

352 Madison Avenue is a 25-floor office building in Grand Central, Manhattan, built in 1922, with about 344,000 square feet of office space according to city records.

Also at 14-26 East 45th Street and 348-356 Madison Avenue.

Office space
344K SF
Floors
25
Year built
1922
Zoning
C5-3

Office space next to its nearest neighbors

  1. 352 Madison AvenueThis building344K SF
  2. 7 East 44th Street1 min walk105K SF
  3. 346 Madison Avenue1 min walk76K SF
  4. 6 East 45th Street1 min walk74K SF

The 32nd largest of the 83 office buildings we track in Grand Central. Compare it with 6 neighbors

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Compared with its neighbors

How 352 Madison Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 352 Madison Avenue is the largest by office floor area. It went up in 1922; the median neighbor dates from 1928. Its estimated property tax, about $17.09 a square foot of floor area before abatements, is close to the neighbors' median of $16.49.

352 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
352 Madison AvenueThis building344K SF251922$17.09Mar 2013, $262M (2 lots)
346 Madison Avenue1 min walk76K SF111915$23.60Oct 2025, $85M
7 East 44th Street1 min walk105K SF181927$13.87Oct 2025, $75M
6 East 45th Street1 min walk74K SF191932$8.81Sep 2023, $26.8M
360 Madison Avenue1 min walk319K SF241917$19.10n/a
545 Fifth Avenue1 min walk150K SF131930$20.95Mar 2006, $116M
18 East 46th Street1 min walk78K SF151958$12.50n/a
The 32nd largest of the 83 office buildings we track in Grand Central: 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
14-26 East 45th Street; 348-356 Madison Avenue
ZIP code
10017
Building type
Office building (city class O4)
Total floor area
380,776 SF
Commercial floor area
380,776 SF
Office
344,482 SF
Retail
36,284 SF
Height
25 floors
Average floor
About 15,200 SF (floor area divided by floors)
Year built
1922
Last major alteration
2001
Lot area
18,800 SF
Zoning district
C5-3
Built FAR
20.25
Max commercial FAR
15
Tax lot (BBL)
1012790057

Nearest subway

  • Grand Central-42 St3 min walk · Accessible station
  • 5 Av4 min walk · Not accessible · connects to 42 St-Bryant Pk
  • 47-50 Sts-Rockefeller Ctr6 min walk · Accessible station

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 352 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 Grand Central
19.7%
Share vacant along Madison Avenue
10.4%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20190 of 2
  • 20200 of 2
  • 20210 of 1
  • 20220 of 1
  • 20230 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 350 MADISON ACQUISITION LLC as the owner of record. For tax year 2026/27 the city values 352 Madison Avenue at $137 million and assesses it at $61.7 million. After phase-ins and exemptions its taxable value is $60 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 $6.51 million a year before abatements, roughly $17.09 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
350 MADISON ACQUISITION LLC
Tax class
Class 4 (commercial and industrial)
City market value
$137,023,000
Land market value
$26,200,000
Assessed value
$61,660,350
Taxable value (phased in)
$59,984,550
Estimated yearly tax
About $6.51 million
Tax per SF of floor area
About $17.09

City market value by tax year

  • 2022/23$131.5 million
  • 2023/24$133 million
  • 2024/25$132.2 million
  • 2025/26$132.8 million
  • 2026/27$137 million

Market value rose 4% from 2022/23 ($131.5 million) to 2026/27.

How Grand Central 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

352 Madison Avenue last sold in March 2013 in a $261.5 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. 350 MADISON PROPERTIES LLC sold it to 350 MADISON ACQUISITION LLC.

Last sale (deed date)
March 6, 2013
Combined price
$261,500,000 for 2 tax lots
Seller
350 MADISON PROPERTIES LLC
Buyer
350 MADISON ACQUISITION LLC
Deed recorded
March 13, 2013
ACRIS document
2013031100066001
All 24 building sales in Grand Central 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; a price for several tax lots is the combined price, not this building's alone.

SEC filings (EDGAR)

Companies with offices here

3 investment managers and funds give 352 Madison Avenue as their office address in SEC filings.

Investment managers and funds

Office address on their latest 13F holdings report

  • ALKEON CAPITAL MANAGEMENT LLC13F, Aug 2026
  • Certares Management LLC13F, Aug 2026
  • Certares Opportunities LLC13F, Aug 2026

Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

352 Madison Avenue reported an ENERGY STAR score of 79 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 51.5 kBtu per square foot, 36% below the national median of 80.6 for a similar property. Its greenhouse gas emissions were about 1,997 metric tons of CO2e (5.25 kg per square foot).

ENERGY STAR score (2024)
79 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
51.5 kBtu/SF
National median for the type
80.6 kBtu/SF
Greenhouse gas emissions
1,997 t CO2e
Emissions per SF
5.25 kg CO2e
Floor area in the filing
380,775 SF
ENERGY STAR certified
2018, 2022

ENERGY STAR score by year

  • 202275 (B)
  • 202378 (B)
  • 202479 (B)

Energy sources in 2024

  • Electricity73%
  • District steam27%

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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 352 Madison Avenue comes to about 1,449 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,886 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,025 tons and the same energy use counts as about 837 tons, still under the limit.

Period
2024 to 2029
Emissions limit
2,886 t CO2e
Estimated emissions
1,449 t CO2e
Under the limit by
1,437 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
1,025 t CO2e
Estimated emissions
837 t CO2e
Under the limit by
188 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 380,775 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

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NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 352 Madison Avenue in the 12 months to October 2026; the last one was first permitted in November 2021.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
November 2021
Interior build-outs, last 24 months
0

New jobs by year

  • 202124
  • 20220
  • 20230
  • 20240
  • 20250
  • 2026 to date0

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.

No office space listed in Grand Central yet

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Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about 352 Madison Avenue

How big is 352 Madison Avenue?

352 Madison Avenue has about 381,000 square feet of floor area in total, including 344,000 square feet of office and 36,000 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 352 Madison Avenue built?

City records list 1922 as the year built, with a major alteration recorded in 2001. The building is 25 floors tall.

What other addresses does 352 Madison Avenue have?

City records list 14-26 East 45th Street and 348-356 Madison Avenue on the same tax lot (BBL 1012790057) as 352 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 352 Madison Avenue?

352 Madison Avenue is in ZIP code 10017, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 352 Madison Avenue, New York, NY 10017, in Grand Central.

What is the zoning at 352 Madison Avenue?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 20.25 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 352 Madison Avenue?

The closest subway station to 352 Madison Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 750 feet away in a straight line, roughly 3 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; 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 352 Madison Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 350 MADISON ACQUISITION LLC as the owner of record of 352 Madison Avenue (BBL 1012790057). 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.

Who are the tenants at 352 Madison Avenue?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 352 Madison Avenue. 3 investment managers and funds file 13F holdings reports from the address: ALKEON CAPITAL MANAGEMENT LLC, Certares Management LLC and Certares Opportunities LLC. 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.

When was 352 Madison Avenue last sold?

352 Madison Avenue last sold in March 2013 in a $261.5 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. 350 MADISON PROPERTIES LLC sold it to 350 MADISON ACQUISITION LLC. The deed is ACRIS document 2013031100066001 (BBL 1012790057) 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 352 Madison Avenue?

352 Madison Avenue reported an ENERGY STAR score of 79 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 79 earns a B. 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 51.5 kBtu per square foot, 36% below the national median of 80.6 for a similar property. Its greenhouse gas emissions were about 1,997 metric tons of CO2e (5.25 kg per square foot).

Does 352 Madison Avenue meet Local Law 97?

At its 2024 energy use, 352 Madison Avenue comes to about 1,449 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,886 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,025 tons and the same energy use counts as about 837 tons, still under the limit. 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.

Is there construction at 352 Madison Avenue?

The Department of Buildings issued no permits for new jobs at 352 Madison Avenue in the 12 months to October 2026; the last one was first permitted in November 2021. These are the Department of Buildings' DOB NOW work permits for tax lot 1012790057. 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 352 Madison Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $60 million for 352 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 $6.51 million a year, roughly $17.09 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012790057 show the actual bill.

What is the assessed value of 352 Madison Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 352 Madison Avenue at $137 million ($26.2 million of it land) and its assessed value at $61.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2022/23 ($131.5 million) to 2026/27.

Are there vacant storefronts at 352 Madison Avenue?

Owners registered one storefront at 352 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 352 Madison Avenue?

No space at 352 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

Look up another building

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