390 Madison Avenue

390 Madison Avenue has about 821,000 square feet of floor area in total, including 760,000 square feet of office, 14,000 square feet of retail and 8,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1953 as the year built, with a major alteration recorded in 2014. The building is 32 floors tall.

City records list 11-29 East 46th Street, 16-24 East 47th Street and 378-390 Madison Avenue on the same tax lot (BBL 1012820017) as 390 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

390 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 390 Madison Avenue, New York, NY 10017, in Midtown.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 21.52 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 390 Madison Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 0.2 miles away in a straight line, roughly 5 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), 5 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.

The NYC Department of Finance's 2026/27 assessment roll lists NYS COMMON RETIREMENT FUND as the owner of record of 390 Madison Avenue (BBL 1012820017). 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 390 Madison Avenue. One public company reports the address as its principal executive office: J.P. MORGAN REAL ESTATE INCOME TRUST, INC.. 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.

390 Madison Avenue reported an ENERGY STAR score of 89 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 89 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 40.3 kBtu per square foot, less than half the national median of 81.8 for a similar property. Its greenhouse gas emissions were about 3,816 metric tons of CO2e (4.1 kg per square foot).

In the 12 months to October 2026, the Department of Buildings issued first permits for 15 jobs at 390 Madison Avenue. In the last two years, interior work was permitted on 15 floors (floors 1, 2, 5 to 10, 14, 16, 24, 25 and 27 to 29, the cellar and the sub-cellar). The newest build-out, on floors 9 and 10, was first permitted in October 2026 (construction, mechanical; filed cost estimate $500,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012820017. 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 exemptions covering the whole taxable value of 390 Madison Avenue, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 1012820017 show what is actually billed.

For tax year 2026/27, the NYC Department of Finance puts the market value of 390 Madison Avenue at $548.4 million ($95.4 million of it land) and its assessed value at $246.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 49% from 2022/23 ($367.9 million) to 2026/27.

Owners registered 2 storefronts at 390 Madison Avenue for December 31, 2025, the newest annual filing the city has published, and none stood 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 390 Madison Avenue is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.