Want · Office
Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- May 2027
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Office building with commercial space · Midtown, Manhattan
418 Madison Avenue
New York, NY 10017
418 Madison Avenue is a 15-floor office building with commercial space in Midtown, Manhattan, built in 1927, with about 41,000 square feet of office space according to city records.
Also at 418-420 Madison Avenue.
- Office space
- 41K SF
- Floors
- 15
- Year built
- 1927
- Zoning
- C5-3
The 334th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 418 Madison Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Midtown and hear the moment a tenant posts a requirement there.
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Compared with its neighbors
How 418 Madison Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 418 Madison Avenue is the smallest by office floor area. It went up in 1927; the median neighbor dates from 1928. Its estimated property tax, about $9.09 a square foot of floor area before abatements, is below the neighbors' median of $15.59.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 418 Madison Avenue | 41K SF | 15 | 1927 | $9.09 | n/a |
| 410 Madison Avenue | 52K SF | 7 | 1964 | $11.79 | Jun 2020, $115M |
| 424 Madison Avenue | 60K SF | 15 | 1926 | $14.56 | Nov 2006, $31M |
| Tower 49, 7 East 48th Street | 654K SF | 45 | 1984 | $16.91 | n/a |
| 425 Madison Avenue | 98K SF | 19 | 1927 | $8.58 | n/a |
| 18 East 48th Street | 109K SF | 22 | 1928 | $16.62 | n/a |
| 400 Madison Avenue | 138K SF | 20 | 1929 | $21.28 | Oct 2018, $195M |
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 address
- 418-420 Madison Avenue
- ZIP code
- 10017
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 46,167 SF
- Commercial floor area
- 46,167 SF
- Office
- 40,967 SF
- Retail
- 5,200 SF
- Height
- 15 floors
- Average floor
- About 3,100 SF (floor area divided by floors)
- Year built
- 1927
- Last major alteration
- 1988
- Lot area
- 3,275 SF
- Zoning district
- C5-3
- Built FAR
- 14.1
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012840017
Nearest subway
- 5 Av/53 St
- 51 St
- 47-50 Sts-Rockefeller Ctr
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists LEE TAI ENTERPRISES USA LTD as the owner of record. For tax year 2026/27 the city values 418 Madison Avenue at $8.72 million and assesses it at $3.93 million. After phase-ins and exemptions its taxable value is $3.87 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 $419,525 a year before abatements, roughly $9.09 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
- LEE TAI ENTERPRISES USA LTD
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,723,000
- Land market value
- $3,090,000
- Assessed value
- $3,925,350
- Taxable value (phased in)
- $3,867,300
- Estimated yearly tax
- About $419,525
- Tax per SF of floor area
- About $9.09
City market value by tax year
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 2026-10-08; 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.
Own or manage 418 Madison Avenue? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 418 Madison Avenue in the 12 months to October 2026; the last one was first permitted in January 2022.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- January 2022
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across MidtownWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). 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.
Office space nearby in Midtown
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
What a requirement here looks like
No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 418 Madison Avenue and we match it against every new one automatically.
Want · Office
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Jul 2027
24/7 access
Owners: got a fit?I have a fit
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Questions about 418 Madison Avenue
How big is 418 Madison Avenue?
418 Madison Avenue has about 46,000 square feet of floor area in total, including 41,000 square feet of office and 5,000 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 418 Madison Avenue built?
City records list 1927 as the year built, with a major alteration recorded in 1988. The building is 15 floors tall.
What other addresses does 418 Madison Avenue have?
City records list 418-420 Madison Avenue on the same tax lot (BBL 1012840017) as 418 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 418 Madison Avenue?
418 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 418 Madison Avenue, New York, NY 10017, in Midtown.
What is the zoning at 418 Madison Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.1 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 418 Madison Avenue?
The closest subway station to 418 Madison Avenue is 5 Av/53 St (the E and F trains), about 0.2 miles away in a straight line, roughly 5 minutes on foot. Also nearby: 51 St (the 6, E and F trains, connected to Lexington Av/53 St), 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.
Who owns 418 Madison Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists LEE TAI ENTERPRISES USA LTD as the owner of record of 418 Madison Avenue (BBL 1012840017). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 418 Madison Avenue?
The Department of Buildings issued no permits for new jobs at 418 Madison Avenue in the 12 months to October 2026; the last one was first permitted in January 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 1012840017. 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 418 Madison Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.87 million for 418 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 $419,525 a year, roughly $9.09 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012840017 show the actual bill.
What is the assessed value of 418 Madison Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 418 Madison Avenue at $8.72 million ($3.09 million of it land) and its assessed value at $3.93 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($8.29 million) to 2026/27.
Is there office space for lease at 418 Madison Avenue?
No space at 418 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.
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