Office building · Midtown, Manhattan
527 Madison Avenue
New York, NY 10022
527 Madison Avenue is a 25-floor office building in Midtown, Manhattan, built in 1985, with about 183,000 square feet of office space according to city records.
Also at 40-54 East 54th Street and 527-531 Madison Avenue.
- Office space
- 183K SF
- Floors
- 25
- Year built
- 1985
- Zoning
- C5-3
The 171st largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 527 Madison Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 527 Madison Avenue ranks 4th of 7 by office floor area. It went up in 1985; the median neighbor dates from 1941. Its estimated property tax, about $26.75 a square foot of floor area before abatements, is above the neighbors' median of $20.36.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 527 Madison Avenue | 183K SF | 25 | 1985 | $26.75 | Sep 2008, $225M |
| DuMont Building, 515 Madison Avenue | 323K SF | 42 | 1931 | $11.13 | n/a |
| 535 Madison Avenue | 436K SF | 36 | 1981 | $23.73 | n/a |
| 43 East 53rd Street | 113K SF | 20 | 1990 | $29.06 | Jul 2022, $103M |
| 59 East 54th Street | 40K SF | 9 | 1923 | $8.67 | n/a |
| Lever House, 390 Park Avenue | 239K SF | 22 | 1952 | $41.13 | n/a |
| 507 Madison Avenue | 127K SF | 21 | 1929 | $16.98 | n/a |
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
- 40-54 East 54th Street; 527-531 Madison Avenue
- ZIP code
- 10022
- Building type
- Office building (city class O4)
- Total floor area
- 197,948 SF
- Commercial floor area
- 197,948 SF
- Office
- 183,491 SF
- Retail
- 7,937 SF
- Industrial and storage
- 10 SF
- Height
- 25 floors
- Average floor
- About 7,900 SF (floor area divided by floors)
- Year built
- 1985
- Lot area
- 11,650 SF
- Zoning district
- C5-3
- Built FAR
- 16.99
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012890052
Nearest subway
- 5 Av/53 St
- 51 St
- 5 Av/59 St
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 527 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 Midtown
- 14.3%
- Share vacant along Madison Avenue
- 10.4%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Midtown? Get matchedNYC storefront vacancy report
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 MFA 527 MADISON LLC as the owner of record. For tax year 2026/27 the city values 527 Madison Avenue at $108.5 million and assesses it at $48.8 million. After phase-ins and exemptions its taxable value is $48.8 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 $5.29 million a year before abatements, roughly $26.75 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
- MFA 527 MADISON LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $108,468,000
- Land market value
- $24,300,000
- Assessed value
- $48,810,600
- Estimated yearly tax
- About $5.29 million
- Tax per SF of floor area
- About $26.75
City market value by tax year
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How to find who owns any NYC buildingSource: 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
527 Madison Avenue last sold in September 2008 for $225 million, according to the deed recorded with the city. 527 MADISON OWNER, LLC sold it to MFA 527 MADISON LLC. That comes to about $1,137 per square foot of floor area.
- Last sale (deed date)
- September 17, 2008
- Price
- $225,000,000
- Price per SF of floor area
- About $1,137
- Seller
- 527 MADISON OWNER, LLC
- Buyer
- MFA 527 MADISON LLC
- Deed recorded
- September 23, 2008
- ACRIS document
- 2008091900536002
Recorded sales
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.
SEC filings (EDGAR)
Companies with offices here
4 investment managers and funds give 527 Madison Avenue as their office address in SEC filings.
Investment managers and funds
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
527 Madison Avenue reported an ENERGY STAR score of 78 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 51.8 kBtu per square foot, 35% below the national median of 79.1 for a similar property. Its greenhouse gas emissions were about 1,206 metric tons of CO2e (5.97 kg per square foot).
- ENERGY STAR score (2024)
- 78 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 51.8 kBtu/SF
- National median for the type
- 79.1 kBtu/SF
- Greenhouse gas emissions
- 1,206 t CO2e
- Emissions per SF
- 5.97 kg CO2e
- Floor area in the filing
- 202,170 SF
- ENERGY STAR certified
- 2010, 2012, 2025
ENERGY STAR score by year
Energy sources in 2024
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.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at 527 Madison Avenue. In the last two years, interior work was permitted on 4 floors (floors 1, 8, 24 and 26, the cellar and the ground floor). The newest build-out, on floor 26, was first permitted in July 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $284,000).
- New jobs, last 12 months
- 7
- Initial permits, last 12 months
- 9
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 5
- Floors with interior work, last 24 months
- 1, 8, 24 and 26, cellar, ground floor
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
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 2026-10-24 (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.
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Next door, in the Upper East Side
783 Madison 4th Floor
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Questions about 527 Madison Avenue
How big is 527 Madison Avenue?
527 Madison Avenue has about 198,000 square feet of floor area in total, including 183,000 square feet of office, 8,000 square feet of retail and 0 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.
When was 527 Madison Avenue built?
City records list 1985 as the year built. The building is 25 floors tall.
What other addresses does 527 Madison Avenue have?
City records list 40-54 East 54th Street and 527-531 Madison Avenue on the same tax lot (BBL 1012890052) as 527 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 527 Madison Avenue?
527 Madison Avenue is in ZIP code 10022, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 527 Madison Avenue, New York, NY 10022, in Midtown.
What is the zoning at 527 Madison Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 16.99 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 527 Madison Avenue?
The closest subway station to 527 Madison Avenue is 5 Av/53 St (the E and F trains), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 51 St (the 6, E and F trains, connected to Lexington Av/53 St), 4 min walk; 5 Av/59 St (the N, R and W trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 527 Madison Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists MFA 527 MADISON LLC as the owner of record of 527 Madison Avenue (BBL 1012890052). 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 527 Madison Avenue?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 527 Madison Avenue. 4 investment managers and funds file 13F holdings reports from the address, including AWM Investment Company, Inc.; CAPITAL COUNSEL LLC; and Long Pond Capital, 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.
When was 527 Madison Avenue last sold?
527 Madison Avenue last sold in September 2008 for $225 million, according to the deed recorded with the city. 527 MADISON OWNER, LLC sold it to MFA 527 MADISON LLC. That comes to about $1,137 per square foot of floor area. The deed is ACRIS document 2008091900536002 (BBL 1012890052) 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 527 Madison Avenue?
527 Madison Avenue reported an ENERGY STAR score of 78 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 78 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 51.8 kBtu per square foot, 35% below the national median of 79.1 for a similar property. Its greenhouse gas emissions were about 1,206 metric tons of CO2e (5.97 kg per square foot).
Is there construction at 527 Madison Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at 527 Madison Avenue. In the last two years, interior work was permitted on 4 floors (floors 1, 8, 24 and 26, the cellar and the ground floor). The newest build-out, on floor 26, was first permitted in July 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $284,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012890052. 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 527 Madison Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $48.8 million for 527 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 $5.29 million a year, roughly $26.75 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012890052 show the actual bill.
What is the assessed value of 527 Madison Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 527 Madison Avenue at $108.5 million ($24.3 million of it land) and its assessed value at $48.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 1% from 2022/23 ($107.2 million) to 2026/27.
Are there vacant storefronts at 527 Madison Avenue?
Owners registered one storefront at 527 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 527 Madison Avenue?
No space at 527 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.
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