540 Madison Avenue

540 Madison Avenue has about 273,000 square feet of floor area in total, including 264,000 square feet of office and 9,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1971 as the year built, with a major alteration recorded in 1997. The building is 37 floors tall.

City records list 18-28 East 55th Street and 540-548 Madison Avenue on the same tax lot (BBL 1012900056) as 540 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

540 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 540 Madison Avenue, New York, NY 10022, in Midtown.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 21.71 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 540 Madison Avenue is 5 Av/53 St (the E and F trains), about 500 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 5 Av/59 St (the N, R and W trains), 5 min walk; 51 St (the 6, E and F trains, connected to Lexington Av/53 St), 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 DW 540 MADISON, LLC as the owner of record of 540 Madison Avenue (BBL 1012900056). 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 540 Madison Avenue. One public company reports the address as its principal executive office: NATIONAL HEALTHCARE PROPERTIES, INC. (NHP). 3 investment managers and funds file 13F holdings reports from the address: Senvest Management, LLC; Simcoe Capital Management, LLC; and Snowden Capital Advisors 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.

540 Madison Avenue last sold in June 2019 for $310.3 million, according to the deed recorded with the city. 540 LAND PARTNERS LLC sold it to DW 540 MADISON, LLC. That comes to about $1,139 per square foot of floor area. The deed is ACRIS document 2019062800741001 (BBL 1012900056) 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.

540 Madison Avenue reported an ENERGY STAR score of 67 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 67 earns a C. 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 73.9 kBtu per square foot, 22% below the national median of 94.2 for a similar property. Its greenhouse gas emissions were about 1,984 metric tons of CO2e (6.81 kg per square foot).

At its 2024 energy use, 540 Madison Avenue comes to about 1,420 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,207 tons for 2024 to 2029 (64% of the limit), so it would owe no penalty. From 2030 the limit drops to 778 tons and the same energy use counts as about 922 tons, about 144 tons over, or an estimated $39,000 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 10 jobs at 540 Madison Avenue. In the last two years, interior work was permitted on 15 floors (floors 1, 5, 7, 13, 14, 17, 21 to 23, 33 to 35 and 37 to 39 and the cellar). The newest build-out, on floor 7, was first permitted in October 2026 (construction; filed cost estimate $5,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012900056. 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 $63.4 million for 540 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 $6.88 million a year, roughly $25.23 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012900056 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 540 Madison Avenue at $144.7 million ($20.6 million of it land) and its assessed value at $65.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value held steady from 2022/23 to 2026/27.

No space at 540 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.