Office building · Midtown, Manhattan

AT&T Corporate Headquarters Building

550 Madison Avenue, New York, NY 10022

The AT&T Corporate Headquarters Building (550 Madison Avenue) is a 37-floor office building in Midtown, Manhattan, built in 1984, with about 636,000 square feet of office space according to city records.

Formerly the Sony Tower. Also at 13-29 East 55th Street, 14-28 East 56th Street and 550-570 Madison Avenue.

Office space
636K SF
Floors
37
Year built
1984
Zoning
C5-3

Office space next to its nearest neighbors

  1. AT&T Corporate Headquarters BuildingThis building636K SF
  2. 540 Madison Avenue1 min walk264K SF
  3. 717 Fifth Avenue1 min walk261K SF
  4. 551 Madison Avenue1 min walk108K SF

The 59th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How the AT&T Corporate Headquarters Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the AT&T Corporate Headquarters Building ranks 2nd of 7 by office floor area. Built in 1984, it is the newest of them. Its estimated property tax, about $39.76 a square foot of floor area before abatements, is above the neighbors' median of $24.92.

The AT&T Corporate Headquarters Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
AT&T Corporate Headquarters Building, 550 Madison AvenueThis building636K SF371984$39.76May 2016, $1.4B
717 Fifth Avenue1 min walk261K SF261958$49.25n/a
540 Madison Avenue1 min walk264K SF371971$25.23Jun 2019, $310M
551 Madison Avenue1 min walk108K SF171922$23.25Jan 2017, $155M
555 Madison Avenue1 min walk311K SF331962$20.62n/a
711 Fifth Avenue1 min walk262K SF181927$64.72Aug 2019, $909M
590 Madison Avenue1 min walk942K SF431981$24.60Aug 2025, $1.1B (3 lots)
The 59th largest of the 351 office buildings we track in Midtown: 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

Building name
AT&T Corporate Headquarters Building
Other addresses
13-29 East 55th Street; 14-28 East 56th Street; 550-570 Madison Avenue
ZIP code
10022
Building type
Office building (city class O4)
Total floor area
685,125 SF
Commercial floor area
685,125 SF
Office
636,077 SF
Retail
17,863 SF
Height
37 floors
Average floor
About 18,500 SF (floor area divided by floors)
Year built
1984
Last major alteration
2019
Lot area
36,803 SF
Zoning district
C5-3
Built FAR
18.62
Max commercial FAR
15
Landmark status
Individual landmark
Tax lot (BBL)
1012910010

Nearest subway

  • 5 Av/53 St3 min walk · Not accessible
  • 5 Av/59 St5 min walk · Not accessible
  • 57 St5 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; building name from the NYC Landmarks Preservation Commission (below); former name checked against Wikipedia, 550 Madison Avenue; 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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists OAC 550 OWNER LLC as the owner of record. For tax year 2026/27 the city values the AT&T Corporate Headquarters Building at $561.1 million and assesses it at $252.5 million. After phase-ins and exemptions its taxable value is $251.1 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 $27.2 million a year before abatements, roughly $39.76 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
OAC 550 OWNER LLC
Tax class
Class 4 (commercial and industrial)
City market value
$561,091,000
Land market value
$63,300,000
Assessed value
$252,490,950
Taxable value (phased in)
$251,108,280
Estimated yearly tax
About $27.2 million
Tax per SF of floor area
About $39.76

City market value by tax year

  • 2022/23$366.8 million
  • 2023/24$488 million
  • 2024/25$555.4 million
  • 2025/26$563.4 million
  • 2026/27$561.1 million

Market value rose 53% from 2022/23 ($366.8 million) to 2026/27.

How Midtown 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

The AT&T Corporate Headquarters Building last sold in May 2016 for $1.4 billion, according to the deed recorded with the city. 550 MADISON FIFTH LLC and CLIPPER 550 MADISON OWNER LLC sold it to OAC 550 OWNER LLC.

Last sale (deed date)
May 26, 2016
Price
$1,400,000,000
Seller
550 MADISON FIFTH LLC and CLIPPER 550 MADISON OWNER LLC
Buyer
OAC 550 OWNER LLC
Deed recorded
June 8, 2016
ACRIS document
2016053000110003

Recorded sales

All 82 building sales in Midtown 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.

SEC filings (EDGAR)

Companies with offices here

One public company and 5 investment managers and funds give 550 Madison Avenue as their office address in SEC filings.

Public company

Principal executive office on their latest 10-K or 10-Q

  • MSD INVESTMENT CORP.10-Q, Aug 2026

Investment managers and funds

Office address on their latest 13F holdings report

  • Anomaly Capital Management, LP13F, Aug 2026
  • Clayton, Dubilier & Rice, LLC13F, Jul 2026
  • Junto Capital Management LP13F, Aug 2026
  • MSD CAPITAL, L.P.13F, Aug 2026
  • MSD Partners, L.P.13F, 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

The AT&T Corporate Headquarters Building reported an ENERGY STAR score of 92 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 63.1 kBtu per square foot, less than half the national median of 142.6 for a similar property. Its greenhouse gas emissions were about 4,330 metric tons of CO2e (6.32 kg per square foot).

ENERGY STAR score (2024)
92 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
63.1 kBtu/SF
National median for the type
142.6 kBtu/SF
Greenhouse gas emissions
4,330 t CO2e
Emissions per SF
6.32 kg CO2e
Floor area in the filing
685,125 SF

ENERGY STAR score by year

  • 202298 (A)
  • 202397 (A)
  • 202492 (A)

Energy sources in 2024

  • Electricity70%
  • District steam28%
  • Natural gas2%

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, the AT&T Corporate Headquarters Building comes to about 3,151 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 5,193 tons for 2024 to 2029 (61% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,844 tons and the same energy use counts as about 1,857 tons, about 13 tons over, or an estimated $3,500 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
5,193 t CO2e
Estimated emissions
3,151 t CO2e
Under the limit by
2,042 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
1,844 t CO2e
Estimated emissions
1,857 t CO2e
Over the limit by
13 t CO2e
Estimated penalty a year
$3,500

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 685,125 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

In the 12 months to October 2026, the Department of Buildings issued first permits for 24 jobs at the AT&T Corporate Headquarters Building. In the last two years, interior work was permitted on 11 floors (floors 1, 2, 17, 18, 27, 28 and 33 to 37, the cellar, the mezzanine and the sub-cellar). The newest build-out, on floor 27, was first permitted in June 2026 (mechanical, sprinklers; filed cost estimate $318,000). A sidewalk shed permit here is active until November 12, 2026.

New jobs, last 12 months
24
Initial permits, last 12 months
31
Newest job first permitted
July 2026
Interior build-outs, last 24 months
11
Floors with interior work, last 24 months
1, 2, 17, 18, 27, 28 and 33 to 37, cellar, mezzanine, sub-cellar
Facade and sidewalk jobs, last 24 months
7
Sidewalk shed permit
Active until Nov 12, 2026

Recent build-outs

  • Floor 27June 2026Mechanical, Sprinklers; 2 jobs; est. $318,000
  • Floor 18June 2026Construction, Mechanical; est. $36,000
  • Floor 17April 2026Construction, Mechanical, Plumbing, Sprinklers; 3 jobs; est. $1.6 million
  • Floors 33 and 34January 2026Plumbing; est. $111,000
  • Floor 37January 2026Mechanical; est. $623,000; signed off
  • Floor 28December 2025Construction, Mechanical; 2 jobs; est. $198,000; signed off

The newest 6 of 11 in the last 24 months.

New jobs by year

  • 20212
  • 20229
  • 202321
  • 202422
  • 202521
  • 2026 to date20

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.

Landmarks Preservation Commission records

Architecture and history

The AT&T Corporate Headquarters Building was designed by Johnson/Burgee and built in 1978-1984 in the Postmodern style. The Landmarks Preservation Commission designated it a New York City landmark on July 31, 2018.

Architect
Johnson/Burgee
Constructed
1978-1984
Style
Postmodern
Primary material
Granite
Built as
Office building
Formerly known as
Sony Tower
City landmark
AT&T Corporate Headquarters Building (later Sony Plaza, now 550 Madison Avenue): individual landmark, designated July 31, 2018 (LP-02600)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.

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Questions about AT&T Corporate Headquarters Building

What is the address of the former Sony Tower?

The former Sony Tower is the AT&T Corporate Headquarters Building, at 550 Madison Avenue, New York, NY 10022, in Midtown.

How big is the AT&T Corporate Headquarters Building?

The AT&T Corporate Headquarters Building has about 685,000 square feet of floor area in total, including 636,000 square feet of office and 18,000 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 the AT&T Corporate Headquarters Building built?

The Landmarks Preservation Commission's building records date the AT&T Corporate Headquarters Building to 1978-1984, designed by Johnson/Burgee. The building is 37 floors tall.

Who designed the AT&T Corporate Headquarters Building?

Johnson/Burgee, according to the Landmarks Preservation Commission's building records, which list the style as Postmodern and its original use as an office building.

Is the AT&T Corporate Headquarters Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the AT&T Corporate Headquarters Building an individual landmark on July 31, 2018 (LP-02600). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the AT&T Corporate Headquarters Building?

The AT&T Corporate Headquarters Building is at 550 Madison Avenue in Midtown, Manhattan. City records list 13-29 East 55th Street, 14-28 East 56th Street and 550-570 Madison Avenue on the same tax lot (BBL 1012910010). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 550 Madison Avenue?

550 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 AT&T Corporate Headquarters Building is at 550 Madison Avenue, New York, NY 10022, in Midtown.

What is the zoning at the AT&T Corporate Headquarters Building?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 18.62 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the AT&T Corporate Headquarters Building?

The closest subway station to the AT&T Corporate Headquarters Building is 5 Av/53 St (the E and F trains), about 650 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 5 Av/59 St (the N, R and W trains), 5 min walk; 57 St (the M train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the AT&T Corporate Headquarters Building?

The NYC Department of Finance's 2026/27 assessment roll lists OAC 550 OWNER LLC as the owner of record of the AT&T Corporate Headquarters Building (BBL 1012910010). 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 the AT&T Corporate Headquarters Building?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the AT&T Corporate Headquarters Building. One public company reports the address as its principal executive office: MSD INVESTMENT CORP.. 5 investment managers and funds file 13F holdings reports from the address, including Anomaly Capital Management, LP; Clayton, Dubilier & Rice, LLC; and Junto Capital Management 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 the AT&T Corporate Headquarters Building last sold?

The AT&T Corporate Headquarters Building last sold in May 2016 for $1.4 billion, according to the deed recorded with the city. 550 MADISON FIFTH LLC and CLIPPER 550 MADISON OWNER LLC sold it to OAC 550 OWNER LLC. The deed is ACRIS document 2016053000110003 (BBL 1012910010) 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 the AT&T Corporate Headquarters Building?

The AT&T Corporate Headquarters Building reported an ENERGY STAR score of 92 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 92 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 63.1 kBtu per square foot, less than half the national median of 142.6 for a similar property. Its greenhouse gas emissions were about 4,330 metric tons of CO2e (6.32 kg per square foot).

Does the AT&T Corporate Headquarters Building meet Local Law 97?

At its 2024 energy use, the AT&T Corporate Headquarters Building comes to about 3,151 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 5,193 tons for 2024 to 2029 (61% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,844 tons and the same energy use counts as about 1,857 tons, about 13 tons over, or an estimated $3,500 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.

Is there construction at the AT&T Corporate Headquarters Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 24 jobs at the AT&T Corporate Headquarters Building. In the last two years, interior work was permitted on 11 floors (floors 1, 2, 17, 18, 27, 28 and 33 to 37, the cellar, the mezzanine and the sub-cellar). The newest build-out, on floor 27, was first permitted in June 2026 (mechanical, sprinklers; filed cost estimate $318,000). A sidewalk shed permit here is active until November 12, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012910010. 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 the AT&T Corporate Headquarters Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $251.1 million for the AT&T Corporate Headquarters Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $27.2 million a year, roughly $39.76 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012910010 show the actual bill.

What is the assessed value of the AT&T Corporate Headquarters Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the AT&T Corporate Headquarters Building at $561.1 million ($63.3 million of it land) and its assessed value at $252.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 53% from 2022/23 ($366.8 million) to 2026/27.

Is there office space for lease at the AT&T Corporate Headquarters Building?

No space at 550 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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