Commercial condominium · Midtown, Manhattan

555 Madison Avenue

New York, NY 10022

555 Madison Avenue is a 33-floor commercial condominium in Midtown, Manhattan, built in 1962, with about 311,000 square feet of office space according to city records.

Also at 49-55 East 55th Street, 50-56 East 56th Street and 555-563 Madison Avenue.

Office space
311K SF
Floors
33
Year built
1962
Zoning
C5-3

Office space next to its nearest neighbors

  1. 65 East 55th Street1 min walk519K SF
  2. 555 Madison AvenueThis building311K SF
  3. 551 Madison Avenue1 min walk108K SF
  4. 60 East 56th Street1 min walk53K SF

The 125th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How 555 Madison Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 555 Madison Avenue ranks 4th of 7 by office floor area. It went up in 1962; the median neighbor dates from 1955. Its estimated property tax, about $20.62 a square foot of floor area before abatements, is below the neighbors' median of $22.37.

555 Madison Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
555 Madison AvenueThis building311K SF331962$20.62n/a
551 Madison Avenue1 min walk108K SF171922$23.25Jan 2017, $155M
60 East 56th Street1 min walk53K SF121955$12.57n/a
65 East 55th Street1 min walk519K SF371986$25.80n/a
545 Madison Avenue1 min walk130K SF171956$21.49n/a
575 Madison Avenue1 min walk365K SF251950$21.04n/a
AT&T Corporate Headquarters Building, 550 Madison Avenue1 min walk636K SF371984$39.76May 2016, $1.4B
The 125th 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

Other addresses
49-55 East 55th Street; 50-56 East 56th Street; 555-563 Madison Avenue
ZIP code
10022
Building type
Commercial condominium (city class RC)
Total floor area
324,678 SF
Commercial floor area
324,678 SF
Office
311,467 SF
Retail
6,805 SF
Industrial and storage
6,406 SF
Height
33 floors
Average floor
About 9,800 SF (floor area divided by floors)
Year built
1962
Last major alteration
2022
Lot area
20,425 SF
Zoning district
C5-3
Built FAR
15.9
Max commercial FAR
15
Tax lot (BBL)
1012917502

Nearest subway

  • 5 Av/53 St3 min walk · Not accessible
  • 5 Av/59 St5 min walk · Not accessible
  • 59 St5 min walk · Not accessible · connects to Lexington Av/59 St

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; 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 5 storefronts at 555 Madison Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 5 did.

Storefronts registered for December 31, 2025
5
Vacant that day
1
Share vacant here
20.0%
Share vacant across Midtown
14.3%
Share vacant along Madison Avenue
10.4%
Share vacant citywide
9.2%
Condominium tax lots that filed
2

Vacant on December 31, by year

  • 2019None registered
  • 2020None registered
  • 2021None registered
  • 2022None registered
  • 20230 of 4
  • 20240 of 5
  • 20251 of 5

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 555 Madison Avenue? Listing it is free, and it is matched against every active requirement for retail space in Midtown the day it goes up.

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, summed over the condominium's unit lots that filed, 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

555 Madison Avenue is a condominium of 7 tax lots. RODNEY CORPORATION, one of 2 owners of record on the roll, owns the units that make up 79% of its market value. For tax year 2026/27 the city values 555 Madison Avenue at $213.5 million and assesses it at $96.1 million. After phase-ins and exemptions its taxable value is $61.7 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 $6.7 million a year before abatements, roughly $20.62 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.

Largest unit owner
RODNEY CORPORATION (79% of market value)
Tax class
Class 4 (commercial and industrial)
City market value
$213,501,997
Land market value
$25,499,998
Assessed value
$96,075,897
Taxable value (phased in)
$81,672,475
Exemptions
$19,946,067
Estimated yearly tax
About $6.7 million
Tax per SF of floor area
About $20.62
Condominium tax lots
7
Owners of record
2
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, summed over 7 condominium tax lots; 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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SEC filings (EDGAR)

Companies with offices here

2 investment managers and funds give 555 Madison Avenue as their office address in SEC filings.

Investment managers and funds

Office address on their latest 13F holdings report

  • Juniper Investment Company, LLC13F, Aug 2026
  • KAHN BROTHERS GROUP INC13F, 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

555 Madison Avenue reported an ENERGY STAR score of 91 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 72.4 kBtu per square foot, less than half the national median of 148.8 for a similar property. Its greenhouse gas emissions were about 2,609 metric tons of CO2e (7.06 kg per square foot).

ENERGY STAR score (2024)
91 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
72.4 kBtu/SF
National median for the type
148.8 kBtu/SF
Greenhouse gas emissions
2,609 t CO2e
Emissions per SF
7.06 kg CO2e
Floor area in the filing
369,787 SF
ENERGY STAR certified
2009, 2012, 2013, 2015, 2019

ENERGY STAR score by year

  • 202390 (A)
  • 202491 (A)

Energy sources in 2024

  • Electricity64%
  • District steam36%

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, 555 Madison Avenue comes to about 1,882 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 3,040 tons for 2024 to 2029 (62% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,012 tons and the same energy use counts as about 1,145 tons, about 134 tons over, or an estimated $36,000 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
3,040 t CO2e
Estimated emissions
1,882 t CO2e
Under the limit by
1,158 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
1,012 t CO2e
Estimated emissions
1,145 t CO2e
Over the limit by
134 t CO2e
Estimated penalty a year
$36,000

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 294,787 SF; Medical Office 75,000 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.

Own or manage 555 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

In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 555 Madison Avenue. In the last two years, interior work was permitted on 9 floors (floors 1, 2, 14, 19, 21, 26 and 29 to 31). The newest build-out, on floor 31, was first permitted in September 2026 (construction; filed cost estimate $56,000).

New jobs, last 12 months
4
Initial permits, last 12 months
13
Newest job first permitted
September 2026
Interior build-outs, last 24 months
9
Floors with interior work, last 24 months
1, 2, 14, 19, 21, 26 and 29 to 31
Facade and sidewalk jobs, last 24 months
2

Recent build-outs

  • Floor 31September 2026Construction; est. $56,000
  • Floor 30July 2026Construction, Mechanical, Plumbing, Sprinklers; est. $865,000
  • Floor 14March 2026Construction, Mechanical, Plumbing, Sprinklers; est. $95,000
  • Floors 1 and 2December 2025Construction, Mechanical, Plumbing, Sprinklers; est. $105,000; signed off
  • Floors 21 and 31September 2025Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $1.3 million; signed off
  • Floor 1September 2025Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $128,000; signed off

The newest 6 of 9 in the last 24 months.

New jobs by year

  • 202111
  • 20227
  • 202322
  • 202428
  • 202518
  • 2026 to date3

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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Questions about 555 Madison Avenue

How big is 555 Madison Avenue?

555 Madison Avenue has about 325,000 square feet of floor area in total, including 311,000 square feet of office, 7,000 square feet of retail and 6,000 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.

When was 555 Madison Avenue built?

City records list 1962 as the year built, with a major alteration recorded in 2022. The building is 33 floors tall.

What other addresses does 555 Madison Avenue have?

City records list 49-55 East 55th Street, 50-56 East 56th Street and 555-563 Madison Avenue on the same tax lot (BBL 1012917502) as 555 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 555 Madison Avenue?

555 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 555 Madison Avenue, New York, NY 10022, in Midtown.

What is the zoning at 555 Madison Avenue?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 15.9 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 555 Madison Avenue?

The closest subway station to 555 Madison Avenue is 5 Av/53 St (the E and F trains), about 800 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; 59 St (the 4, 5, 6, N, R and W trains, connected to Lexington Av/59 St), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 555 Madison Avenue?

555 Madison Avenue is a condominium of 7 tax lots. RODNEY CORPORATION, one of 2 owners of record on the roll, owns the units that make up 79% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1012917502). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

Who are the tenants at 555 Madison Avenue?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 555 Madison Avenue. 2 investment managers and funds file 13F holdings reports from the address: Juniper Investment Company, LLC; and KAHN BROTHERS GROUP 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.

What is the energy grade of 555 Madison Avenue?

555 Madison Avenue reported an ENERGY STAR score of 91 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 91 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 72.4 kBtu per square foot, less than half the national median of 148.8 for a similar property. Its greenhouse gas emissions were about 2,609 metric tons of CO2e (7.06 kg per square foot).

Does 555 Madison Avenue meet Local Law 97?

At its 2024 energy use, 555 Madison Avenue comes to about 1,882 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 3,040 tons for 2024 to 2029 (62% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,012 tons and the same energy use counts as about 1,145 tons, about 134 tons over, or an estimated $36,000 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.

Is there construction at 555 Madison Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 555 Madison Avenue. In the last two years, interior work was permitted on 9 floors (floors 1, 2, 14, 19, 21, 26 and 29 to 31). The newest build-out, on floor 31, was first permitted in September 2026 (construction; filed cost estimate $56,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012917502. 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 555 Madison Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $61.7 million for 555 Madison Avenue (the sum of its 7 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $6.7 million a year, roughly $20.62 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012917502 show the actual bill.

What is the assessed value of 555 Madison Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 555 Madison Avenue at $213.5 million ($25.5 million of it land) and its assessed value at $96.1 million, the 45% of market value the city assesses for Class 4 property.

Are there vacant storefronts at 555 Madison Avenue?

Owners registered 5 storefronts at 555 Madison Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 5 did. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 555 Madison Avenue?

No space at 555 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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