575 Madison Avenue

575 Madison Avenue has about 400,000 square feet of floor area in total, including 365,000 square feet of office and 14,000 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 1950 as the year built. The building is 25 floors tall.

City records list 53-57 East 56th Street, 28-30 East 57th Street and 571-591 Madison Avenue on the same tax lot (BBL 1012920052) as 575 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

575 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 575 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 19.91 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 575 Madison Avenue is 5 Av/53 St (the E and F trains), about 1000 feet away in a straight line, roughly 4 minutes on foot. Also nearby: 5 Av/59 St (the N, R and W trains), 4 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.

The NYC Department of Finance's 2026/27 assessment roll lists NORSEL REALTIES LLC as the owner of record of 575 Madison Avenue (BBL 1012920052). 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 575 Madison Avenue. One public company reports the address as its principal executive office: LB PHARMACEUTICALS INC (LBRX). One investment manager files 13F holdings reports from the address: GARNET EQUITY CAPITAL HOLDINGS, 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.

575 Madison Avenue reported an ENERGY STAR score of 81 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 81 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 57.2 kBtu per square foot, 38% below the national median of 91.9 for a similar property. Its greenhouse gas emissions were about 2,228 metric tons of CO2e (5.28 kg per square foot).

In the 12 months to October 2026, the Department of Buildings issued first permits for 14 jobs at 575 Madison Avenue. In the last two years, interior work was permitted on 9 floors (floors 1, 2, 9, 10, 12, 15, 17, 19 and 26 and the cellar). The newest build-out, on floor 9, was first permitted in July 2026 (construction; filed cost estimate $2.2 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1012920052. 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 $77.5 million for 575 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 $8.41 million a year, roughly $21.04 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012920052 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 575 Madison Avenue at $172.2 million ($47.3 million of it land) and its assessed value at $77.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 12% from 2022/23 ($195.6 million) to 2026/27.

Owners registered 7 storefronts at 575 Madison Avenue for December 31, 2025, the newest annual filing the city has published, and none stood 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.

No space at 575 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.