590 Madison Avenue

The IBM Building is at 590 Madison Avenue, New York, NY 10022, in Midtown.

590 Madison Avenue has about 1,000,000 square feet of floor area in total, including 942,000 square feet of office, 42,000 square feet of retail and 2,000 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.

City records list 1981 as the year built, with a major alteration recorded in 2014. The building is 43 floors tall.

City records list 15-25 East 56th Street, 12-26 East 57th Street and 572-590 Madison Avenue on the same tax lot (BBL 1012920015) as 590 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

590 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 590 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 25.53 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 590 Madison Avenue is 5 Av/53 St (the E and F trains), about 900 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; 57 St (the M train), 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 RXR 590 MADISON OWNER LLC as the owner of record of 590 Madison Avenue (BBL 1012920015). 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 590 Madison Avenue. 4 public companies report the address as their principal executive office: 1847 HOLDINGS LLC (LBRA); BRIGHTSPIRE CAPITAL, INC. (BRSP); PENNANTPARK FLOATING RATE CAPITAL LTD. (PFLT); and PENNANTPARK INVESTMENT CORP (PNNT). 14 investment managers and funds file 13F holdings reports from the address, including Acorn Advisory Capital L.P.; AMERICAN SECURITIES LLC; and Crestview Partners II GP, L.P.. 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.

590 Madison Avenue last sold in August 2025 in a $1.08 billion sale that covered 3 tax lots, this one among them, according to the deed recorded with the city. 590 MADISON AVENUE, LLC sold it to RXR 590 MADISON OWNER LLC. The deed is ACRIS document 2025081800333001 (BBL 1012920015) 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.

590 Madison Avenue reported an ENERGY STAR score of 72 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 72 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 69.2 kBtu per square foot, 27% below the national median of 95 for a similar property. Its greenhouse gas emissions were about 7,149 metric tons of CO2e (6.79 kg per square foot).

In the 12 months to October 2026, the Department of Buildings issued first permits for 29 jobs at 590 Madison Avenue. In the last two years, interior work was permitted on 23 floors (floors 2 to 4, 8 to 15, 17 to 21, 26, 27, 30, 32 and 39 to 41, the cellar and the sub-cellar). The newest build-out, on floor 32, was first permitted in September 2026 (construction; filed cost estimate $840,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012920015. 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 $226.7 million for 590 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 $24.6 million a year, roughly $24.60 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012920015 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 590 Madison Avenue at $503.8 million ($85.9 million of it land) and its assessed value at $226.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2022/23 ($456.4 million) to 2026/27.

Owners registered 4 storefronts at 590 Madison Avenue for December 31, 2025, the newest annual filing the city has published, and 2 of them stood vacant that day. A year earlier, none of 2 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.

No space at 590 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.