Office building with commercial space · Midtown, Manhattan

592 Madison Avenue

New York, NY 10022

592 Madison Avenue is a 15-floor office building with commercial space in Midtown, Manhattan, built in 1921, with about 65,000 square feet of office space according to city records.

Also at 23-25 East 57th Street and 594-598 Madison Avenue.

Office space
65K SF
Floors
15
Year built
1921
Zoning
C5-3

The 279th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors

No space at 592 Madison Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.

Get an alert

Email me when space at 592 Madison Avenue is listed

No account needed. One email to confirm, then only when a matching space is posted. Stop any time in one click. Privacy

Compared with its neighbors

How 592 Madison Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 592 Madison Avenue is the smallest by office floor area. Built in 1921, it is the oldest of them. Its estimated property tax, about $45.33 a square foot of floor area before abatements, is above the neighbors' median of $23.89.

592 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
592 Madison AvenueThis building65K SF151921$45.33n/a
19 East 57th Street1 min walk95K SF241998$23.70n/a
600 Madison Avenue1 min walk304K SF251965$24.08Aug 2013, $210M
Fuller Building, 597 Madison Avenue1 min walk240K SF421929$25.05n/a
590 Madison Avenue1 min walk942K SF431981$24.60Aug 2025, $1.1B (3 lots)
32 East 57th Street1 min walk70K SF221930$22.93n/a
575 Madison Avenue1 min walk365K SF251950$21.04n/a
The 279th largest of the 315 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
23-25 East 57th Street; 594-598 Madison Avenue
ZIP code
10022
Building type
Office building with commercial space (city class O6)
Total floor area
79,446 SF
Commercial floor area
79,446 SF
Office
64,686 SF
Retail
14,760 SF
Height
15 floors
Average floor
About 5,300 SF (floor area divided by floors)
Year built
1921
Last major alteration
2025
Lot area
4,920 SF
Zoning district
C5-3
Built FAR
16.15
Max commercial FAR
15
Tax lot (BBL)
1012930016

Nearest subway

  • 5 Av/59 St3 min walk · Not accessible
  • 5 Av/53 St4 min walk · Not accessible
  • 59 St5 min walk · Not accessible · connects to Lexington Av/59 St

Nearby large buildings

All 86 large office buildings on Madison Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. 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 one storefront at 592 Madison Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.

Storefronts registered for December 31, 2024
1
Vacant that day
0
Share vacant across Midtown
14.0%
Share vacant along Madison Avenue
11.2%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 20190 of 1
  • 20200 of 1
  • 20210 of 1
  • 20220 of 1
  • 20230 of 1
  • 20240 of 1

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

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-02. 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, as the owners filed them. The 2024 filing was due June 3, 2025, 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

The Department of Finance lists 598 MADISON LLC as the owner of record. For tax year 2026/27 the city values 592 Madison Avenue at $74.8 million and assesses it at $33.7 million. After phase-ins and exemptions its taxable value is $33.2 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 $3.6 million a year before abatements, roughly $45.33 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
598 MADISON LLC
Tax class
Class 4 (commercial and industrial)
City market value
$74,849,000
Land market value
$19,000,000
Assessed value
$33,682,050
Taxable value (phased in)
$33,196,776
Estimated yearly tax
About $3.6 million
Tax per SF of floor area
About $45.33

City market value by tax year

  • 2022/23$67.5 million
  • 2023/24$71.6 million
  • 2024/25$73 million
  • 2025/26$74.1 million
  • 2026/27$74.8 million

Market value rose 11% from 2022/23 ($67.5 million) to 2026/27.

How Midtown compares: property tax per SF across NYC neighborhoods

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 2026-10-02; 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.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

592 Madison Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 90.7 kBtu per square foot, 77% above the national median of 51.3 for a similar property. Its greenhouse gas emissions were about 688 metric tons of CO2e (8.97 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
90.7 kBtu/SF
National median for the type
51.3 kBtu/SF
Greenhouse gas emissions
688 t CO2e
Emissions per SF
8.97 kg CO2e
Floor area in the filing
76,656 SF

ENERGY STAR score by year

  • 202264 (C)
  • 202369 (C)

Energy sources in 2024

  • Electricity67%
  • District steam33%

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 2026-10-02; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to September 2026, the Department of Buildings issued first permits for 3 jobs at 592 Madison Avenue. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the cellar and the mezzanine). The newest build-out, on floors 1 and 2, was first permitted in September 2026 (structural; filed cost estimate $5,000).

New jobs, last 12 months
3
Initial permits, last 12 months
4
Newest job first permitted
September 2026
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
1 and 2, cellar, mezzanine
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floors 1 and 2September 2026Structural; est. $5,000
  • Floors 1 and 2, cellar, mezzanineMarch 2025Construction; est. $2.7 million

New jobs by year

  • 20210
  • 20224
  • 202313
  • 20249
  • 20255
  • 2026 to date2

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). 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.

Office space nearby in Midtown

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

What a requirement here looks like

No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 592 Madison Avenue and we match it against every new one automatically.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 592 Madison Avenue

How big is 592 Madison Avenue?

592 Madison Avenue has about 79,000 square feet of floor area in total, including 65,000 square feet of office and 15,000 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 592 Madison Avenue built?

City records list 1921 as the year built, with a major alteration recorded in 2025. The building is 15 floors tall.

What other addresses does 592 Madison Avenue have?

City records list 23-25 East 57th Street and 594-598 Madison Avenue on the same tax lot (BBL 1012930016) as 592 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 592 Madison Avenue?

592 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 592 Madison Avenue, New York, NY 10022, in Midtown.

What is the zoning at 592 Madison Avenue?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 16.15 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 592 Madison Avenue?

The closest subway station to 592 Madison Avenue is 5 Av/59 St (the N, R and W trains), about 850 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 5 Av/53 St (the E and F 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.

Who owns 592 Madison Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 598 MADISON LLC as the owner of record of 592 Madison Avenue (BBL 1012930016). 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.

Does 592 Madison Avenue have an energy grade?

592 Madison Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 90.7 kBtu per square foot, 77% above the national median of 51.3 for a similar property. Its greenhouse gas emissions were about 688 metric tons of CO2e (8.97 kg per square foot).

Is there construction at 592 Madison Avenue?

In the 12 months to September 2026, the Department of Buildings issued first permits for 3 jobs at 592 Madison Avenue. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the cellar and the mezzanine). The newest build-out, on floors 1 and 2, was first permitted in September 2026 (structural; filed cost estimate $5,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012930016. 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 592 Madison Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $33.2 million for 592 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 $3.6 million a year, roughly $45.33 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012930016 show the actual bill.

What is the assessed value of 592 Madison Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 592 Madison Avenue at $74.8 million ($19 million of it land) and its assessed value at $33.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($67.5 million) to 2026/27.

Are there vacant storefronts at 592 Madison Avenue?

Owners registered one storefront at 592 Madison Avenue for December 31, 2024, the newest annual filing the city has published, and it was not 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.

Is there office space for lease at 592 Madison Avenue?

No space at 592 Madison Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

1,677 buildings from city records

Look up another building

Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.