Neptune Building

The Neptune Building has about 169,000 square feet of floor area in total, including 156,000 square feet of office and 13,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

The Landmarks Preservation Commission's building records date the Neptune Building to 1909-1910, designed by Maynicke & Franke. The building is 13 floors tall.

Maynicke & Franke, according to the Landmarks Preservation Commission's building records, which list the style as Beaux-Arts and its original use as an office building.

The Neptune Building is at 60 Madison Avenue in Midtown South, Manhattan. City records list 23-25 East 26th Street, 18-20 East 27th Street and 54-60 Madison Avenue on the same tax lot (BBL 1008560058). A space listed on Leasemark at any of these addresses shows up on this page.

60 Madison Avenue is in ZIP code 10010, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Neptune Building is at 60 Madison Avenue, New York, NY 10010, in Midtown South.

The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.43 and a maximum commercial FAR of 10 for this lot. It is inside the Madison Square North Historic District, so exterior changes go through the Landmarks Preservation Commission.

The closest subway station to the Neptune Building is 28 St (the 6 train), about 650 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as partly accessible. Also nearby: 28 St (the R and W trains), 4 min walk; 23 St (the R and W trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists MADISON SIXTY OWNER LLC as the owner of record of the Neptune Building (BBL 1008560058). 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.

The Neptune Building reported an ENERGY STAR score of 82 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 82 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 46.3 kBtu per square foot, 39% below the national median of 76.5 for a similar property. Its greenhouse gas emissions were about 892 metric tons of CO2e (4.66 kg per square foot).

At its 2024 energy use, the Neptune Building comes to about 718 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,452 tons for 2024 to 2029 (49% of the limit), so it would owe no penalty. From 2030 the limit drops to 503 tons and the same energy use counts as about 475 tons, still under the limit. 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.

In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at the Neptune Building. In the last two years, interior work was permitted on 5 floors (floors 1, 5, 7, 10 and 12, the basement and the penthouse). The newest build-out, on floors 5 and 10, was first permitted in February 2026 (mechanical, plumbing, sprinklers; filed cost estimate $196,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008560058. 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 $30.8 million for the Neptune Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.34 million a year, roughly $19.75 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008560058 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Neptune Building at $70.8 million ($17.9 million of it land) and its assessed value at $31.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($65.4 million) to 2026/27.

No space at 60 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.