706 Madison Avenue

706 Madison Avenue has about 39,000 square feet of floor area in total, including 39,000 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 706 Madison Avenue to 1921, designed by Frank Easton Newman. City tax records list 1922 as the year built. The building is 5 floors tall.

Frank Easton Newman, according to the Landmarks Preservation Commission's building records, which list the style as neo-Federal and its original use as a bank.

City records list 22-24 East 63rd Street and 702-708 Madison Avenue on the same tax lot (BBL 1013770058) as 706 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

706 Madison Avenue is in ZIP code 10065, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 706 Madison Avenue, New York, NY 10065, in Midtown.

The lot is in the C5-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.23 and a maximum commercial FAR of 4 for this lot. It is inside the Upper East Side Historic District, so exterior changes go through the Landmarks Preservation Commission.

The closest subway station to 706 Madison Avenue is 5 Av/59 St (the N, R and W trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. Also nearby: Lexington Av/63 St (the M and Q 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.

The NYC Department of Finance's 2026/27 assessment roll lists 706 MADISON LLC as the owner of record of 706 Madison Avenue (BBL 1013770058). 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.

706 Madison Avenue last sold in November 2012 in a $141.5 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. THE BANK OF NEW YORK MELLON sold it to 706 MADISON LLC. The deed is ACRIS document 2012113001203001 (BBL 1013770058) 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.

706 Madison Avenue reported an ENERGY STAR score of 61 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 61 earns a C. 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 106.1 kBtu per square foot, 12% below the national median of 120.1 for a similar property. Its greenhouse gas emissions were about 404 metric tons of CO2e (10.29 kg per square foot).

At its 2024 energy use, 706 Madison Avenue comes to about 314 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 297 tons for 2024 to 2029: about 17 tons over, an estimated penalty of $4,500 a year. From 2030 the limit drops to 83 tons and the same energy use counts as about 190 tons, about 107 tons over, or an estimated $29,000 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.

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 706 Madison Avenue. In the last two years, interior work was permitted on 3 floors (floors 1, 3 and 5). The newest build-out, on floors 1, 3 and 5, was first permitted in September 2026 (construction, structural; filed cost estimate $150,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1013770058. 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 $27.2 million for 706 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 $2.96 million a year, roughly $75.36 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013770058 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 706 Madison Avenue at $64.3 million ($22.5 million of it land) and its assessed value at $29 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($56.5 million) to 2026/27.

Owners registered one storefront at 706 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.

No space at 706 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.