Office building with commercial space · Upper East Side, Manhattan
974 Madison Avenue
New York, NY
974 Madison Avenue is a 6-floor office building with commercial space in the Upper East Side, Manhattan, built in 1950, with about 73,000 square feet of office space according to city records.
Also at 21-31 East 76th Street, 20-38 East 77th Street and 974-990 Madison Avenue.
- Office space
- 73K SF
- Floors
- 6
- Year built
- 1950
- Zoning
- C5-1
The 7th largest of the 12 office buildings we track in the Upper East Side. Compare it with 6 neighbors
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Compared with its neighbors
How 974 Madison Avenue compares
Next to the 6 nearest large office buildings, all within a 16 minute walk, 974 Madison Avenue ranks 4th of 7 by office floor area. It went up in 1950; the median neighbor dates from 1940. Its estimated property tax, about $44.90 a square foot of floor area before abatements, is above the neighbors' median of $19.26.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 974 Madison Avenue | 73K SF | 6 | 1950 | $44.90 | Jun 2024, $560M |
| 210 East 86th Street | 61K SF | 9 | 1966 | $19.38 | Jun 2026, $64.1M |
| 205 East 67th Street | 149K SF | 7 | 1950 | $11.09 | n/a |
| 1550 Third Avenue | 57K SF | 6 | 1915 | $21.22 | Jul 2005, $45M |
| 413 East 69th Street | 243K SF | 18 | 2011 | Exempt | n/a |
| 115 East 61st Street | 58K SF | 14 | 1930 | $15.31 | n/a |
| 1334 York Avenue | 223K SF | 10 | 1921 | $19.26 | n/a |
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
- 21-31 East 76th Street; 20-38 East 77th Street; 974-990 Madison Avenue
- ZIP code
- 10021 (PLUTO); 10075 (Finance roll)
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 118,635 SF
- Commercial floor area
- 118,635 SF
- Office
- 73,051 SF
- Retail
- 22,949 SF
- Height
- 6 floors
- Average floor
- About 19,800 SF (floor area divided by floors)
- Year built
- 1950
- Last major alteration
- 1987
- Lot area
- 20,390 SF
- Zoning district
- C5-1
- Built FAR
- 5.82
- Max commercial FAR
- 4
- Historic district
- Upper East Side Historic District
- Tax lot (BBL)
- 1013910014
Nearest subway
- 77 St
- 68 St-Hunter College
- 72 St
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 980 MADISON AVENUE HOLDINGS LLC as the owner of record. For tax year 2026/27 the city values 974 Madison Avenue at $117.1 million and assesses it at $52.7 million. After phase-ins and exemptions its taxable value is $49.1 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 $5.33 million a year before abatements, roughly $44.90 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
- 980 MADISON AVENUE HOLDINGS LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $117,148,000
- Land market value
- $47,300,000
- Assessed value
- $52,716,600
- Taxable value (phased in)
- $49,101,480
- Estimated yearly tax
- About $5.33 million
- Tax per SF of floor area
- About $44.90
City market value by tax year
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 property records (ACRIS)
Sales history
974 Madison Avenue last sold in June 2024 for $560 million, according to the deed recorded with the city. 980 MADISON OWNER LLC sold it to 980 MADISON AVENUE HOLDINGS LLC. That comes to about $4,720 per square foot of floor area.
- Last sale (deed date)
- June 5, 2024
- Price
- $560,000,000
- Price per SF of floor area
- About $4,720
- Seller
- 980 MADISON OWNER LLC
- Buyer
- 980 MADISON AVENUE HOLDINGS LLC
- Deed recorded
- June 6, 2024
- ACRIS document
- 2024060600224001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
974 Madison Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 98.9 kBtu per square foot, 44% above the national median of 68.9 for a similar property. Its greenhouse gas emissions were about 1,264 metric tons of CO2e (10.4 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Enclosed Mall
- Site energy use intensity
- 98.9 kBtu/SF
- National median for the type
- 68.9 kBtu/SF
- Greenhouse gas emissions
- 1,264 t CO2e
- Emissions per SF
- 10.4 kg CO2e
- Floor area in the filing
- 121,490 SF
Energy sources in 2024
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 2 jobs at 974 Madison Avenue. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1 and the cellar, was first permitted in November 2025 (construction; filed cost estimate $625,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 5
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1, cellar
Recent build-outs
New jobs by year
Build-outs across the Upper East SideWhere NYC offices are being built out
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.
Landmarks Preservation Commission records
Architecture and history
974 Madison Avenue was designed by Walker & Poor and built in 1948-1950 in the Modern style. It stands in the Upper East Side Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.
- Architect
- Walker & Poor
- Constructed
- 1948-1950
- Style
- Modern
- Primary material
- Limestone
- Built as
- Commercial building
Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.
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Questions about 974 Madison Avenue
How big is 974 Madison Avenue?
974 Madison Avenue has about 119,000 square feet of floor area in total, including 73,000 square feet of office and 23,000 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 974 Madison Avenue built?
The Landmarks Preservation Commission's building records date 974 Madison Avenue to 1948-1950, designed by Walker & Poor. The building is 6 floors tall.
Who designed 974 Madison Avenue?
Walker & Poor, according to the Landmarks Preservation Commission's building records, which list the style as Modern and its original use as a commercial building.
What other addresses does 974 Madison Avenue have?
City records list 21-31 East 76th Street, 20-38 East 77th Street and 974-990 Madison Avenue on the same tax lot (BBL 1013910014) as 974 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 974 Madison Avenue?
City records give two ZIP codes for this tax lot: 10021 in NYC PLUTO 26v2 and 10075 on the Department of Finance's assessment roll. Some large New York buildings have a ZIP code of their own beside the area's, so check with the building's management which one it uses before you rely on either.
What is the zoning at 974 Madison Avenue?
The lot is in the C5-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.82 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.
What subway station is closest to 974 Madison Avenue?
The closest subway station to 974 Madison Avenue is 77 St (the 6 train), about 0.2 miles away in a straight line, roughly 4 minutes on foot. Also nearby: 68 St-Hunter College (the 6 train), 9 min walk; 72 St (the Q train), 10 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 974 Madison Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 980 MADISON AVENUE HOLDINGS LLC as the owner of record of 974 Madison Avenue (BBL 1013910014). 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.
When was 974 Madison Avenue last sold?
974 Madison Avenue last sold in June 2024 for $560 million, according to the deed recorded with the city. 980 MADISON OWNER LLC sold it to 980 MADISON AVENUE HOLDINGS LLC. That comes to about $4,720 per square foot of floor area. The deed is ACRIS document 2024060600224001 (BBL 1013910014) 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.
Does 974 Madison Avenue have an energy grade?
974 Madison Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 98.9 kBtu per square foot, 44% above the national median of 68.9 for a similar property. Its greenhouse gas emissions were about 1,264 metric tons of CO2e (10.4 kg per square foot).
Is there construction at 974 Madison Avenue?
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 974 Madison Avenue. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1 and the cellar, was first permitted in November 2025 (construction; filed cost estimate $625,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1013910014. 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 974 Madison Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $49.1 million for 974 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 $5.33 million a year, roughly $44.90 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013910014 show the actual bill.
What is the assessed value of 974 Madison Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 974 Madison Avenue at $117.1 million ($47.3 million of it land) and its assessed value at $52.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($97.2 million) to 2026/27.
Is there office space for lease at 974 Madison Avenue?
No space at 974 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.
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