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550 Madison Avenue, New York, NY 10022

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550 Madison Avenue, New York, NY 10022

Property photo for 550 Madison Avenue, New York, NY 10022
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Property Overview

Primary address 550 Madison Ave
First 3 alternate addresses 550-570 Madison Ave
13-29 E 55 St
14-28 E 56 St
Zip code 10022
Borough Manhattan
Block & lot 01291-0010

Building name 550 Madison Avenue
Lot dimensions
Lot sq. ft. 36,803 ?
Buildings on lot 1
Building class Office Building - Tower Type (O4)
Year built 1983
Building Sq. Ft.
Zoning

Building Description

Postmodern design with a nod to history created 550 Madison Avenue in Central Midtown. Originally built to house the corporate headquarters of AT&T, and now the former home of Sony, the towering 35-story skyscraper offers modern amenities within its 827,000 square feet. It is zoned for office and retail space, with 8 available commercial units. A massive glass-covered atrium invites light into the building, and spotlights space for retail or restaurants on the ground floor.

Easily identifiable in the sea of midtown buildings by its English Chippendale-style roof, the building's massive arched entry is flanked by high windows that show off the ground-floor tenants. Sandwiched between East 55th and 56th Streets with easy access to Madison Ave. high-end retailers and major corporate headquarters, the Sony Building is a few blocks from the E and M subway lines at the 53rd Street station. A plethora of art galleries just a block north of this location ensures plenty of after-work entertainment and shopping opportunities.

Ownership Information

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Owner Name  
Owner Address  
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Other Critical Property Data

Neighborhood name Central Midtown
School district number 2
Commercial units 8
Max Floor Area Ratio
Closest police station 0.31 Miles -
Closest fire station 0.49 Miles -
Certificate of occupancy

Sales & Property History

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Purchase date 5/26/2016
Purchase price

Permits

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Pre filing date Job type Job description
7/5/2016
7/1/2016
7/1/2016
1/8/2016
11/10/2015
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Property Taxes

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Tax year 2015/2016
Tax Assessor's market value $443,898,000
Current tax bill $17,650,929

Assessment History

Year Use code Market value Assessed value Taxable Tax rate% Base tax Property tax
2015/16 O4 $440,969,000 $198,436,050 $151,792,290 10.656% $16,174,986 $16,174,986
2014/15 O4 $331,804,000 $149,311,800 $136,765,080 10.684% $14,611,981 $14,611,981
2013/14 O4 $326,729,000 $147,028,050 $133,992,720 10.323% $13,832,068 $13,832,068
2012/13 O4 $297,079,000 $133,685,550 $131,087,110 10.288% $13,486,241 $13,486,241
2011/12 O4 $290,000,000 $130,500,000 $125,860,000 10.152% $12,777,307 $12,777,307
2010/11 O4 $274,000,000 $123,300,000 $119,740,000 10.312% $12,347,588 $12,347,588
2009/10 O4 $301,000,000 $135,450,000 $113,080,000 10.426% $11,789,720 $11,789,720
2008/09 O4 $294,444,444 $132,500,000 $101,650,000 10.241% $10,409,976 $10,409,976
2007/08 O4 $239,000,000 $107,550,000 $93,070,000 10.059% $9,361,911 $9,361,911
2006/07 O4 $222,000,000 $99,900,000 $90,010,000 10.997% $9,898,399 $9,898,399
2005/06 O4 $200,000,000 $90,000,000 $87,180,000 11.306% $9,907,447 $9,856,570
2004/05 O4 $174,000,000 $78,300,000 $77,400,000 11.558% $9,049,914 $8,945,892
2003/04 O4 $208,000,000 $93,600,000 $89,420,000 11.431% $10,375,918 $10,221,600

Title Documents

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Document Date Type Amount Party1 name Party2 name Link To Doc
n/a
11/18/2016
11/18/2016
n/a
n/a
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For Sale

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251 West 19th Street, Manhattan, NY

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$3,195,000 2 Beds 2 Baths 1,777 Sqft
225 Fifth Ave, Manhattan, NY

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$3,350,000 2 Beds 2.5 Baths 1,595 Sqft


For Lease

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500 West 56th Street, Manhattan, NY

500 West 56th Street, Manhattan, NY

$5,495 2 Beds 2 Baths
540 West 49th St, Manhattan, NY

540 West 49th St, Manhattan, NY

$5,250 2 Beds 2 Baths 1,215 Sqft


Map

Neighbors

Address Property class Square feet Purchase date Purchase price
25-35 Sutton Pl S, New York, NY Elevator Apartments Cooperatives Building (Other than Condominiums)(XD4) 537,750 6/28/2004
36 E 56 St, New York, NY Elevator Apartments Cooperatives Building (Other than Condominiums)(XD4) 147,000 n/a
57-59 E 55 St, New York, NY Miscellaneous Indoor Public Assembly(P9) 14,541 n/a
65-75 E 55 St, New York, NY Office Building - Tower Type(O4) 528,562 7/31/2014
113 E 55 St, New York, NY Office Building - 10+ Stories (Side Street Type)(O2) 4,421 6/27/2016
115 E 55 St, New York, NY Office Building - 10+ Stories (Side Street Type)(O2) 5,408 6/27/2016
117 E 55 St, New York, NY Office Building with Residential Apartments(O8) 7,070 6/27/2016
119 E 55 St, New York, NY Office Building with Residential Apartments(O8) 4,930 6/27/2016
121-125 E 55 St, New York, NY Community Center(P5) 46,204 6/7/2016
127 E 55 St, New York, NY Hotel - Transient Occupancy-Midtown Manhattan Area(H3) 140,559 6/5/2002
136 E 56 St, New York, NY Elevator Apartments Cooperatives Building (Other than Condominiums)(XD4) 197,972 4/30/1982
141 E 55 St, New York, NY Special Condominium Billing Lot(R0) 63,582 n/a
155 E 55 St, New York, NY Bank Building - Designed Exclusively for Banking(O6) 137,136 3/29/2012
157 E 55 St, New York, NY Store with Apartments Above(K4) 3,840 12/8/2015
159 E 55 St, New York, NY Walk-up Apartment - Over Six Families with Stores(C7) 5,040 5/9/2002

Demographics By Zip Code


Profile of Zip Code
Total population 29,699
Female population 16632 (56.0%)
Male population 13067 (44.0%)
Households 23172 (occupied 75.7%)
Home owners 8403 (47.9%)
Renters 9149 (52.1%)
Average number of people per household 1.66

Age Distribution
7.32
7.08
34.05
24.06
27.48
Under 15 15 to 24 25 to 44 45 to 64 65 and older
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