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The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016 Property Information

The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016 4
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Address

Building name The Syndicate Trading Company Building
Primary address The Syndicate Trading Company Building - 240 Madison Avenue
Secondary address 18 E 38th St
Neighborhood Murray Hill
Zip code 10016
Borough Manhattan
Block & lot 00867-0018

Sales & Tax Overview for 240 Madison Avenue, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $444,157

Lot & Building Information for 240 Madison Avenue, New York

Lot sqft 6,178
Lot dimensions 37 ft x 120 ft
Building class Office with Commercial 7-19 Stories (O6)
Building sqft 74,257
Building dimensions 37 ft x 119 ft
Buildings on lot 2
Stories 14
Year built 1925
Construction type
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Zoning & Use for 240 Madison Avenue, New York

Zoning
Commercial units 16
Office sqft
Retail sqft
Conversion feasibility index

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.71 Miles
Closest fire station 0.31 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 240 Madison Avenue, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 18 E 38th St, New York, NY 10016

About 240 Madison Avenue, New York

How many square feet does The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016 have?

This Office with Commercial 7-19 Stories (O6) located at The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016 has a total of 74,257 square feet.

What is the year built & the current market value of The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016?

The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016 was built in 1925 and has a current tax assessor's market value of $9,505,000.

How many commercial spaces does this building have?

This building has 16 commercial spaces available for lease.

Ownership Information for 240 Madison Avenue, New York

View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.

Property owner name for The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016
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Building contacts for The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 240 Madison Avenue, New York

Create a free account to view the complete sales history for 240 Madison Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 240 Madison Avenue, New York

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
05/16/2022 - D
06/01/2022 - R
Agreement
(2022052000440001)
08/16/2019 - D
08/26/2019 - R
Agreement
(2019082200784001)
06/27/2019 - R UCC3 Termination
(2019062701027001)
07/12/2018 - D
07/19/2018 - R
Termination of Assign of L&R
(2018071800828004)
07/12/2018 - D
07/19/2018 - R
Agreement
(2018071800828003)
07/12/2018 - D
07/19/2018 - R
Mortgage
(2018071800828002)
07/12/2018 - D
07/19/2018 - R
Assignment, Mortgage
(2018071800828001)
06/22/2018 - R Initial UCC1
(2018062200439001)
06/20/2018 - D
06/27/2018 - R
Assignment of Leases and Rents
(2018062200023003)
06/20/2018 - D
06/27/2018 - R
Mortgage
(2018062200023002)
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R: Recorded date
D: Document date

Property Taxes for 240 Madison Avenue, New York

Access detailed property tax data for The Syndicate Trading Company Building - The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $419,544
Estimated property tax: $444,157
Tax assessor's market value: $9,505,000
Assessed value: $4,277,250

Assessment History for 240 Madison Avenue, New York

Here's the assessment & property tax history for 240 Madison Avenue, New York, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $9,505,000 $4,277,250 $3,867,480 10.848% $419,544 $419,544 -3.74%
2024/25 $9,369,000 $4,216,050 $4,049,730 10.762% $435,832 $435,832 +29.94%
2023/24 $7,037,000 $3,166,650 $3,166,650 10.592% $335,412 $335,412 -22.28%
2022/23 $9,008,000 $4,053,600 $4,053,600 10.646% $431,546 $431,546 +10.73%
2021/22 $8,053,000 $3,623,850 $3,623,850 10.755% $389,745 $389,745 -20.59%

Permits for 240 Madison Avenue, New York

The complete history of permits filed for 240 Madison Avenue, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
02/19/2026 Alteration
02/19/2026 Alteration
06/12/2025 Alteration
12/16/2024 Alteration
12/11/2024 Alteration
11/27/2024 Alteration
11/15/2024 Alteration
11/14/2024 Alteration
10/01/2024 Alteration
07/12/2024 Alteration
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Manhattan Commercial Market Stats

Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$680
4.4% YoY
Median Price/Sqft Q4/2025
$550
-15.8% YoY
Median Price/Sqft 2025
$607
-2.5% YoY

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Madison Ave & 42nd St at SW Corner
Station lines GS-4-5-6-7
Distance (miles) 0.217
View subway map
Bus Routes
Name Madison Av/E 37 St
Line X27
Distance (miles) 0.02

Neighbors for 240 Madison Avenue, New York

Here are the neighbors for The Syndicate Trading Company Building - The Syndicate Trading Company Building - 240 Madison Avenue, New York, NY 10016.

Address Square feet Purchase date Purchase price
58 Park Ave, New York 27,400 01/21/1997
232 Madison Ave, New York 115,945 04/11/1997
21 E 37th St, New York 7,202 12/21/2016 $13,500,000
50 Park Ave, New York 127,089 03/10/2014 $590,000
13 E 37th St, New York 17,819 11/13/2018
401 5th Ave, New York 156,751 05/30/2006 $25,000,000
19 E 37th St, New York 9,625 10/16/2003 $3,950,000
27 E 37th St, New York 6,075 05/09/2024 $6,100,000
23 E 37th St, New York 6,576 04/03/1978
29 E 37th St, New York 7,179 10/12/1994
411 5th Ave, New York 116,598 01/01/2024
12 E 37th St, New York 16,509 11/14/2013
233 Madison Ave, New York 20,885 02/06/2025
220 Madison Ave, New York 211,910 08/26/2004 $417,500
229 Madison Ave, New York 76,900 05/25/1988
237 Madison Ave, New York 71,043 11/01/2018
25 E 37th St, New York 6,686 08/29/2002
238 Madison Ave, New York 11,243 05/13/2013 $12,000,000
9 E 37th St, New York 62,000 11/01/2017 $28,050,000
6 E 37th St, New York 03/08/2004 $9,000,000
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