New York City  »  10016  »  Madison Ave  »  261 Madison Ave

261 Madison Avenue, New York, NY 10016 - Property report

Also known as: 21-23 E 38th St

Property image for 261 Madison Avenue, New York, NY 10016
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Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1954

Lot sq. ft.

23,414

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
261 Madison Avenue
Alternate address(es)
21-23 E 38th St
249-261 Madison Ave
ZIP code
10016
Neighborhood
Murray Hill
Borough
Manhattan
Block & lot
00868-0025

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
383,934
Building dimensions
99 ft x 197 ft
Buildings on lot
1
Stories
27
Year built
1954
Last altered
2013
Building material
Sales
Sale date
11/01/2017
Sale price
$28,050,000 - M
Tax
Tax year
2026-2027
Property tax
$5,303,995
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
197.5 ft x 122 ft
Lot sq. ft.
23,414

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
80 /100.  Very Bikeable
School district
2
Community district
6
Closest police station
0.65 Miles
Closest fire station
0.30 Miles

View more such as transportation, nearby schools and risk designations.

Units for 261 Madison Avenue, New York, NY

Ownership

Ownership information for 261 Madison Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 261 Madison Avenue, New York, NY 10016

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/11/2025 - R Initial UCC1
(2025121100141003)		 XXX XXXXXXX XXXXXX XXX XXXX XXXX XXXXXX XX XXX
12/11/2025 - R
12/05/2025 - D		 Mortgage
(2025121100141002)		 XXX XXXXXXX XXXXXX XXX XXXX XXXX XXXXXX XX XXX
12/11/2025 - R
12/05/2025 - D		 Deed
(2025121100141001)		 XXXXXX XXXXXXX XXXXXX XXX XXX XXXXXXX XXXXXX XXX
12/10/2025 - R
12/04/2025 - D		 Partial Release of Mortgage
(2025120800540006)		 XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXX XXXXXXX XXXXXX XXX
06/27/2025 - R
01/16/2025 - D		 NYC Real Property Transfer Tax
(2025040100491001)		 XXXXXXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXX XXXX XXX
12/13/2022 - R UCC3 Termination
(2022121300252001)		 XXXXXX XXXXXXX XXXXXX XXX XX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
12/15/2022 - R
12/08/2022 - D		 Agreement
(2022121300101003)		 XXXXXX XXXXXXX XXXXXX XXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
12/15/2022 - R
12/08/2022 - D		 Assignment, Mortgage
(2022121300101002)		 XX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
12/15/2022 - R
12/08/2022 - D		 Termination of Assign of L&R
(2022121300101001)		 XX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXXXXX XXXXXXX XXXXXX XXX
12/29/2021 - R UCC3 Continuation
(2021122300705001)		 XXXXXX XXXXXXX XXXXXX XXX XX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXX XXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 261 Madison Avenue, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$5,303,995
Municipal exemptions
Recent tax assessments
Market value
$112,188,000
Assessed value
$50,484,600

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $110,687,000 $49,809,150 $47,208,510 10.848% $5,121,179 $5,121,179 +1.58%
2024/25 $110,292,000 $49,631,400 $46,846,680 10.762% $5,041,640 $5,041,640 +0.08%
2023/24 $108,154,000 $48,669,300 $47,562,400 10.592% $5,037,809 $5,037,809 +3.15%
2022/23 $101,943,000 $45,874,350 $45,874,350 10.646% $4,883,783 $4,883,783 +7.97%
2021/22 $93,463,000 $42,058,350 $42,058,350 10.755% $4,523,376 $4,523,376 -21.68%
2020/21 $124,193,000 $55,886,850 $54,009,700 10.694% $5,775,797 $5,775,797 +5.98%
2019/20 $120,408,000 $54,183,600 $51,723,329 10.537% $5,450,087 $5,450,087 +4.46%
2018/19 $116,729,000 $52,528,050 $49,623,389 10.514% $5,217,403 $5,217,403 -0.00%
2017/18 $145,781,000 $65,601,450 $49,624,849 10.514% $5,217,557 $5,217,557 -6.03%
2016/17 $141,994,000 $63,897,300 $52,510,600 10.574% $5,552,471 $5,552,471 +17.69%
Permits

Permit information for 261 Madison Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
07/21/2026 Alteration
06/10/2025 Alteration
03/01/2024 Alteration
01/30/2024 Alteration
01/24/2024 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
09/03/2019 Ll2604s-sprinkler
04/05/2019 Evcat1-elevator annual inspection / test elevatorrequired
01/26/2018 Acc1-(other BLDGS types) - elevator affirmation of correction elevatorrequired

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Vanderbilt Ave & 42nd St at SE Corner
Station lines
GS-4-5-6-7
Distance (miles)
0.167
View subway map

Access the detailed traffic volume map for 261 Madison Avenue, New York, NY 10016 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 261 Madison Avenue, New York, NY

33 E 38th St, New York 24 E 39th St, New York 260 Madison Ave, New York 10 E 38th St, New York 70 Park Ave, New York 6 E 39th St, New York 417 5th Ave, New York 25 E 38th St, New York 52 Park Ave, New York 27 E 38th St, New York 9 E 38th St, New York 431 5th Ave, New York 244 Madison Ave, New York 28 E 39th St, New York 10 E 39th St, New York 31 E 38th St, New York 34 E 39th St, New York 32 E 39th St, New York 14 E 38th St, New York

Nearby ZIP codes for 261 Madison Avenue, New York, NY

10010, New York City, NY 10017, New York City, NY 10020, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10152, New York City, NY 10154, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for 261 Madison Avenue, New York, NY 10016?

The development at 261 Madison Avenue, New York, NY 10016 was built in 1954.

What is the market value of 261 Madison Avenue, New York, NY 10016?

The current market value of 261 Madison Avenue, New York, NY 10016 is $112,188,000.

What is the total square footage of 261 Madison Avenue, New York, NY 10016?

261 Madison Avenue, New York, NY 10016 has a total of 383,934 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 38.

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