New York City  »  10022  »  Madison Ave  »  488 Madison Ave

488 Madison Avenue, New York, NY 10022 - Property report

Also known as: 15-23 E 51st St

Property image for 488 Madison Avenue, New York, NY 10022
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Property type

Special Condominium Billing Lot (R0)

Year built

1950

Lot sq. ft.

21,590

General information

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Due to this address' parcel subdivisions, this property report may contain limited information. For the full range of property data, view the property report of each individual parcel.

Address
Primary address
488 Madison Avenue
Alternate address(es)
15-23 E 51st St
24 E 52nd St
484-492 Madison Ave
ZIP code
10022
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01287-7502

Owner

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Building
Property type
Special Condominium Billing Lot (R0)
Building sq. ft.
410,961
Buildings on lot
1
Stories
23
Year built
1950
Basement
4
Tax
Tax year
2026-2027
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Commercial units
9
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
East 51 Street (narrow)
East 52 Street (narrow)
Madison Avenue (wide)
Distance to wide street
Lot dimensions
200.83 ft x 140 ft
Lot sq. ft.
21,590

Area overview

Walk score
94 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
86 /100.  Very Bikeable
School district
2
Community district
5

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

Units for 488 Madison Avenue, New York, NY

Unit Sale date Sq. ft.
Unit 2 04/17/1981 24,018
Unit 3 04/17/1981 235,119
Unit LH1 10/02/2024 2,278
Unit LH2 10/02/2024 1,079
Unit LH3 10/02/2024 20,169
Unit LH4 10/02/2024 20,169
Unit LH5 10/02/2024 20,169
Unit LH6 10/02/2024 20,169
Unit LH7 10/02/2024 20,169

Ownership information for 488 Madison Avenue, New York, NY

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

Sales history for 488 Madison Avenue, New York, NY 10022

No recently recorded sales for this property.

More about New York City property records.

Title documents

No recently recorded documents for this property.

Property taxes for 488 Madison Avenue, New York, NY

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

This is a condominium building, so there are no property taxes. In a condominium the property taxes are paid by the individual unit owners. If you want to see the property taxes for a particular unit, look at the property report for that unit.

Permit information for 488 Madison Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
06/22/2026 Alteration
06/02/2026 Alteration
05/29/2026 Alteration
05/01/2026 Alteration
05/01/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

HPD Violations

No recently recorded violations for this property.

Midtown, Midtown South residential market stats

Access a detailed real estate market overview of Midtown, Midtown South so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Midtown, Midtown South and compare it to other neighborhoods in Manhattan.

Median sale price

Median price/sq. ft.

Manhattan median sale price

$1,260,000

5.4% Y-o-Y

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Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 59 Beekman Hill International 8 Yes Public PK, K-5 523 0.49
P.S. 59 Beekman Hill International 8 Yes Public PK, K-5 523 0.49
Gan Aliya NR No Private PK-K 42 0.32
Gan Aliya NR No Private PK-K 42 0.32
Saint Albans NR No Private PK, K-8 0 0.49
Saint Albans NR No Private PK, K-8 0 0.49
St Albans School NR No Private PK-8 118 0.49
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Saint Albans NR No Private PK, K-8 0 0.49
St Albans School NR No Private PK-8 118 0.49
The Browning School NR No Private K-12 418 0.53
Aaron School K - 12 NR No Private K-12 185 0.56
Lyceum Kennedy French American School NR No Private PK, K-12 0 0.56
P.S. 35 NR No Public K, 2-12 232 0.67
Professional Performing Arts High School 8 No Public 6-12 532 0.72
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
The Beekman School NR No Private 9-12 71 0.37
Jacqueline Kennedy-Onassis High School 3 No Public 9-12 249 0.44
Art and Design High School 8 No Public 9-12 1,469 0.47
Repertory Company High School for Theatre Arts 6 No Public 9-12 229 0.52
The Browning School NR No Private K-12 418 0.53
Aaron School K - 12 NR No Private K-12 185 0.56
Lyceum Kennedy French American School NR No Private PK, K-12 0 0.56
Lyceum Kennedy Japanese School NR No Private PK-12 197 0.56
P.S. 35 NR No Public K, 2-12 232 0.67
Professional Performing Arts High School 8 No Public 6-12 532 0.72

Data provided by GreatSchools.org © 2026. All rights reserved.

Frequently asked questions

What is the year built for 488 Madison Avenue, New York, NY 10022?

The development at 488 Madison Avenue, New York, NY 10022 was built in 1950.

What is the total square footage of 488 Madison Avenue, New York, NY 10022?

488 Madison Avenue, New York, NY 10022 has a total of 410,961 square feet.

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