| Building name | Finland House |
| Primary address | Finland House - 540 Madison Avenue |
| Secondary address | 18-28 E 55th St |
| Neighborhood | Central Midtown |
| Zip code | 10022 |
| Borough | Manhattan |
| Block & lot | 01290-0056 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 06/27/2019 |
| Purchase price | $310,300,888 |
| Tax class | Register |
| Estimated property tax | $6,875,718 |
| Lot sqft | 12,552 |
| Lot dimensions | |
| Building class | Office Only with or without Commercial - 20 Stories or More (O4)
|
| Building sqft | 272,532 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 37 |
| Year built | 1971 |
| Year last altered | 1997 |
| Construction type | Register |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.29 Miles |
| Closest fire station | 0.51 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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You will find all alternate addresses for the property in this section.
This Office Only with or without Commercial - 20 Stories or More (O4) located at Finland House - 540 Madison Avenue, New York, NY 10022 has a total of 272,532 square feet and a current price per square foot of $1,138.
What is the year built & the current market value of Finland House - 540 Madison Avenue, New York, NY 10022?Finland House - 540 Madison Avenue, New York, NY 10022 was built in 1971 and has a current tax assessor's market value of $137,948,000.
How many commercial spaces does this building have?This building has 43 commercial spaces available for lease. There are 9 active listings at this address.
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.
| Listing type | For Lease |
|---|---|
| Listing date | 09/25/2019 |
| Last updated | 05/12/2026 |
A 39-story structure with approximately 258,511 rentable square feet, built in 1970.
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Suite B | General Office | Listing price not available | 4,259 | Ronald T. Lo Russo Daniel Organ Ethan Silverstein Peter Kerans |
| 6 Floor | General Office | Listing price not available | 10,900 | Ronald T. Lo Russo Daniel Organ Ethan Silverstein Peter Kerans |
| 36 Floor | General Office | $135/Sqft/Year | 7,050 | Ronald T. Lo Russo Daniel Organ Ethan Silverstein Peter Kerans |
| Suite 2200 | General Office | $95-$135/Sqft/Year | 3,672 | Ronald T. Lo Russo Daniel Organ Ethan Silverstein Peter Kerans |
| Partial 15 Floor | General Office | $95-$135/Sqft/Year | 3,330 | Ronald T. Lo Russo Daniel Organ Ethan Silverstein Peter Kerans |
| Partial 21 Floor | General Office | $110/Sqft/Year | 2,255 | Ronald T. Lo Russo Daniel Organ Ethan Silverstein Peter Kerans |
| 7 Floor | General Office | $95-$130/Sqft/Year | 10,900 | Ronald T. Lo Russo Daniel Organ Ethan Silverstein Peter Kerans |
| Listing type | For Lease |
|---|---|
| Listing date | 11/18/2025 |
| Last updated | 05/12/2026 |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 23rd Floor | Office | Listing price not available | 0 | Peter Johnson Joseph Gervino Alexa Damon |
| 24th Floor | Office | Listing price not available | 0 | Peter Johnson Joseph Gervino Alexa Damon |
Create a free account to view the complete sales history for 540 Madison Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
*Here are the three most recent sales for this property.
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.
R: Recorded date
D: Document date
Access detailed property tax data for Finland House - Finland House - 540 Madison Avenue, New York, NY 10022. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $6,734,070 |
| Estimated property tax: | $6,875,718 |
| Tax assessor's market value: | $137,948,000 |
| Assessed value: | $62,076,600 |
Here's the assessment & property tax history for 540 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 | $137,948,000 | $62,076,600 | $62,076,600 | 10.848% | $6,734,070 | $6,734,070 | +1.40% |
| 2024/25 | $137,125,000 | $61,706,250 | $61,706,250 | 10.762% | $6,640,827 | $6,640,827 | -0.48% |
| 2023/24 | $140,000,000 | $63,000,000 | $63,000,000 | 10.592% | $6,672,960 | $6,672,960 | -3.57% |
| 2022/23 | $144,444,400 | $64,999,980 | $65,000,000 | 10.646% | $6,919,900 | $6,919,900 | +6.41% |
| 2021/22 | $134,370,000 | $60,466,500 | $60,466,500 | 10.755% | $6,503,172 | $6,503,172 | -19.77% |
The complete history of permits filed for 540 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.
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.
Check out recently sold homes in Manhattan and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | Madison Ave & 53rd St at NE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | E-M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.084 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Madison Av/E 54 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | X68 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for Finland House - Finland House - 540 Madison Avenue, New York, NY 10022.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 60 E 55th St, New York | 112,387 | ||
| 16 E 55th St, New York | 9,630 | 01/05/2026 | $432,756 |
| 711 5th Ave, New York | 310,000 | 09/25/2019 | |
| 430 Park Ave, New York | 233,115 | 04/03/1987 | |
| 58 E 56th St, New York | 6,750 | 04/22/2021 | $8,000,000 |
| 543 Madison Ave, New York | 9,343 | 05/31/1996 | |
| 538 Madison Ave, New York | 8,000 | 01/30/1981 | |
| 400 Park Ave, New York | 214,392 | 09/25/2019 | $49,655 |
| 532 Madison Ave, New York | 14,529 | 07/18/2001 | |
| 57 E 54th St, New York | 7,214 | 12/18/2003 | $4,175,000 |
| 59 E 54th St, New York | 42,214 | 08/26/1996 | |
| 14 E 55th St, New York | 10,774 | 08/01/2013 | $12,700,000 |
| 410 Park Ave, New York | 236,665 | 01/01/2011 | |
| 534 Madison Ave, New York | 7,665 | ||
| 65 E 54th St, New York | 7,929 | 04/24/2012 | |
| 536 Madison Ave, New York | 7,625 | 12/30/2008 | $200,000 |
| 551 Madison Ave, New York | 125,495 | 01/19/2017 | $155,000,000 |
| 55 E 54th St, New York | 4,070 | 07/01/1992 | |
| 697 5th Ave, New York | 11,485 | 02/05/2016 | $20,000,000 |
