| Building name | 551 Madison Avenue |
| Primary address | 551 Madison Avenue - 551 Madison Avenue |
| Secondary address | 45 E 55th St |
| Neighborhood | Central Midtown |
| Zip code | 10022 |
| Borough | Manhattan |
| Block & lot | 01291-0021 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 01/19/2017 |
| Purchase price | $155,000,000 |
| Tax class | Register |
| Estimated property tax | $2,917,781 |
| Lot sq. ft. | 7,541 |
| Lot dimensions | |
| Property type | Office with Commercial 7-19 Stories (O6)
|
| Building sqft | 125,495 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 17 |
| Year built | 1922 |
| Year last altered | 1982 |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.28 Miles |
| Closest fire station | 0.54 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 with Commercial 7-19 Stories (O6) located at 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022 has a total of 125,495 square feet and a current price per square foot of $1,235.
What is the year built & the current market value of 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022?551 Madison Avenue - 551 Madison Avenue, New York, NY 10022 was built in 1922 and has a current tax assessor's market value of $60,032,000.
How many commercial spaces does this building have?This building has 1 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 | 08/19/2024 |
| Last updated | 01/23/2025 |
| Lot size | 0.17 Acre |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Space Available | Retail | Listing price not available | 11,500 | Aaron Marcus Metin Negrin |
| 8th Floor | Retail | Listing price not available | 6,516 | Aaron Marcus Metin Negrin |
| 11th Floor | Retail | Listing price not available | 4,063 | Aaron Marcus Metin Negrin |
| 11th Floor | Retail | Listing price not available | 4,378 | Aaron Marcus Metin Negrin |
| 13th Floor | Retail | Listing price not available | 8,330 | Aaron Marcus Metin Negrin |
| 14th Floor | Retail | Listing price not available | 8,330 | Aaron Marcus Metin Negrin |
| 15th Floor | Retail | Listing price not available | 8,330 | Aaron Marcus Metin Negrin |
| 16th Floor | Retail | Listing price not available | 7,822 | Aaron Marcus Metin Negrin |
| 17th Floor | Retail | Listing price not available | 6,625 | Aaron Marcus Metin Negrin |
Create a free account to view the complete sales history for 551 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 551 Madison Avenue - 551 Madison Avenue - 551 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: | $2,909,287 |
| Estimated property tax: | $2,917,781 |
| Tax assessor's market value: | $60,032,000 |
| Assessed value: | $27,014,400 |
Here's the assessment & property tax history for 551 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 | $60,032,000 | $27,014,400 | $26,818,650 | 10.848% | $2,909,287 | $2,909,287 | -1.59% |
| 2024/25 | $61,042,000 | $27,468,900 | $27,468,900 | 10.762% | $2,956,203 | $2,956,203 | +0.95% |
| 2023/24 | $61,441,000 | $27,648,450 | $27,648,450 | 10.592% | $2,928,524 | $2,928,524 | +2.96% |
| 2022/23 | $59,371,000 | $26,716,950 | $26,716,950 | 10.646% | $2,844,286 | $2,844,286 | +4.76% |
| 2021/22 | $56,099,000 | $25,244,550 | $25,244,550 | 10.755% | $2,715,051 | $2,715,051 | -14.07% |
The complete history of permits filed for 551 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) | 0.103 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Madison Av/ E 55 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 551 Madison Avenue - 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 32 E 57th St, New York | 77,511 | ||
| 430 Park Ave, New York | 233,115 | 04/03/1987 | |
| 58 E 56th St, New York | 6,750 | 04/22/2021 | $8,000,000 |
| 48 E 57th St, New York | 11,990 | 04/14/2014 | |
| 711 5th Ave, New York | 310,000 | 09/25/2019 | |
| 16 E 55th St, New York | 9,630 | 01/05/2026 | $432,756 |
| 543 Madison Ave, New York | 9,343 | 05/31/1996 | |
| 57 E 55th St, New York | 14,541 | 02/21/2025 | $15,491,250 |
| 50 E 57th St, New York | 14,535 | 11/02/2011 | $31,500,000 |
| 540 Madison Ave, New York | 272,532 | 06/27/2019 | $310,300,888 |
| 400 Park Ave, New York | 214,392 | 09/25/2019 | $49,655 |
| 57 E 54th St, New York | 7,214 | 12/18/2003 | $4,175,000 |
| 590 Madison Ave, New York | 999,646 | 08/14/2025 | $1,080,000,000 |
| 14 E 55th St, New York | 10,774 | 08/01/2013 | $12,700,000 |
| 410 Park Ave, New York | 236,665 | 01/01/2011 | |
| 9 E 56th St, New York | 26,983 | 08/14/2025 | $1,080,000,000 |
| 36 E 57th St, New York | 15,674 | 07/30/2014 | $65,250,000 |
| 534 Madison Ave, New York | 7,665 | ||
| 697 5th Ave, New York | 11,485 | 02/05/2016 | $20,000,000 |
