New York City  »  10022  »  Madison Ave  »  551 Madison Ave

551 Madison Avenue - 551 Madison Avenue, New York, NY 10022 - Property report

Also known as: 45 E 55th St

Property image for 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022
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Property type

Office with Commercial 7-19 Stories (O6)

Year built

1922

Lot sq. ft.

7,541

Sale price

$155,000,000

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
Building name
551 Madison Avenue
Primary address
551 Madison Avenue - 551 Madison Avenue
Alternate address(es)
45 E 55th St
551-553 Madison Ave
ZIP code
10022
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01291-0021

Owner

Find out who owns 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022. Uncover corporate and individual owners with a free account.

Building
Property type
Office with Commercial 7-19 Stories (O6)
Building sq. ft.
125,495
Building dimensions
75.42 ft x 100 ft
Buildings on lot
1
Stories
17
Year built
1922
Last altered
1982
Building material
Sales
Sale date
01/19/2017
Sale price
$155,000,000
Tax
Tax year
2026-2027
Property tax
$2,917,781
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
75.42 ft x 100 ft
Lot sq. ft.
7,541

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
5
Closest police station
0.28 Miles
Closest fire station
0.54 Miles

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

Ownership

Ownership information for 551 Madison Avenue - 551 Madison Avenue, New York, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

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

Sales history for 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022

Sale date Sale price Buyer name Seller name
01/19/2017 $155,000,000 XXXXX XX XXX XXX XXX XXXXXXX XXXXXXXX XXX
12/27/2012 $128,000,000 XXX XXXXXXX XXXXXXXX XXX XXX XXXXXXX XXXXXX XXXXXX X X X
08/30/2005 $87,500,000 XXX XXXXXXX XXXXXX XXXXXX X.X.X. XXXXXXXXXX XXXXX XXXXXXXX' XXXXXXXXXX XXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/17/2026 - R UCC3 Assignment
(2026071401175003)		 XXXXX XX XXX XXX XXXXXXXX XXXXXXXXXXXXXX XX
08/05/2026 - R
03/31/2026 - D		 Asgn of Asgn of L&R
(2026073100481002)		 XXXXXXXX XXXXXXXXXXXXXX XX XXX XXXXXXX XX XXXXXX XXX
08/05/2026 - R
03/31/2026 - D		 Assignment, Mortgage
(2026073100481001)		 XXXXXXXX XXXXXXXXXXXXXX XX XXX XXXXXXX XX XXXXXX XXX
07/17/2026 - R
02/23/2026 - D		 Asgn of Asgn of L&R
(2026071401175002)		 XXXXXXXX XXXXXXXXXXXXXX XX XXXXXXXX XX XXXXXX XX XXX
07/17/2026 - R
02/23/2026 - D		 Assignment, Mortgage
(2026071401175001)		 XXXXXXXX XXXXXXXXXXXXXX XX XXXXXXXX XX XXXXXX XX XXX
07/06/2022 - R Initial UCC1
(2022061601508006)		 XXXXX XX XXX XXX XXXXXXXX XXXXXXXXXXXXXX XX
06/01/2022 - R UCC3 Termination
(2022060100552001)		 XXXXX XX XXX XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
06/01/2022 - R UCC3 Termination
(2022060100529001)		 XXXXX XX XXX XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
07/06/2022 - R
05/31/2022 - D		 Assignment of Leases and Rents
(2022061601508005)		 XXXXX XX XXX XXX XXXXXXXX XXXXXXXXXXXXXX XX
07/06/2022 - R
05/31/2022 - D		 Agreement
(2022061601508004)		 XXXXX XX XXX XXX XXXXXXXX XXXXXXXXXXXXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 551 Madison Avenue - 551 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
$2,917,781
Municipal exemptions
Recent tax assessments
Market value
$59,771,000
Assessed value
$26,896,950

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 $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%
2020/21 $71,891,000 $32,350,950 $29,544,260 10.694% $3,159,463 $3,159,463 +8.11%
2019/20 $71,191,000 $32,035,950 $27,735,336 10.537% $3,059,838 $2,922,472 +10.77%
2018/19 $70,365,000 $31,664,250 $25,094,556 10.514% $2,912,573 $2,638,442 +12.67%
2017/18 $64,823,000 $29,170,350 $22,272,787 10.514% $2,752,958 $2,341,761 +10.90%
2016/17 $61,031,000 $27,463,950 $19,969,657 10.574% $2,662,983 $2,111,592 +10.98%
Permits

Permit information for 551 Madison Avenue - 551 Madison Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
01/05/2026 Alteration
12/23/2025 Alteration
12/17/2025 Alteration
05/15/2025 Alteration
05/08/2025 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
11/14/2025 Lblvio-low pressure boiler boiler required
04/25/2023 Lblvio-low pressure boiler boiler required
04/25/2023 Lblvio-low pressure boiler boiler required

*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
Madison Ave & 53rd St at NE Corner
Station lines
E-M
Distance (miles)
0.103
View subway map

Access the detailed traffic volume map for 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022 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 551 Madison Avenue - 551 Madison Avenue, New York, NY

32 E 57th St, New York 430 Park Ave, New York 58 E 56th St, New York 48 E 57th St, New York 711 5th Ave, New York 16 E 55th St, New York 543 Madison Ave, New York 57 E 55th St, New York 50 E 57th St, New York 540 Madison Ave, New York 400 Park Ave, New York 57 E 54th St, New York 590 Madison Ave, New York 14 E 55th St, New York 410 Park Ave, New York 9 E 56th St, New York 36 E 57th St, New York 534 Madison Ave, New York 697 5th Ave, New York

Nearby ZIP codes for 551 Madison Avenue - 551 Madison Avenue, New York, NY

10017, New York City, NY 10020, New York City, NY 10021, New York City, NY 10065, New York City, NY 10103, New York City, NY 10112, 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 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022?

The development at 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022 was built in 1922.

What is the market value of 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022?

The current market value of 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022 is $59,771,000.

What is the total square footage of 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022?

551 Madison Avenue - 551 Madison Avenue, New York, NY 10022 has a total of 125,495 square feet.

What is the price per square foot for this property?

$1,235 per square foot is the price for 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

How many active listings does 551 Madison Avenue - 551 Madison Avenue, New York, NY 10022 have?

This address has 9 active listing(s).

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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