New York City  »  10022  »  Madison Ave  »  590 Madison Ave

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

Also known as: 15-25 E 56th St

Property image for 590 Madison Avenue, New York, NY 10022
static Mapbox map

Property type

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

Year built

1981

Lot sq. ft.

39,162

Sale price

$1,080,000,000

General information

Unlock this property report with a free account

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
590 Madison Avenue
Alternate address(es)
12-26 E 57th St
15-25 E 56th St
572-590 Madison Ave
ZIP code
10022
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01292-0015

Owner

Find out who owns 590 Madison Avenue, New York, NY 10022. Uncover corporate and individual owners with a free account.

Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
999,646
Building dimensions
195 ft x 190 ft
Buildings on lot
1
Stories
43
Year built
1981
Last altered
2014
Building material
Sales
Sale date
08/14/2025
Sale price
$1,080,000,000 - M
Tax
Tax year
2026-2027
Property tax
$24,593,110
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
200.83 ft x 195 ft
Lot sq. ft.
39,162

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
0.34 Miles
Closest fire station
0.47 Miles

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

Units for 590 Madison Avenue, New York, NY

Building Description

With nearly 1 million square feet for office, retail, and storage space, the former IBM Building at 590 Madison Ave. is a giant looming above the Central Midtown skyline. At 43 stories, it's the 89th-tallest building in New York.

With plenty of public open space, and a parking garage with room for 78 cars, the polished granite and glass building is equally fitting for high-end retail facing 57th Street, or indoor cafe seating to enjoy the greenery within its 3-story, glass-enclosed atrium. Each entrance has a security station to ensure the safety of all inhabitants. Not only is the wedge-shaped building close to some of the best shopping and dining the city has to offer, it also has one of the greatest views. Theatres and art galleries are also sprinkled around the area, making for an exciting place to be, come night time.

Ownership

Ownership information for 590 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 590 Madison Avenue, New York, NY 10022

Sale date Sale price Buyer name Seller name
08/14/2025 $1,080,000,000 XXX XXX XXXXXXX XXXXX XXX XXX XXXXXXX XXXXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/04/2026 - R
04/09/2026 - D		 Agreement
(2026050101100001)		 XXX XXXXXXXXX XXXXXXXX X X XXXXXX XXXXXXXXXX XXXXXXXXXX X X
12/29/2025 - R
12/18/2025 - D		 Sundry Agreement
(2025122600404002)		 XXXXXX XXXXXXX XXX XXXX XXXXXXX XXXXXXXXX XXXXXXXX X X X
12/29/2025 - R
12/18/2025 - D		 Sundry Agreement
(2025122600404001)		 XXX XXXXXX XXXX XXX XXX XXXXXXX XXXXX XXX
09/05/2025 - R UCC3 Termination
(2025081800615002)		 XXX XXXXXXX XXXXXX XXX XXXXXXX XXXXX XXXXXXXX XXXXXXX
09/05/2025 - R Initial UCC1
(2025081800615001)		 XXX XXX XXXXXXX XXXXX XXX XXXXXX XXXXXXX XXX XXXX XXXXXXX
09/12/2025 - R
08/14/2025 - D		 Sundry Agreement
(2025091100366001)		 XXXXX XXXXXXXXX X X XXXXXXXX XXX XXXXXX XXXXXXX XXX XXXX XXXXXXX
08/19/2025 - R
08/14/2025 - D		 Sundry Agreement
(2025081900335002)		 XXXXXX XXXXXXX XXX XXXX XXXXXXX XXX XXX XXXXXXX XXX
08/19/2025 - R
08/14/2025 - D		 Sundry Agreement
(2025081900335001)		 XXXXXX XXXXXXX XXX XXXX XXXXXXX XXXXX XX XXXXX XXXXXXXX XXXXXXXXXX XXXXXX XX XXXX
08/18/2025 - R
08/14/2025 - D		 Assignment of Leases and Rents
(2025081800333005)		 XXX XXXXXXX XXXXX XXX XXXXXX XXXXXXX XXX XXXX XXXXXXX
08/18/2025 - R
08/14/2025 - D		 Agreement
(2025081800333004)		 XXX XXXXXXX XXXXX XXX XXXXXX XXXXXXX XXX XXXX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 590 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
$24,593,110
Municipal exemptions
Recent tax assessments
Market value
$503,792,000
Assessed value
$226,706,400

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 $500,000,000 $225,000,000 $223,905,630 10.848% $24,289,283 $24,289,283 +2.60%
2024/25 $553,333,300 $249,000,000 $219,979,110 10.762% $23,674,152 $23,674,152 +5.80%
2023/24 $521,763,000 $234,793,350 $211,252,590 10.592% $22,375,874 $22,375,874 +2.34%
2022/23 $456,372,000 $205,367,400 $205,367,400 10.646% $21,863,413 $21,863,413 -1.32%
2021/22 $457,777,800 $206,000,010 $206,000,000 10.755% $22,155,300 $22,155,300 -21.41%
2020/21 $585,777,800 $263,600,010 $263,600,000 10.694% $28,189,384 $28,189,384 -3.71%
2019/20 $622,222,200 $279,999,990 $277,839,000 10.537% $29,275,895 $29,275,895 -0.46%
2018/19 $641,982,000 $288,891,900 $279,735,569 10.514% $29,411,398 $29,411,398 +2.20%
2017/18 $656,991,000 $295,645,950 $273,706,189 10.514% $28,777,469 $28,777,469 +3.35%
2016/17 $617,111,111 $277,700,000 $263,327,999 10.574% $27,844,303 $27,844,303 +1.10%
Permits

Permit information for 590 Madison Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/10/2026 Alteration
07/27/2026 Alteration
07/22/2026 Alteration
07/14/2026 Alteration
06/16/2026 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
12/17/2021 E-elevator elevatorrequired
09/15/2021 Aeuhaz1-fail to certify class 1
12/22/2020 E-elevator 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
Madison Ave & 53rd St at NE Corner
Station lines
E-M
Distance (miles)
0.17
View subway map

Access the detailed traffic volume map for 590 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 590 Madison Avenue, New York, NY

32 E 57th St, New York 8 E 57th St, New York 743 5th Ave, New York 48 E 57th St, New York 58 E 56th St, New York 430 Park Ave, New York 711 5th Ave, New York 50 E 57th St, New York 1 E 57th St, New York 57 E 55th St, New York 57 E 54th St, New York 727 5th Ave, New York 721 5th Ave, New York 36 E 57th St, New York 9 E 56th St, New York 534 Madison Ave, New York 6 E 57th St, New York 551 Madison Ave, New York 697 5th Ave, New York

Nearby ZIP codes for 590 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 590 Madison Avenue, New York, NY 10022?

The development at 590 Madison Avenue, New York, NY 10022 was built in 1981.

What is the market value of 590 Madison Avenue, New York, NY 10022?

The current market value of 590 Madison Avenue, New York, NY 10022 is $503,792,000.

What is the total square footage of 590 Madison Avenue, New York, NY 10022?

590 Madison Avenue, New York, NY 10022 has a total of 999,646 square feet.

What is the price per square foot for this property?

$1,080 per square foot is the price for 590 Madison Avenue, New York, NY 10022.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 80.

Disclaimer

Copyright 2003-2026 by PropertyShark.com

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.

Sign up for a free account