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

488 Madison Avenue #2, New York, NY 10022 Property Information

488 Madison Avenue #2, New York, NY 10022 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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488 Madison Avenue #2, New York, NY 10022
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Address

Primary address 488 Madison Avenue #2
Secondary address 15-23 E 51st St
Neighborhood Central Midtown
Zip code 10022
Borough Manhattan
Block & lot 01287-1202

Sales & Tax Overview for 488 Madison Avenue #2, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $412,343

Lot & Building Information for 488 Madison Avenue #2, New York

Lot sq. ft. 21,590
Property type Retail Space (RK)
Building sqft 24,018
Building dimensions 200 ft x 140 ft
Buildings on lot 1
Stories 23
Year built 1950
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Zoning & Use for 488 Madison Avenue #2, New York

Commercial units 1
Conversion feasibility index

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 488 Madison Avenue #2, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 488 Madison Avenue #2, New York, NY 10022, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 488 Madison Avenue #2, New York, NY 10022, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 15-23 E 51st St, New York, NY 10022
  • 24 E 52nd St, New York, NY 10022
  • 484-492 Madison Ave, New York, NY 10022

About 488 Madison Avenue #2, New York

How many square feet does 488 Madison Avenue #2, New York, NY 10022 have?

This Retail Space (RK) located at 488 Madison Avenue #2, New York, NY 10022 has a total of 24,018 square feet.

What is the year built & the current market value of 488 Madison Avenue #2, New York, NY 10022?

488 Madison Avenue #2, New York, NY 10022 was built in 1950 and has a current tax assessor's market value of $8,313,900.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 488 Madison Avenue #2, New York

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Property owner name for 488 Madison Avenue #2, New York, NY 10022
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Building contacts for 488 Madison Avenue #2, New York, NY 10022
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 488 Madison Avenue #2, New York

Create a free account to view the complete sales history for 488 Madison Avenue #2, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 488 Madison Avenue #2, New York

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.

Date Type Amount Party 1 Party 2 Doc image
09/17/2024 - D
10/02/2024 - R
Maps
(2024091800343002)
07/29/2024 - D
10/02/2024 - R
Amended Condo Declaration
(2024091800343001)
06/13/2024 - D
08/28/2024 - R
Asgn of Asgn of L&R
(2024082800570004)
06/13/2024 - D
08/28/2024 - R
Assignment, Mortgage
(2024082800570003)
06/13/2024 - D
08/28/2024 - R
Asgn of Asgn of L&R
(2024082800570002)
06/13/2024 - D
08/28/2024 - R
Assignment, Mortgage
(2024082800570001)
05/14/2024 - D
05/22/2024 - R
Agreement
(2024052200046003)
05/14/2024 - D
05/22/2024 - R
Assignment of Leases and Rents
(2024052200046002)
05/14/2024 - D
05/22/2024 - R
Agreement
(2024052200046001)
05/14/2024 - D
05/17/2024 - R
Mortgage
(2024051601004003)
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R: Recorded date
D: Document date

Property Taxes for 488 Madison Avenue #2, New York

Access detailed property tax data for 488 Madison Avenue #2, 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: $405,852
Estimated property tax: $412,343
Tax assessor's market value: $8,313,900
Assessed value: $3,741,261

Assessment History for 488 Madison Avenue #2, New York

Data not available for this property.

Permits for 488 Madison Avenue #2, New York

The complete history of permits filed for 488 Madison Avenue #2, 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.

No recorded permits for this property.

Manhattan Commercial Market Stats

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.

Median Price/Sqft Q1/2026
$797
19.7% YoY
Median Price/Sqft Q4/2025
$606
-17.5% YoY
Median Price/Sqft 2025
$656
-5.9% YoY

Check out recently sold homes in Manhattan and see how their prices compare.

Transportation

Neighbors for 488 Madison Avenue #2, New York

Here are the neighbors for 488 Madison Avenue #2, New York, NY 10022.

Address Square feet Purchase date Purchase price
510 Main St, New York 804,200 04/17/2007 $189,526,238
1954 1st Ave, New York 414,144 10/23/2019 $325,000,000
224 E 49th St, New York 7,069 12/08/2021
222 E 64th St, New York 103,000
50 W 139th St, New York 102,132 10/11/2019 $75,500,000
16 E 39th St, New York 82,634 12/08/2023 $51,265,710
554 W 46th St, New York 57,750 12/15/2025
120 W 60th St, New York 47,121 08/02/1984
1964 1st Ave, New York 414,144 10/23/2019 $325,000,000
755 10th Ave, New York 69,540
555 W 45th St, New York 50,992 12/17/2025
3 E 75th St, New York 28,968
60 W 130th St, New York 9,710 06/22/2011 $475,000
501 W 51st St, New York 78,334 07/28/2010 $502,000
20 E 65th St, New York 12,490 03/18/2011
325 E 25th St, New York 63,804 11/24/2014 $1
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