New York City  »  10022  »  Madison Ave  »  535 Madison Ave

Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022 - Property report

Also known as: 47-53 E 54th St

Property image for Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022
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Property type

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

Year built

1981

Lot sq. ft.

16,960

General information

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Address
Building name
Dillon, Read & Company Building
Primary address
Dillon
Alternate address(es)
47-53 E 54th St
ZIP code
10022
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01290-0021

Owner

Find out who owns Dillon, Read & Company Building - 535 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.
444,293
Building dimensions
125 ft x 122 ft
Buildings on lot
1
Stories
36
Year built
1981
Building material
Sales
Sale date
09/03/2014
Sale price
$250,000
Tax
Tax year
2026-2027
Property tax
$10,544,256
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Commercial units
27
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
125.42 ft x 144 ft
Lot sq. ft.
16,960

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
2
Community district
5

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

Ownership

Ownership information for Dillon, Read & Company Building - 535 Madison Avenue, New York, NY

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

Sales history for Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/15/2026 - R
10/13/2025 - D		 Agreement
(2026041500305001)		 XXXXX XXXX XXXXXX X X XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX
03/12/2025 - R
02/25/2025 - D		 Agreement
(2025031200425001)		 XXXXX XXXXXXXXXX XXXXXXX XXX XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX
09/17/2024 - R
09/09/2024 - D		 Agreement
(2024091700418001)		 XXXXXXX XXXXXX XXX XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX
07/11/2023 - R
06/27/2023 - D		 Agreement
(2023070700425001)		 XXXXXXX XXXXX XXXXXXXXXX XXXXXXX XXXXXXXXXXX XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX
01/06/2023 - R
12/06/2022 - D		 Agreement
(2023010400901001)		 XXXXX XXXXX XXXXXX XXXXXXX XXXXXXXX XXX XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX
02/18/2022 - R UCC3 Continuation
(2022021800558001)		 XXXXXXX XXXXX XXXXXXXXXX XXXXXXX XXXXXXXXXXX XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX
09/19/2019 - R
09/03/2019 - D		 Agreement
(2019091800143001)		 XXX XXXXXX XXXXXXXXXX XX XXXXXXX XXXXX XXXXXXXXXX XXXXXXX XXXXXXXXXXX
05/23/2019 - R
05/16/2019 - D		 Agreement
(2019052300712001)		 XXXXXXX XXXXX XXXXXXXXXX XXXXXXX XXXXXXXXXXX XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX
07/16/2018 - R
07/10/2018 - D		 Sundry Agreement
(2018071600315001)		 XXXXXXX XXXXX XXXXXXXXXX XXXXXXX XXXXXXXXXXX XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX
03/19/2018 - R
01/08/2018 - D		 Agreement
(2018031400384001)		 XXXXXXXX XXXXXXX XXXXXXXXXX XX XXX XXXXXXXXXXXX XXXXXX XXXX XXXXXXXXX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Dillon, Read & Company Building - 535 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
$10,544,256
Municipal exemptions
Recent tax assessments
Market value
$216,000,000
Assessed value
$97,200,000

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 $216,000,000 $97,200,000 $97,200,000 10.848% $10,544,256 $10,544,256 -8.23%
2024/25 $244,444,400 $110,000,000 $106,761,380 10.762% $11,489,660 $11,489,660 +1.60%
2023/24 $252,340,000 $113,553,000 $106,761,380 10.592% $11,308,165 $11,308,165 -2.72%
2022/23 $250,444,400 $112,699,980 $109,190,780 10.646% $11,624,450 $11,624,450 +22.33%
2021/22 $196,342,000 $88,353,900 $88,353,900 10.755% $9,502,462 $9,502,462 -18.63%
2020/21 $242,666,700 $109,200,015 $109,200,000 10.694% $11,677,848 $11,677,848 +0.75%
2019/20 $244,444,400 $109,999,980 $110,000,000 10.537% $11,590,700 $11,590,700 -2.68%
2018/19 $292,030,000 $131,413,500 $113,271,313 10.514% $11,909,346 $11,909,346 +8.82%
2017/18 $278,116,000 $125,152,200 $104,087,153 10.514% $10,943,723 $10,943,723 +9.27%
2016/17 $250,550,000 $112,747,500 $94,718,713 10.574% $10,015,557 $10,015,557 +1.27%
Permits

Permit information for Dillon, Read & Company Building - 535 Madison Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/31/2026 Alteration
08/27/2026 Alteration
08/27/2026 Alteration
08/19/2026 Alteration
08/19/2026 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
06/27/2022 C-construction other optional
12/01/2021 Egrade-failure to post energy grade/score
09/03/2019 Ll2604s-sprinkler

*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)
0.058
View subway map

Access the detailed traffic volume map for Dillon, Read & Company Building - 535 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 Dillon, Read & Company Building - 535 Madison Avenue, New York, NY

48 Wall St, New York 409 W 219th St, New York 517 W 158th St, New York 5073 Broadway, New York 191 Chrystie St, New York 244 W 64th St, New York 202 W 24th St, New York 231 E 115th St, New York 303 Mercer St, New York 1470 1st Ave, New York 44 W 89th St, New York 485 W 187th St, New York 150 E 7th St, New York 246 Eldridge St, New York 305 E 63rd St, New York 30 Lexington Ave, New York 544 6th Ave, New York 330 W 88th St, New York 148 Greene St, New York

Frequently asked questions

What is the year built for Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022?

The development at Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022 was built in 1981.

What is the market value of Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022?

The current market value of Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022 is $216,000,000.

What is the total square footage of Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022?

Dillon, Read & Company Building - 535 Madison Avenue, New York, NY 10022 has a total of 444,293 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 27.

Disclaimer

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