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550 Madison Avenue, New York, NY 10022

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550 Madison Avenue, New York, NY 10022

Property photo for 550 Madison Avenue, New York, NY 10022

Property Overview

Primary address 550 Madison Ave
Alternate address(es) 550-570 Madison Ave
14-28 E 56 St
13-29 E 55 St
Zip code 10022
Borough Manhattan
Block & lot 01291-0010
Lot dimensions
Lot sq. ft. 36,803 ?
Buildings on lot 1
Building class Office Only with or without Commercial - 20 Stories or More (O4)
Year built 1983
Building Sq. Ft.

Building Description

Postmodern design with a nod to history created 550 Madison Avenue in Central Midtown. Originally built to house the corporate headquarters of AT&T, and now the former home of Sony, the towering 35-story skyscraper offers modern amenities within its 827,000 square feet. It is zoned for office and retail space, with 8 available commercial units. A massive glass-covered atrium invites light into the building, and spotlights space for retail or restaurants on the ground floor.

Easily identifiable in the sea of midtown buildings by its English Chippendale-style roof, the building's massive arched entry is flanked by high windows that show off the ground-floor tenants. Sandwiched between East 55th and 56th Streets with easy access to Madison Ave. high-end retailers and major corporate headquarters, the Sony Building is a few blocks from the E and M subway lines at the 53rd Street station. A plethora of art galleries just a block north of this location ensures plenty of after-work entertainment and shopping opportunities.

Ownership Information

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Owner Address  
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Other Critical Property Data

Neighborhood Central Midtown
School district number 2
Commercial units 8
Max Floor Area Ratio
Closest police station 0.31 Miles -
Closest fire station 0.49 Miles -
Certificate of occupancy

Sales & Property History

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Purchase date 5/26/2016
Purchase price


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Pre filing date Job type Job description
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Property Taxes

Access detailed property tax data for 550 Madison Ave. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year 2016/2017
Tax assessor's market value $443,898,000
Projected tax assessor's market value $454,366,000
Current tax bill $17,515,102
Projected tax bill $19,011,939

Assessment History

Year Building class Market value Assessed value Taxable Tax rate% Base tax Property tax
2016/17 O4 $443,898,000 $199,754,100 $165,643,110 10.574% $17,515,102 $17,515,102
2015/16 O4 $440,969,000 $198,436,050 $151,792,290 10.656% $16,174,986 $16,174,986
2014/15 O4 $331,804,000 $149,311,800 $136,765,080 10.684% $14,611,981 $14,611,981
2013/14 O4 $326,729,000 $147,028,050 $133,992,720 10.323% $13,832,068 $13,832,068
2012/13 O4 $297,079,000 $133,685,550 $131,087,110 10.288% $13,486,242 $13,486,242
2011/12 O4 $290,000,000 $130,500,000 $125,860,000 10.152% $12,777,307 $12,777,307
2010/11 O4 $274,000,000 $123,300,000 $119,740,000 10.312% $12,347,589 $12,347,589
2009/10 O4 $301,000,000 $135,450,000 $113,080,000 10.426% $11,789,721 $11,789,721
2008/09 O4 $294,444,444 $132,500,000 $101,650,000 10.241% $10,409,977 $10,409,977
2007/08 O4 $239,000,000 $107,550,000 $93,070,000 10.059% $9,361,911 $9,361,911
2006/07 O4 $222,000,000 $99,900,000 $90,010,000 10.997% $9,898,400 $9,898,400
2005/06 O4 $200,000,000 $90,000,000 $87,180,000 11.306% $9,907,448 $9,856,571
2004/05 O4 $174,000,000 $78,300,000 $77,400,000 11.558% $9,049,914 $8,945,892
2003/04 O4 $208,000,000 $93,600,000 $89,420,000 11.431% $10,375,919 $10,221,600

Title Documents

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Document Date Type Amount Party1 name Party2 name Link To Doc
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Here are the neighbors for 550 Madison Ave.

Address Property class Square feet Purchase date Purchase price
32 E 129 St, New York, NY Old Law Tenement(C4) 16,495 6/2/2006
2082 Madison Ave, New York, NY Old Law Tenement(C4) 8,845 11/5/2015
118 Madison Ave, New York, NY Elevator Apartment - Semi-Fireproof with Stores(D7) 32,917 6/6/2006
1410 Madison Ave, New York, NY Walk-up Apartment - Over Six Families with Stores(C7) 9,375 9/29/2008
1250-1254 5 Ave, New York, NY Elevator Apartment - Semi-Fireproof with Stores(D7) 532,700 2/3/2006
520 Madison Ave, New York, NY Zoned Commercial or Manhattan Residential(V1) n/a 2/12/2003
974-990 Madison Ave, New York, NY Office with Commercial - 1 to 6 Stories(O5) 118,635 11/8/2011
532 Madison Ave, New York, NY Office with Commercial 7-19 Stories(O6) 14,529 7/18/2001
16 E 89 St, New York, NY Other Private School(W8) 81,254 n/a
898 Madison Ave, New York, NY Elevator Apartments Cooperatives Building (Other than Condominiums)(XD4) 188,158 7/30/2010
1020 Madison Ave, New York, NY Predominant Retail with Other Uses(K4) 9,567 3/31/1977
2058-2080 Madison Ave, New York, NY Playground(Q2) n/a n/a
1490 Madison Ave, New York, NY Multi-Story Retail Building (2 or More)(K2) 17,400 4/29/2015
424 Madison Ave, New York, NY Office with Commercial 7-19 Stories(O6) 62,237 11/16/2006
148-150 Madison Ave, New York, NY Office with Commercial 7-19 Stories(O6) 71,871 12/29/2004

Demographics By Zip Code

Profile of Zip Code
Total population 29,699
Female population 16632 (56.0%)
Male population 13067 (44.0%)
Households 23172 (occupied 75.7%)
Home owners 8403 (47.9%)
Renters 9149 (52.1%)
Average number of people per household 1.66

Age Distribution
Under 15 15 to 24 25 to 44 45 to 64 65 and older

Alternate Addresses

There are a variety of reasons for which a parcel can have more than one address. The most common reasons are:

A building on the property has frontage on more than one street. Usually a parcel will be allocated addresses for every street on which it has frontage, even if it does not have a building on that street. The lot has frontage on a street that is wider than the standard frontage for a lot in that area. In this case the lot usually gets a range of addresses on that street. For example, instead of being 18 Main Street, the parcel may be allocated 18 - 20 Main Street. The wider the frontage, the wider the range. We have seen cases of a parcel having a range of more than 50 numbers (ie 18 - 76 Main Street). The lot has several freestanding buildings. Sometimes each building will get its own address, and other times the buildings are numbered ("18 Main Street, Building #1"). The lot has a "row house" style development in which each unit has a separate entrance. Whether the building is an apartment building, a condominium, or a coop, it will often get a separate address for each entrance. The building has more than one retail store at ground level. Often each store gets a separate address.

  • 550-570 Madison Ave, New York, NY

  • 14-28 E 56 St, New York, NY

  • 13-29 E 55 St, New York, NY
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