New York City » 10022 » Madison Ave » 550 Madison Ave

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

Also known as: 13-29 E 55th St

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

Property type

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

Year built

1984

Lot sq. ft.

36,803

Sale price

$1,400,000,000

General information

Address

Primary address

550 Madison Avenue

Alternate address(es)

13-29 E 55th St
14-28 E 56th St
550-570 Madison Ave

ZIP code

10022

Neighborhood

Central Midtown

Borough

Manhattan

Block & lot

01291-0010

Building

Property type

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

Building sq. ft.

685,125

Building dimensions

200 ft x 99 ft

Buildings on lot

Stories

Year built

1984

Last altered

2019

Building material

Sales

Sale date

05/26/2016

Sale price

$1,400,000,000

Tax

Tax year

2026-2027

Property tax

$27,240,226

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

200.83 ft x 189 ft

Lot sq. ft.

36,803

Area overview

Walk score

99 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

83 /100. Very Bikeable

School district

Community district

Closest police station

0.31 Miles

Closest fire station

0.49 Miles

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

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

Ownership information for 550 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 550 Madison Avenue, New York, NY 10022

Sale date	Sale price	Buyer name	Seller name
05/26/2016	$1,400,000,000	XXX XXX XXXXX XXX	XXX XXXXXXX XXXXX XXX XXX XXXXXXX XXX XXXXXXX XXXXX XXX
03/15/2013	$1,100,000,000	XXX XXXXXXX XXXXX XXX	XXX XXXXXXX XXXXXX XXXXX XXX. XXX XXXX XXXXXXXXXXX XX XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444011)	XXX (XX) XXXXXXXXXX XXX	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444010)	XXXXXXXX XXXXXXXX XXX	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444009)	XXXXXX XXXXXXX (XXXXXXXX XXX)	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444008)	XXXXX XXXXXXX XXXXXXXXXX XX	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444007)	XXX XXXXXXXX XXXXXXXXX XXXXXXX	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444006)	XXXXXXX XXXXXXX X X	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444005)	XXX XXXXXXX XXXXXXXX XXX	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444004)	XXXXXXX XXXXXXXX XXXX XXXXXXXX X X	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Agreement (2026021900444003)	XXXXXX XX XXXXX XXX	XXX XXXXXXX XXX
02/19/2026 - R 02/13/2026 - D	Mortgage and Consolidation (2026021900444002)	XXX XXX XXXXX XXX	XXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 550 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

$27,240,226

Municipal exemptions

Recent tax assessments

Market value

$561,091,000

Assessed value

$252,490,950

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	$563,418,000	$253,538,100	$250,569,990	10.848%	$27,181,833	$27,181,833	+1.06%
2024/25	$555,363,000	$249,913,350	$249,913,350	10.762%	$26,895,675	$26,895,675	+15.64%
2023/24	$487,955,000	$219,579,750	$219,579,750	10.592%	$23,257,887	$23,257,887	+32.35%
2022/23	$366,812,000	$165,065,400	$165,065,400	10.646%	$17,572,862	$17,572,862	+2.47%
2021/22	$354,345,000	$159,455,250	$159,455,250	10.755%	$17,149,412	$17,149,412	-12.61%
2020/21	$407,777,800	$183,500,010	$183,500,000	10.694%	$19,623,490	$19,623,490	-1.89%
2019/20	$422,222,200	$189,999,990	$189,818,817	10.537%	$20,001,209	$20,001,209	+2.43%
2018/19	$454,366,000	$204,464,700	$185,714,510	10.514%	$19,526,024	$19,526,024	+3.29%
2017/18	$454,366,000	$204,464,700	$179,798,940	10.514%	$18,904,061	$18,904,061	+7.93%
2016/17	$443,898,000	$199,754,100	$165,643,110	10.574%	$17,515,102	$17,515,102	+8.29%

Permits

Permit information for 550 Madison Avenue, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
08/03/2026	Alteration
07/30/2026	Alteration
07/28/2026	Alteration
07/13/2026	Alteration
06/30/2026	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
	08/22/2025	C-construction other optional
	06/23/2024	Earcx-failure to submit eer none
	02/22/2024	Fispnrf-no report and / OR late filing (facade) facade required

*Most recent DOB violations on record for this property.

Listings

Commercial listings at 550 Madison Avenue, New York, NY 10022

Photo	Listing Type	Property Type	Price	Sq. ft.	Listing Date	Last Updated
	For Lease	General Office	Listing price not available	852,796		08/03/2026	View listing

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Madison Ave & 53rd St at NE Corner

Station lines

E-M

Distance (miles)

0.122

View subway map

Access the detailed traffic volume map for 550 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

Nearby ZIP codes for 550 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 550 Madison Avenue, New York, NY 10022?

The development at 550 Madison Avenue, New York, NY 10022 was built in 1984.

What is the market value of 550 Madison Avenue, New York, NY 10022?

The current market value of 550 Madison Avenue, New York, NY 10022 is $561,091,000.

What is the total square footage of 550 Madison Avenue, New York, NY 10022?

550 Madison Avenue, New York, NY 10022 has a total of 685,125 square feet.

What is the price per square foot for this property?

$2,043 per square foot is the price for 550 Madison Avenue, New York, NY 10022.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 7.

How many active listings does 550 Madison Avenue, New York, NY 10022 have?

This address has 1 active listing(s).

Disclaimer

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.