New York City » 10022 » Madison Ave » 598 Madison Ave

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

Also known as: 23-25 E 57th St

Property image for 598 Madison Avenue, New York, NY 10022

Property type

Office with Commercial 7-19 Stories (O6)

Year built

1921

Lot sq. ft.

4,920

General information

Address

Primary address

598 Madison Avenue

Alternate address(es)

23-25 E 57th St
592-598 Madison Ave
594-598 Madison Ave

ZIP code

10022

Neighborhood

Central Midtown

Borough

Manhattan

Block & lot

01293-0016

Building

Property type

Office with Commercial 7-19 Stories (O6)

Building sq. ft.

79,446

Building dimensions

100 ft x 48 ft

Buildings on lot

Stories

Year built

1921

Last altered

2025

Building material

Tax

Tax year

2026-2027

Property tax

$3,601,186

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

100.42 ft x 49 ft

Lot sq. ft.

4,920

Area overview

Walk score

99 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

80 /100. Very Bikeable

School district

Community district

Closest police station

0.38 Miles

Closest fire station

0.50 Miles

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

Ownership

Ownership information for 598 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 598 Madison Avenue, New York, NY 10022

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/06/2023 - R	UCC3 Termination (2023052500433005)	XXX XXXXXXX XXX	XXXXXXXX XXXX X X
06/06/2023 - R	Initial UCC1 (2023052500433004)	XXX XXXXXXX XXX	XXXXX XXXX XXXXX XXXXXXXX X X X
06/06/2023 - R 05/24/2023 - D	Assignment of Leases and Rents (2023052500433003)	XXX XXXXXXX XXX	XXXXX XXXX XXXXX XXXXXXXX X X X
06/06/2023 - R 05/24/2023 - D	Agreement (2023052500433002)	XXX XXXXXXX XXX	XXXXX XXXX XXXXX XXXXXXXX X X X
06/06/2023 - R 05/24/2023 - D	Assignment, Mortgage (2023052500433001)	XXXXXXXX XXXX X X	XXXXX XXXX XXXXX XXXXXXXX X X X
12/26/2019 - R 12/05/2019 - D	Agreement (2019122000424001)	XXX XXXXXXX XXXXXXX XXXX	XXX XXXX XXXXXXXXX XXXX
04/26/2018 - R	UCC3 Continuation (2018042601078001)	XXX XXXXXXX XXX	XXX XXXX XXXXXXXXX XXXX
05/24/2013 - R	Initial UCC1 (2013052100684004)	XXX XXXXXXX XXX	XXX XXXX XXXXXXXXX XXXX
05/24/2013 - R 05/14/2013 - D	Agreement (2013052100684005)	XXX XXXX XXXXXXXXX XXXX	XXX XXXXXXX XXXXXXX XXXX
05/24/2013 - R 05/14/2013 - D	Agreement (2013052100684003)	XXX XXXXXXX XXX	XXX XXXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 598 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

$3,601,186

Municipal exemptions

Recent tax assessments

Market value

$74,849,000

Assessed value

$33,682,050

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	$74,091,000	$33,340,950	$30,296,740	10.848%	$3,286,590	$3,286,590	+2.56%
2024/25	$73,032,000	$32,864,400	$29,777,980	10.762%	$3,204,706	$3,204,706	+2.88%
2023/24	$71,616,000	$32,227,200	$29,408,760	10.592%	$3,114,976	$3,114,976	+1.02%
2022/23	$67,504,000	$30,376,800	$28,963,320	10.646%	$3,083,435	$3,083,435	+22.74%
2021/22	$51,908,000	$23,358,600	$23,358,600	10.755%	$2,512,217	$2,512,217	-21.07%
2020/21	$68,327,000	$30,747,150	$29,764,540	10.694%	$3,183,020	$3,183,020	+5.18%
2019/20	$67,409,000	$30,334,050	$28,719,610	10.537%	$3,026,185	$3,026,185	+4.37%
2018/19	$72,512,000	$32,630,400	$27,576,910	10.514%	$2,899,436	$2,899,436	+9.18%
2017/18	$70,036,000	$31,516,200	$25,257,070	10.514%	$2,655,528	$2,655,528	+6.07%
2016/17	$69,555,000	$31,299,750	$23,676,408	10.574%	$2,503,543	$2,503,543	+3.60%

Permits

Permit information for 598 Madison Avenue, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
08/26/2026	Alteration
08/26/2026	Alteration
08/26/2026	Alteration
08/26/2026	Alteration
08/26/2026	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
	02/22/2024	Fispnrf-no report and / OR late filing (facade) facade required
	10/04/2023	Aeuhaz1-fail to certify class 1 none
	12/17/2021	E-elevator elevatorrequired

*Most recent DOB violations on record for this property.

Listings

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

5th Ave & 60th St at SE Corner

Station lines

N-Q-R

Distance (miles)

0.142

View subway map

Access the detailed traffic volume map for 598 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 598 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 598 Madison Avenue, New York, NY 10022?

The development at 598 Madison Avenue, New York, NY 10022 was built in 1921.

What is the market value of 598 Madison Avenue, New York, NY 10022?

The current market value of 598 Madison Avenue, New York, NY 10022 is $74,849,000.

What is the total square footage of 598 Madison Avenue, New York, NY 10022?

598 Madison Avenue, New York, NY 10022 has a total of 79,446 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 88.

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.