198 Madison Avenue - Office Space Availability

For LeaseContact for pricing See below for details.

198 Madison Avenue, New York, NY 10016

  • Office
  • General Office
  • 50,000 Sqft

198 Madison Avenue, New York, NY 10016 - Office Space for rent

198 Madison Avenue is located at 198 Madison Avenue in the Murray Hill neighborhood, NY, New York, 10016. The Class B Office building was completed in 1906 and features a total of 1,021,821 Sqft. There are 2 Office spaces available for lease at 198 Madison Avenue, New York, NY, 10016, totaling 50,000 Sqft. The largest space available has 25,000 Sqft.

There are 449 office spaces for lease in the Murray Hill neighborhood, totaling 3,259,081 Sqft of available office space. The office space availability for the 10016 zip code is 3,668,221 Sqft, in 495 office spaces. The average asking office rent per sq. ft. in Murray Hill is $55.73/sqft/year. For Class A+ office buildings the average office rate is $78/sqft/year, for Class A office buildings the average office rate is $69.5/sqft/year, for Class B office buildings the average office rate is $53.48/sqft/year.

In Murray Hill, there are 57 class B office buildings. In Murray Hill, there are a total of 7 LEED certified office buildings. In 1906, the same year 198 Madison Avenue was built, 172 more commercial properties (office, industrial, retail) over 50,000 square feet were built in New York, featuring 4,560,667 square feet of commercial space. At zip code level, there are 114 commercial properties, of which 113 are office buildings over 50,000 square feet.

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Details

  • Price Contact for pricing
  • City New York
  • Neighborhood Murray Hill
  • Zip Code 10016
  • Market Manhattan
  • Property Type Office - General Office
  • Property Size 1,021,821 Sqft
  • Lot Size 1.9 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1906
  • Date Updated 20 Jan, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Availability

Suite Name Space Type Lease Rate Space Available
12th Floor General Office Contact for pricing 25,000 Sqft
  • Suite 12th Floor
  • Space Type General Office
  • Total Space Available 25,000 Sqft
  • Floor 12 to 12
  • Divisible Space No
  • Min Divisible 25,000 Sqft
  • Max Contiguous 25,000 Sqft
  • Lease Rate Contact for pricing
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

501(c)(3) organizations only.

Exclusive Brokers

Ben Shapiro Is this you?

Newmark

(212) 372-2421

Tim Gibson Is this you?

Newmark

(212) 372-2455

John Cilmi Is this you?

Newmark

(212) 372-2115

13th Floor General Office Contact for pricing 25,000 Sqft
  • Suite 13th Floor
  • Space Type General Office
  • Total Space Available 25,000 Sqft
  • Floor 13 to 13
  • Divisible Space No
  • Min Divisible 25,000 Sqft
  • Max Contiguous 25,000 Sqft
  • Lease Rate Contact for pricing
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

501(c)(3) organizations only.

Exclusive Brokers

Ben Shapiro Is this you?

Newmark

(212) 372-2421

Tim Gibson Is this you?

Newmark

(212) 372-2455

John Cilmi Is this you?

Newmark

(212) 372-2115

FREQUENTLY ASKED QUESTIONS

How many office spaces are available at 198 Madison Avenue?

There are currently 2 office spaces in this building.

What is the largest space available at 198 Madison Avenue?

Currently, the largest rentable space at 198 Madison Avenue totals 25,000 square feet.

What is the total square footage of 198 Madison Avenue?

198 Madison Avenue totals 1,021,821 square feet.

When was this property built?

198 Madison Avenue was built in 1906.

Murray Hill Demographics

The average household income in zip code 10016 is $179,160, from a total of 29,200 households. In terms of employment, there are 97.45 % white-collar and 2.55 % blue-collar jobs in zip code 10016.

Population

  • Total Population25,990
  • Male Population(47.8 %) 12,415
  • Female Population(52.2 %) 13,574
  • Median Age36.00

Income/Financial

  • Average Household Income$172,280
  • Median Household Income$128,836
  • Median Income Under 25$90,985
  • Median Income 25-44$152,506
  • Median Income 45-64$137,006
  • Median Income Over 65$68,926

Leasing Contacts Register now to add listings

Ben Shapiro Is this you?

Newmark

(212) 372-2421

Tim Gibson Is this you?

Newmark

(212) 372-2455

John Cilmi Is this you?

Newmark

(212) 372-2115