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285 Madison Avenue

285 Madison Avenue
New York, NY 10017
(212) 308-0700
Website
Office, Leasing/Rental

This 26-story, 530,000-square-foot office building is located one block from Grand Central Terminal and Bryant Park in Midtown. Aby Rosen's RFR Holdings, along with Green Oak Real Estate, paid $190 million in 2012 for the former Young & Rubicam tower, located between East 40th and East 41st Street. RFR invested a further $65 million in a gut renovation of the property. It is represented for leasing by a team from CBRE including Stephen Eynon.

The building was the scene of a horrific elevator crash that killed an office worker in 2011. Still, the accident didn't impede the sale, which beat speculation that it would be priced around $150 million, and Rosen said he's confident that leasing wouldn't be affected, either. RFR considered but ultimately rejected a plan to convert the building into hotel space.

  • Address 285 Madison Avenue
  • neighborhood Midtown
  • borough Manhattan
  • owner RFR Holding
  • owner entity RF 285 MADISON PARTNE
  • sales/marketing RFR Realty, AJ Camhi
  • Year Built 1926
  • square feet 530,000
  • block and lot 1-01275-0023
  • BIN 1035318
  • Event Office Leasing
  • Address 279 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,603
notes
The tenant inked a lease for the Grand Central space.
  • Event Office Leasing
  • Address 279 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 6,609
notes
The tenant inked a lease for the Grand Central location.
  • Event Financing
  • Address 285 Madison Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 407,127
  • Price $ 275,000,000
  • Publication Date 11/13/2017
  • Event Date 11/09/2017
  • Party 1 RFR Holding
  • Party 2 Natixis Real Estate
notes
The real estate firm secured a $275 million loan for the 28-story office tower.
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 23,500
notes
The financial technology company inked a lease for the penthouse office space.
  • Event Retail Leasing
  • Address 285 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,984
  • Publication Date 05/01/2017
  • Event Date 03/17/2017
  • Party 1 RFR Realty
  • Party 1 Brokerage MSC Retail
  • Party 1 Broker Jordan Claffey
  • Party 2 Honeygrow
  • Party 2 Brokerage MSC Retail
  • Party 2 Broker Douglas Green, Casey Pollock
notes
Honeygrow, a Philadelphia-based stir fry and salad restaurant, has signed a 10-year lease.
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 200,000
notes
The fashion apparel retailer signed an office lease.
  • Event Financing
  • Address 285 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 530,000
  • Price $ 200,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 RFR Holding
  • Party 2 Aareal Capital Corporation, Goldman Sachs
notes
The company secured a $200 million loan for its office building.
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 14,732
notes
The skin care company will move from 601 West 26th Street.
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 43,000
notes
The financial services company signed a 16-year lease on the 15th and 16th floors.
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 23,000
notes
The capital markets investment management firm signed a lease.
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 18,242
notes
The data management company signed a lease.
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 14,875
notes
The literary agency that represents Malcolm Gladwell and William Buckley, Jr. signed an 11 year lease.
  • Event Retail Leasing
  • Address 285 Madison Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 3,500
  • Price per foot $ 450.00
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 3,553
  • Publication Date 09/01/2015
  • Event Date 07/23/2015
  • Party 1 RFR Holding
  • Party 1 Brokerage RFR Holding
  • Party 1 Broker Jodan Claffey
  • Party 2 Tenant Popular Community Bank
  • Party 2 Brokerage Augenbaum Realty
  • Event Retail Leasing
  • Address 285 Madison Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 3,553
  • Event Office Leasing
  • Address 285 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 18,242
  • Event Retail leasing
  • Address 285 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1,038