261 Madison Avenue | TRD Research
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261 Madison Avenue

261 Madison Avenue
New York, NY 10016
Office, Leasing/Rental
  • Address 261 Madison Avenue
  • neighborhood Garment District
  • borough Manhattan
  • owner entity 260-261 MADISON AVE L
  • floors 28
  • Year Built 1954
  • commercial units 38
  • total units 38
  • square feet 383,934
  • block and lot 1-00868-0025
  • BIN 1017231
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,648
notes
The brokerage signed a deal to renew and expand its lease for the Garment District space.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 24,408
notes
The camera manufacturer inked a 6-year lease for the Garment District space.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 17,296
notes
The drug company signed a lease for the Garment District location.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,648
notes
The IT solutions provider signed a lease for the Garment District space.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 45,000
  • Publication Date 07/30/2018
  • Event Date 07/30/2018
  • Party 1 Sapir Organization
  • Party 2 Knotel
notes
The flexible office company inked a lease for the Garment District location.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 11,284
notes
The pharma-tech firm renewed its lease for office space on the 23rd and 24th floors of the 28-story office building|with the asking rent of $75 per square foot.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 34,080
  • Publication Date 10/30/2017
  • Event Date 10/24/2017
  • Party 1 Sapir Organization
  • Party 2 USI Insurance Services
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker David Itzkowitz, Jack Keesser
notes
The insurance firm, a longtime subtenant of the building, inked a lease with the owner of the 28-story building.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 28,000
notes
The bank signed a new lease for 18,000 square feet of office space and 10,000 square feet of retail space, Real Estate Weekly reported.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 11,056
  • Publication Date 08/01/2011
  • Event Date 06/22/2011
  • Party 1 GL Trade Americas, SunGard Financial Systems
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Joseph Harkins, Barry Lewen
  • Party 2 Sigma7 Design Group
notes
The architectural and engineering firm signed a 6.5-year sublease.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 10,761
  • Publication Date 04/01/2011
  • Event Date 02/20/2011
  • Party 1 GL Trade Americas
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Joseph Harkins, Barry Lewen
  • Party 2 Bond Street Group
notes
The consulting and staffing firm signed a seven-year sublease on the seventh floor.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 24,300
  • Publication Date 03/01/2009
  • Event Date 01/20/2009
  • Party 1 Sapir Organization
  • Party 1 Brokerage In-house
  • Party 2 United Staffing Systems
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Chris Mongeluzo
notes
The employment firm signed a 10-year lease renewal for the entire second floor.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 47,514
notes
The health insurance and retirement fund provider renewed its lease and took additional space for a 15-year term.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,648
notes
The pharmaceuticals and chemicals manufacturer inked a lease for 10 years and three months to occupy the entire 28th floor.
  • Event Retail Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,556
notes
The office products chain signed a 10-year lease for another location.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 4,876
  • Publication Date 06/01/2007
  • Event Date 04/22/2007
  • Party 1 Sapir Organization
  • Party 2 Crowley Tar
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Richard Kramer, Ken Kronstadt
notes
The chemical supplier inked a four-year lease renewal for space on the 14th floor of the 28-story, 385,000-square-foot building.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 135,000
notes
The niche magazine publisher, which currently occupies 200,000 square feet in six Manhattan locations, is consolidated and eliminated 60,000 square feet of space. Alex Sapir, the newly appointed president of his family's firm, reportedly negotiated the transaction and released Primedia from leases at 260 and 261 Madison Avenue for 33,000 square feet and 40,000 square feet, respectively, to facilitate the consolidation. Primedia's other offices are located at 745 Fifth Avenue, 200 Madison Avenue, 1440 Broadway, and 249 West 17th Street.
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 10,333
notes
French IT firm doubles space; 10-year lease

11/06/2017
Clockwise from left: 250 West 57th Street, 1 Liberty Plaza and 135 Madison Avenue There was a noticeable slowdown in office leasing activity in October. Clockwise from left: 250 West 57th Street, 1 Liberty Plaza and 135 Madison Avenue There was a noticeable slowdown in office leasing activity in October....