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    510 Madison Avenue

    510 Madison Avenue
    New York, NY 10022
    212-265-5900
    Office, Leasing/Rental
    • Address 510 Madison Avenue
    • neighborhood Plaza District
    • borough Manhattan
    • owner entity 53RD ST.AND MADISON TOWER DEV.LL
    • architect Slce Architects
    • PLANS DISCLOSED 04/24/2007
    • dob permit issued 08/24/2007
    • tco issued 10/14/2010
    • DOB FILE PLANS 04/24/2007
    • DOB FILE Link
    • height in feet 368
    • floors 30
    • total units 1
    • square feet 292,663
    • const. status BUILDING COMPLETE
    • block and lot 1-01288-0056
    • BIN 1088582
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 11,500
    notes
    The global alternative investment advisor inked a 5-year lease in Midtown.
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 4,597
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 11,500
    • Price per foot $ 100.00
    notes
    The global investment management organization signed a 10-year lease on the 15th floor, Crain's reported.
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 11,500
    notes
    The hedge fund signed a new, 10-year lease to relocate from 529 Fifth Avenue.
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 6,553
    notes
    The investment firm signed a 10-year lease, the New York Observer reported. The company is relocating from 150 Central Park South.
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 6,000
    • Publication Date 08/01/2011
    • Event Date 06/22/2011
    • Party 1 Boston Properties
    • Party 1 Brokerage CBRE
    • Party 1 Broker Paul Amrich, Kerry Powers
    • Party 2 Thiam Management
    notes
    The financial firm signed a lease for part of the eighth floor.
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 11,500
    notes
    The nonprofit signed a 10-year lease for the entire ninth floor.
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 66,000
    • Publication Date 06/01/2011
    • Event Date 04/22/2011
    • Party 2 SAC Capital
    notes
    The hedge fund signed a lease on the second through sixth floors. The company is moving from 540 Madison Avenue.
    • Event Office Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 11,500
    • Publication Date 03/01/2011
    • Event Date 01/20/2011
    • Party 1 Boston Properties
    • Party 1 Brokerage CBRE
    • Party 1 Broker Paul Amrich
    • Party 2 Senator Investment Group
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Jason Lund
    notes
    The investment firm signed an 11-year lease.
    • Event Sales
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 350,000
    • Price $ 280,500,000
    • Price per foot $ 801.43
    notes
    Boston Properties agreed to purchase the building for $280.5 million. As part of the agreement, Macklowe will serve as project consultant and co-chairman of the marketing and leasing advisory committee. CB Richard Ellis will continue to manage leasing at the property.
    • Event Sales
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 350,000
    • Price $ 170,000,000
    • Price per foot $ 485.71
    • Publication Date 02/01/2010
    • Event Date 12/23/2009
    • Party 1 Union Labor Life Insurance Co.
    • Party 2 SL Green Realty
    notes
    The $185 million in outstanding construction debt sold for about $170 million. Macklowe Properties is developing the tower, which is slated for completion this spring.
    • Event Retail Leasing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 3,300
    notes
    The luxury watch retailer signed a lease to relocate its flagship store. The reported asking rent was $600 per square foot. The tenant is moving from 12 East 57th Street.
    • Event Financing
    • Address 510 Madison Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 350,000
    notes
    A $330 million construction loan was provided for the development. The financing paid off a $120 million predevelopment loan on the project, which had been in default since December 2007. Union Labor Life Insurance Company provided $267 million in primary financing, and Deutsche Bank provided a $63 million junior loan. 30-story office building.

    12/29/2009
    Some brokers said they still avoided buildings such as developer Macklowe Properties' 510 Madison Avenue at 53rd Street because of the uncertainty of ownership (see "Slow-motion death for commercial towers")...
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