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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")...