550 Madison Avenue | The Real Deal New York

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550 Madison Avenue

550 Madison Avenue
New York, NY 10022
212-984-8184
Residential, Sales, Condo (Building), Multifamily

The sponsor(s) filed plans on 12/08/14 for a condo project at 550 Madison Avenue with 113 residential units. The sponsor(s) were approved to market the units for sale on 10/14/15.

  • Address 550 Madison Avenue
  • neighborhood Plaza District
  • borough Manhattan
  • owner Chelsfield Group
  • developer Chelsfield Group
  • owner entity OAC 550 OWNER LLC
  • architect Adamson Associates Architects
  • PLANS DISCLOSED 12/07/2017
  • DOB FILE PLANS 12/07/2017
  • DOB FILE Link
  • height in feet 648
  • floors 37
  • total units 99
  • square feet 656,211
  • const. status JOB FILED
  • block and lot 1-01291-0010
  • BIN 1035769

08/01/18
...550 Madison Avenue The Landmarks Preservation Commission designated the exterior of 550 Madison Avenue a landmark. “This is...

07/21/18
...Westwood Realty Associates’ Steven Vegh explained. Prime Grill 550 Madison Avenue Ask an industry pro where to go for the best kosher steak, and before...

06/12/18
...a $300 million redevelopment of the Sony Building at 550 Madison Avenue  and teamed with LBA Realty to buy three Queens development sites for $72 million...

04/12/18
...Clockwise from top left: 550 Madison Avenue,60 Wall Street and the Time Warner Center In 2016, Pfizer embarked on a daunting task...

04/05/18
...Rechler and a rendering of the redevelopment of 550 Madison Avenue (Credit: DBOX) RXR Realty has joined the local arm of Saudi Arabia’s Olayan...

03/27/18
...Group's $1.4 billion plan for the Sony Building at 550 Madison Avenue. This story was updated to include comment from Assa Properties...

01/16/18
...Preservationists aren't happy that only the exterior of 550 Madison Avenue is eligible for landmark status. The Landmarks Preservation Commission is considering making the Philip...

12/22/17
...its $1.4 billion purchase of the Sony Building at 550 Madison Avenue in 2016. “It’s probably the beginning of new situations that may come up for...

12/13/17
...Clockwise from top left: 550 Madison Avenue, 245 Park Avenue and 60 Wall Street According to this week’s market reports, tax reform...

...its $1.4 billion purchase of the Sony Building at 550 Madison Avenue in 2016. “It’s probably the beginning of new situations that may come up for...

11/28/17
...voted on Tuesday to put the building at 550 Madison Avenue on its calendar, 6sqft reported. The 37-story building, designed by Philip Johnson and completed...

10/09/17
...Clockwise from top left: 550 Madison Avenue, 245 Park Avenue and 60 Wall Street “When in Rome” appears to have gotten lost in...

10/08/17
...Kendall Square in Cambridge and the Big Apple's 550 Madison Avenue have in common? In the last five years, each of these office buildings made...

10/08/17
...Investments Center, left, One Kendall Square, back, and 550 Madison Avenue, left, brought in largest resale gains over the past five years. (Joe Mabel, left...

05/26/17
...a plan to convert the office building at 550 Madison Avenue into a 96-unit, $1.9 billion dollar residence. With units that will average just over $1 million...

04/10/17
...the condo conversion of the Sony Building at 550 Madison Avenue and 287 Park Avenue South. Others are in limbo, including a ground-up condo project at...

...developer decided to abandon a condo conversion at 550 Madison Avenue. Those liens, according to a spokesperson for Stern, were resolved promptly. In some cases...

03/25/17
...Johnson is best known for the Seagram Building, 550 Madison Avenue, the Lipstick Building, and the David H. Koch Theater at Lincoln Center. But the...

03/16/17
...and Joseph Chetrit bought the Sony Building at 550 Madison Avenue for $1.1. billion and announced plans to convert the top floors into condos. They were...

02/24/17
...convert the upper floors of the tower at 550 Madison Avenue into a $1.9 billion condo project, but Olayan will maintain it as an office property...

02/10/17
...paid $1.1 billion for the former Sony headquarters at 550 Madison Avenue with the intention of converting it to condos. Instead, they sold the building for...

01/31/17
...the Related Companies, bought the Sony Building at 550 Madison Avenue for $1.4 billion. Now, some voiced concern that Trump’s policies and anti-immigrant rhetoric could...

01/23/17
...Across the street is the Sony Building at 550 Madison Avenue, which Olayan Group and Chelsfield acquired for $1.4 billion, or $1,647 per square foot, last year...

12/30/16
...April, the developer sold the Sony Building at 550 Madison Avenue to the Olayan Group for $1.4 billion...

12/29/16
...Olayan, RXR Realty's Scott Rechler, CalPERS' Marcie Frost, 550 Madison Avenue, 787 Seventh Avenue and 388-390 Greenwich Street Manhattan skyscrapers remain the ultimate savings account for...
  • Event Financing
  • Address 550 Madison Avenue
  • Neighborhood Central Midtown
  • Borough Manhattan
  • Square feet 37
  • Price $ 570,000,000
  • Publication Date 01/01/2017
  • Event Date 11/17/2016
  • Party 1 ING Capital, Bank of East New York, Credit Agricole, Societe General, Nataxis Real Estate Capital
  • Party 2 Olayan America
notes
The company secured a $570 million refinance loan to replace its short-term bridge loan.
  • Event Sales
  • Address 550 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 852,830
  • Price $ 1,400,000,000
  • Price per foot $ 1,641.59
notes
The Sony building sold for $1.4 billion.
  • Event Financing
  • Address 550 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 852,830
  • Price $ 570,000,000
  • Publication Date 07/01/2016
  • Event Date 05/15/2016
  • Party 1 Olayan Group
  • Party 2 ING Capital
notes
The company secured a $570 million acquisition loan.

12/31/15
...History Channel building in the Bronx, Donald Trump, 550 Madison Avenue and The Real Deal's April issue New York City has, for quite some time...

12/28/15
...drop in 2015. A rendering of 550 Madison by DBOX 550 Madison Avenue Though the building itself isn’t new, Robert A.M. Stern brings 550 Madison Avenue...

...the conversion of the former Sony building at 550 Madison Avenue into luxury condos, said banks are being very selective about backing deals. “There’s...

...million penthouse at the former Sony building at 550 Madison Avenue, and a possible $175 million listing at 220 Central Park South.  To be sure, there is...

03/14/14
...the Chetrit Group’s acquisition and repositioning of 550 Madison Avenue. “Last year was our first year doing mortgage brokerage,” Robert Verrone, principal with the...

...acquisition and repositioning of the Sony Building at 550 Madison Avenue. It also did a $498 million loan for Milstein Properties’ refinancing of 335 Madison Avenue, which...