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551 Madison Avenue

551 Madison Avenue
New York, NY 10022
Office, Leasing/Rental
  • Address 551 Madison Avenue
  • neighborhood Plaza District
  • borough Manhattan
  • owner MassMutual Financial Group
  • owner entity LEXIN NY 551 LLC
  • floors 17
  • Year Built 1922
  • commercial units 1
  • total units 1
  • square feet 125,495
  • block and lot 1-01291-0021
  • BIN 1035770
  • Event Office Leasing
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 6,249
  • Publication Date 07/16/2018
  • Event Date 07/13/2018
  • Party 1 Lexin NY 551
  • Party 1 Brokerage Lexin Capital
  • Party 1 Broker Aaron Marcus
  • Party 2 Connect One Bank
  • Party 2 Brokerage Lee & Associates NYC
  • Party 2 Broker Mitchell Kunikoff
notes
The bank inked a lease for the Plaza District location.
  • Event Retail Leasing
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 3,520
  • Price per foot $ 85.00
notes
The fitness studio inked a lease for its second New York location in the Plaza District at $85 per square foot.
  • Event Sales
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 151,000
  • Price $ 155,000,000
notes
The office property was sold for $155 million.
  • Event Financing
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 151,000
  • Price $ 85,000,000
notes
The company secured a $85 million acquisition loan.
  • Event Office Leasing
  • Address 551 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,412
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker James Frederick
  • Party 2 Rothchild Capital Partners
  • Party 2 Brokerage Adams & Company
  • Party 2 Broker Brett Maslin, Brad Cohn
notes
The investment firm signed a 4-year lease on the 12th floor.
  • Event Sales
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 150,000
  • Price $ 128,000,000
  • Price per foot $ 853.33
notes
The property sold for $128 million. The property is 91 percent occupied.
  • Event Sales
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 125,000,000
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 1 LaSalle Investment Management
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan, Paul Gillen
  • Party 2 Brokerage Cornerstone Real Estate Advisers
notes
The boutique office property sold for about $125 million, the New York Post reported.
  • Event Office Leasing
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 3,130
notes
The boutique merchant banking advisory firm signed a lease for the entire 38th floor.
  • Event Office Leasing
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 35,000
  • Publication Date 09/01/2010
  • Event Date 07/23/2010
  • Party 1 LaSalle Investment Management
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Owen Hane, John Fitzsimmons
  • Party 2 Lacoste
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Frank Coco, Don Preate, Jamie Katcher
notes
The apparel retailer signed an office lease renewal and expansion on the 14th through 15th floors as well as part of the 13th floor. Before the expansion, the company occupied 32,000 square feet on the building's fifth and 13th through 15th floors.
  • Event Retail Leasing
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 3,135
  • Publication Date 09/01/2008
  • Event Date 07/23/2008
  • Party 1 LaSalle Investment Management
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Steven Soutendijk, Nancy Madden
  • Party 2 The Walking Company
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Kenneth Hochhauser
notes
The footwear chain inked a 15-year lease for its first Manhattan location. The reported asking rent was $350 per square foot.
  • Event Retail Leasing
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,306
  • Publication Date 05/01/2007
  • Event Date 03/22/2007
  • Party 1 LaSalle Investment Management
  • Party 1 Brokerage RKF
  • Party 1 Broker Robert Futterman, Peggy Whitenack
  • Party 2 Allen Edmonds
  • Party 2 Brokerage RKF
  • Party 2 Broker Robert Draizen, Peggy Whitenack
notes
The shoe store inked a new lease.
  • Event Sales
  • Address 551 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 146,000
  • Price $ 90,000,000
  • Price per foot $ 616.44
  • Publication Date 10/01/2005
  • Event Date 08/22/2005
  • Party 1 CalSTERS
  • Party 1 Brokerage CBRE
  • Party 1 Broker William Shanahan
  • Party 2 Pension Reserves Investment Management Board Massachusetts
  • Party 2 Brokerage LaSalle Investment Management
notes
Sold for $90 million.
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