625 Madison Avenue | The Real Deal New York

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625 Madison Avenue

625 Madison Avenue
New York, NY 10022
Office, Retail, Leasing/Rental

625 Madison Avenue, also known as The Revlon Building, is a 204-foot high-rise retail and commercial office building in the Plaza District of Midtown, Manhattan. Designed by Sloan and Robertson Architects, it was originally constructed as a 10-story building in 1930, but an additional six stories were added in 1957. The building contains 563,000 square feet of usable space.

SL Green Realty owns a leasehold interest at the building, having acquired it in 2004, and as of Q4 of 2014 collects some $47.1 million in annualized rents. The building currently has 21 tenants. Major tenants include retail giants Neiman Marcus, Swarovski, corporate offices of Polo/Ralph Lauren (340,000-square feet), Baccarat and Fratelli Rossetti. In late 2013, Ashkenazy Acquisition went into contract to buy the ground under 625 Madison for $400 million. SL Green has a lease on the ground that runs until 2054, but is due for a rent reset in 2022.

-WP

  • Year Built 1956
  • square feet 535,344
  • block and lot 1-01294-0046
  • BIN 1036085

01/22/19
...From left: Chrysler Building at 405 Lexington Avenue, 625 Madison Avenue, and Lotte New York Palace Hotel at 455 Madison Avenue (Credit: Pixabay and Google Maps...

11/28/18
...From left: Ashkenazy CEO Ben Ashkenazy, 625 Madison Avenue, and SL Green's Steven Durels (Credit: Adam Pincus (Ashkenazy), SL Green (Durels), and Google...

11/21/18
...square feet. Ralph Lauren will relocate employees from 625 Madison Avenue, 550 Seventh Avenue and several other Midtown locations to the Far West Side building at...

11/06/17
...the land beneath the 17-story office-and-retail building at 625 Madison Avenue, with plans for a ground-up tower — something it’s never done. Sources who’ve...

...the land beneath the 17-story office-and-retail building at 625 Madison Avenue, with plans for a ground-up tower — something it’s never done. Sources who’ve...

06/09/17
...hike its rent for a ground lease at 625 Madison Avenue, since it would be worth tens of millions more based on its value as...

05/31/17
...Green's ground lease at 17-story office building at 625 Madison Avenue would be worth tens of millions more based on its value as a development...

01/24/17
...From left: Marc Holliday, 625 Madison Avenue, Steven Roth and One Penn Plaza Despite rising interest rates, U.S. real estate...

01/03/17
...Marc Holliday and 625 Madison Avenue The site at 625 Madison Avenue may be occupied by a 17-story office tower — but it can be billed as...

01/29/15
...From left: 625 Madison Avenue, 10 East 53rd Street and Marc Holliday SL Green signed leases with Diesel and Swarovski...

...that require patience. It bought the land under 625 Madison Avenue for $400 million. The building is owned by SL Green, which has a lease that...

05/17/14
Tomorrow a temporary but fundamental shift will impact the city’s commercial real estate industry. The center of gravity will shift 2,500 miles west as the...

04/25/14
...District, and Canali, which has a store at 625 Madison Avenue and 25 Broad Street in Lower Manhattan. Other major tenants that are expected to take...

10/02/13
...625 Madison Avenue and Ben Ashkenazy Ashkenazy Acquisitions is in contract to buy the ground under 625 Madison...

08/29/12
...From left: 625 Madison Avenue, 635 Madison Avenue and 598 Madison Avenue (credit: Google Maps) A collection of high-end retailers are...

...major Midtown tenant Polo Ralph Lauren expanded at 625 Madison Avenue, taking over another 63,000 square feet in the building from the departing tenant, real estate...

08/30/11
...year, a similar shop, Macaron Cafe, opened at 625 Madison Avenue at 59th Street. The Madison Avenue building in which Maison Laduree is opening is...

08/30/11
...reported, first at the former Revlon building at 625 Madison Avenue and then at 100 Church Street. Polo Ralph Lauren is expanding its corporate headquarters by...

10/28/10
...picks up 1,500 square feet of retail space at 625 Madison Avenue 2. State Senator Perkins challenges Manhattanville eminent domain ruling with new amicus brief 3. A look...

04/13/09
...its efforts in reducing energy consumption at  625 Madison Avenue.MKDA adds strategic services groupInterior design firm MKDA has launched its strategic services group...

...at 590 Madison Avenue and a 67,000-square-foot space at 625 Madison Avenue. Rumors also abound that Bank of America will begin shopping around its 600,000 square feet...
  • Event Retail Leasing
  • Address 625 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 951
notes
The fresh juice shop signed a 12-year lease.
  • Event Retail Leasing
  • Address 625 Madison Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 4,400
  • Publication Date 03/01/2015
  • Event Date 01/15/2015
  • Party 1 SL Green Realty
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Jeffrey Roseman
  • Party 2 Diesel
  • Party 2 Brokerage JLL
  • Party 2 Broker Bob Gibson
notes
The Italian clothing brand signed a 10-year lease for a new flagship store.
  • Event Sales
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 563,000
  • Price $ 400,000,000
  • Price per foot $ 710.48
notes
The ground lessor's position at the building sold for $400 million. The price represents a going-in yield of 1.15 percent based on contractual ground lease payments through June 2022. The ground lease expires in June 2054.
  • Event Office Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 37,256
  • Publication Date 05/01/2012
  • Event Date 03/22/2012
  • Party 2 Stuart Weitzman
  • Party 2 Brokerage PBS Realty Advisors
  • Party 2 Broker Laura Pomerantz, John Brod
notes
The footwear designer signed a 10-year lease to expand and relocate its corporate headquarters. The company is moving from 50 West 57th Street to the building's third floor, which is located above the retailer's flagship store.
  • Event Office Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 63,000
notes
The fashion house signed an expansion lease for the entire fifth and part of the fourth floors in a three-way transaction involving departing tenant Centerline Capital Group and landlord SL Green. Centerline vacated the space and terminated its lease, which ran until 2017. Ralph Lauren, which had had first rights to the space, inked a direct deal with SL Green. Ralph Lauren was already leasing more than 306,000 square feet in the building.
  • Event Retail Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,500
notes
The Swedish fashion retailer signed a 10-year lease. The reported asking rent was $850 per square foot.
  • Event Retail Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 6,150
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 SL Green Realty
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Jeffrey Roseman
  • Party 2 Lederer de Paris Fifth Avenue
notes
The handbag and accessories retailer signed a 1.five-year lease.
  • Event Retail Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 600
notes
The café signed a 10-year lease.
  • Event Office Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 11,908
  • Publication Date 11/01/2009
  • Event Date 09/22/2009
  • Party 1 SL Green Realty
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Jeffrey Roseman
  • Party 2 Madison Entertainment Associates
notes
The entertainment production company signed a new lease.
  • Event Retail Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,500
notes
The drugstore inked a 13-year lease to expand an existing location.
  • Event Retail Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 741
notes
The jewelry designer signed a 10-year lease for its first New York City retail location.
  • Event Retail Leasing
  • Address 41 East 58th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,414
notes
The drugstore renewed its lease for 15 years.
  • Event Retail Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 5,500
notes
The drugstore inked a 15-year lease renewal.
  • Event Office Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 35,000
  • Price per foot $ 75.00
notes
The fashion company expanded to 349,700 square feet in the building; its lease now runs through 2019. reportedly
  • Event Office Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 23,933
notes
The jewelry company inked a new lease and is relocating from 730 Fifth Avenue.
  • Event Office Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 48,207
notes
Polo Ralph Lauren expands to 234,207 square feet.
  • Event Office Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 87,000
  • Publication Date 04/01/2005
  • Event Date 02/20/2005
  • Party 1 SL Green Realty
  • Party 1 Brokerage SL Green Realty
  • Party 1 Broker Steve Durels
  • Party 2 Related Capital Company
notes
Finacial services firm signs 10-year renewal, 44,000 sf expansion
  • Event Office Leasing
  • Address 625 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 186,000
notes
Space will be used for corporate offices and midtown hub

...that require patience. It bought the land under 625 Madison Avenue for $400 million. The building is owned by SL Green, which has a lease that...

...major Midtown tenant Polo Ralph Lauren expanded at 625 Madison Avenue, taking over another 63,000 square feet in the building from the departing tenant, real estate...