650 Madison Avenue | The Real Deal New York

The Real Deal New York

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650 Madison Avenue

650 Madison Avenue
New York, NY 10022
(212) 894-7425
Website
Office, Residential, Leasing/Rental

This 27-story office and retail complex takes up the entire block of Madison Avenue from 59th to 60th Street, with about 523,000 square feet of office space and 71,000 square feet of retail. The office tower is home to the headquarters of Polo Ralph Lauren, with 274,000 square feet, while the retail space includes the 61,400-square-foot Manhattan flagship store of Crate & Barrel, and shoe and leather goods retailer Tods in a 7,900-square-foot space.

Vornado Realty Trust, Oxford Properties Group, Crown Acquisitions, Highgate Hotels and unnamed institutional investors bought the property from The Carlyle Group in October 2013 for $1.29 billion, financing the purchase with a new $800 million seven-year, 4.39% interest-only loan. Vornado, which has a 20.1 percent stake in the venture, co-manages and co-leases the office space with Oxford, and the retail space with Crown.

An eight-story building went up on the site in 1957, with an additional 19 stories added in the office tower in 1987. Carlyle renovated the building in 2012-2013.

-NE

  • Year Built 1957
  • square feet 449,876
  • block and lot 1-01374-0014
  • BIN 1040753

03/05/19
...New York-based operation to a 38,000-square-foot space at 650 Madison Avenue. That's roughly 30 percent more space than it currently has at 38 East 61st Street...

02/14/19
...feet at Vornado Realty Trust and Crown Acquisitions’ 650 Madison Avenue, paying an estimated $7.8 million in an annual rent. The deal also includes 800 square feet...

02/06/19
...East 61st Street into a larger office at 650 Madison Avenue. “We’ve outgrown our space,” President and CEO Kathy Korte told TRD, explaining that...

...East 61st Street into a larger office at 650 Madison Avenue. “We’ve outgrown our space,” President and CEO Kathy Korte told TRD, explaining that...

01/09/19
...East 61st Street, Sotheby's CEO Kathy Korte, and 650 Madison Avenue (Credit: Google Maps, Getty Images, and Vornado) Sotheby's International Realty is set to move...

12/27/18
...left: 1530 Broadway, 609 Fifth Avenue, 6 East 57th Street, and 650 Madison Avenue (Credit: CityRealty, Google Maps, and Vornado) Retail is no longer in a free fall...

11/21/18
...firm will maintain its global corporate headquarters at 650 Madison Avenue. Ralph Lauren had previously occupied at least 100,000 square feet in the iconic building. A...

09/20/18
...Hotel, is partnered with Vornado Realty Trust at 650 Madison Avenue and is an investor in Silverstein Properties’ Silver Towers on West 42nd Street. Larry...

07/23/18
...The firm also occasionally invests in office buildings, 650 Madison Avenue being one of them. These days, there is an abundance of other beleaguered properties...

06/29/18
...looking to sell its 27-story office building at 650 Madison Avenue, which sits between East 59th and 60th streets. Despite its location in one of...

02/27/18
...The firm also occasionally invests in office buildings, 650 Madison Avenue being one of them. These days, there is an abundance of other beleaguered properties...

...The firm also occasionally invests in office buildings, 650 Madison Avenue being one of them. These days, there is an abundance of other beleaguered properties...

...looking to sell its 27-story office building at 650 Madison Avenue, which sits between East 59th and 60th streets. Despite its location in one of...

06/09/17
...at Vornado Realty Trust and Oxford Properties Group's 650 Madison Avenue. Like Soros, Bessent is a well-established political donor, and gave $1 million to President Trump's...

04/03/17
...he signed up for a 12,300-square-foot lease at 650 Madison Avenue.  -- Miriam Hall...

03/28/17
...allowance" when he signed a 12,300-square-foot lease at 650 Madison Avenue. Rents have been on the rise, especially on Fifth Avenue between 49th and 60th...

08/25/16
...the likes of One New York Plaza and 650 Madison Avenue, have revamped their retail to cash in on high rents and drive up the...

...are also investors in Vornado Realty Trust’s 650 Madison Avenue and Silverstein Properties’ Silver Towers, though they rarely get mentioned in connection with those...

...Hotel, is partnered with Vornado Realty Trust at 650 Madison Avenue and is an investor in Silverstein Properties’ Silver Towers on West 42nd Street. Larry...

04/04/16
...the Mobil Building at 150 East 42nd Street and 650 Madison Avenue, is listed as a director of the offshore entity Top Performance Worldwide Limited, the...

03/19/16
...From left: 650 Madison Avenue on the Upper East Side and Haim Chera Records are set — and broken — all...

...for an undisclosed amount) in the office building 650 Madison Avenue. Then in 2014, it paid $700 million in partnership with Crown Acquisitions for the retail condo...

10/09/15
...From left: Haim Chera, 650 Madison Avenue on the Upper East Side and Richard Tayar Keller Williams and broker Richard Tayar...

09/25/15
...From left: 127 East 59th Street and 650 Madison Avenue in Midtown Selling tables, chairs, forks and toasters on the Southeast corner of Central...

06/08/15
...650 Madison Avenue on the Upper East Side Crate & Barrel is closing its flagship, 62,000-square-foot location...
  • Event Office Leasing
  • Address 650 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 10,221
notes
The hedge fund signed a lease.
  • Event Office Leasing
  • Address 650 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 28,047
notes
The fashion house signed a new lease.
  • Event Office Leasing
  • Address 650 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 12,657
notes
The fashion house signed a lease.
  • Event Office Leasing
  • Address 650 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 200,000
notes
The fashion company renewed its lease.
  • Event Sales
  • Address 650 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 600,000
  • Price $ 695,000,000
  • Price per foot $ 1,158.33
notes
The building went into contract for $695 million, or $1,185 per square foot.

...for $2.8 billion in 2008. In 2014, the $1.35 billion sale of 650 Madison Avenue was No. 1. Like many Canadian investors on the New York circuit, Ivanhoe Cambridge, the...

...others to buy the office and retail building 650 Madison Avenue between 60th and 61st streets, along with 450 Park Avenue at 57th Street. The company...

...Group and others in the $1.3 billion sale of 650 Madison Avenue to a joint venture that included Vornado Realty Trust and the hotel-focused investment firm...

...Carlyle Group’s high-profile sale in June of 650 Madison Avenue to Crown Acquisitions and Highgate Holdings for $1.3 billion, or a record per-square-foot price of...

...ColumbiaDoctors, which is leaving about 100,000 square feet at 650 Madison Avenue, would pay more than $200 per square foot to build out the space — on top...