650 Madison Avenue | 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

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...

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...

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...

08/18/14
...From left: 650 Madison Avenue and 150 East 42nd Street A Japanese firm that unloaded its New York City trophy...

06/06/14
...the Helmsley Park Lane Hotel for $660 million and 650 Madison Avenue for $1.3 billion. In the case of a merger, the Post's sources say Khimji would...

05/21/14
...Highgate Holdings and JPMorgan Asset Management to snag 650 Madison Avenue, between 59th and 60th streets, for $1.3 billion in another mega-purchase driven by an expectation...

04/29/14
...650 Madison Avenue (Inset: Arthur Zeckendorf and Michael Bloomberg) Bloomberg Philanthropies reportedly signed a lease for 25,000 square...

03/18/14
...Park Lane Hotel at 36 Central Park South and 650 Madison Avenue for $1.3 billion. The neighborhood has several trendy hotels, including the 330-unit Standard High Line...

02/26/14
...per-square-foot basis. The current record is held by 650 Madison Avenue, which sold for $2,235 per square foot last year. Dow Chemical currently leases a 5,698-square-foot...

02/04/14
...the trophy 27-story office and retail tower at 650 Madison Avenue last year for $1.3 billion. They acquired it from Carlyle...

02/04/14
...volume reflects transactions with institutional investors, such as 650 Madison Avenue, which traded for $1.3 billion. -- Julie Strickland...

01/09/14
...the Time Warner Center, Stephen Ross of Related, 650 Madison Avenue and Vornado's Steven Roth From the January issue: Increased availability of debt and an...

01/08/14
...one of first leases since Crown, Highgate bought 650 Madison Avenue 6. Oregon-based Will Leather Goods inks first New York lease in Nolita 7. TAG Associates relocating...

01/06/14
...Rockefeller Plaza. Crown Acquisitions and Highgate Holdings bought 650 Madison Avenue, between 59th and 60th streets, from private equity giant the Carlyle Group in a...

11/05/13
...the 27-story, 600,427-square-foot office and retail tower at 650 Madison Avenue and the $277.5 million it paid for a 92.5 percent interest in a 57,500-square-foot retail and...

09/08/13
...have sold the Sony Building for $1.1 billion and 650 Madison Avenue for $1.3 billion, along with a slew of only slightly smaller trophy properties. And with...

07/11/13
...From left: 650 Madison Avenue, 425 Lexington Avenue and 499 Park Avenue The Manhattan investment sales market was “a tale of...

07/11/13
...650 Madison Avenue and Haim Chera From the July issue: Records are set — and broken — all the...

07/10/13
...per square foot. Meanwhile, an office tower at 650 Madison Avenue recently went into contract to Crown Acquisitions for $1.3 billion, or more than $2,000 a foot...
  • 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
  • Publication Date 04/01/2008
  • Event Date 02/21/2008
  • Party 1 Hiro Real Estate
  • Party 1 Brokerage JPMorgan Chase
  • Party 1 Broker John Kenyon
  • Party 2 Ashkenazy Acquisition Corp.
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...
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