515 Madison Avenue: A Prestigious Midtown Manhattan Address
515 Madison Avenue is a prominent office building located in Midtown Manhattan, New York City. Completed in 1990, the building stands 42 stories tall and offers a prime location for businesses seeking a prestigious address. Known for its distinctive architecture and upscale tenant roster, 515 Madison Avenue is a sought-after location for corporate headquarters and financial institutions.
Location and Architecture
Situated on Madison Avenue between 53rd and 54th Streets, 515 Madison Avenue enjoys a central location in the heart of Midtown. This places it within walking distance of major transportation hubs, including Grand Central Terminal and multiple subway lines. The building’s design, characterized by its setbacks and polished granite facade, contributes to the aesthetic appeal of the area. You can find more details about the Midtown Manhattan area on Wikipedia’s Midtown Manhattan page.
Tenants and Occupancy
515 Madison Avenue is home to a diverse mix of tenants, including financial services firms, law offices, and corporate headquarters. The building’s high occupancy rate reflects its desirability among businesses seeking a premier location and Class A office space. The specific tenant roster can change over time, but generally includes well-established companies seeking a prestigious Madison Avenue address.
Amenities and Features
515 Madison Avenue offers a range of amenities designed to meet the needs of its tenants. These may include 24/7 security, on-site management, high-speed internet access, and modern elevator systems. The building also typically features a lobby with high-end finishes and common areas designed for comfort and convenience. Furthermore, its location provides easy access to numerous restaurants, shops, and hotels.
Investing in 515 Madison Avenue
Given its prime location and reputation, 515 Madison Avenue has historically been an attractive investment property. Ownership may have changed hands over time, reflecting the dynamics of the New York City real estate market. The building’s value is influenced by factors such as market rents, occupancy rates, and overall economic conditions.
Frequently Asked Questions
What type of businesses are typically located at 515 Madison Avenue?
515 Madison Avenue typically houses financial services firms, law offices, and corporate headquarters.
Where is 515 Madison Avenue located?
The building is located on Madison Avenue between 53rd and 54th Streets in Midtown Manhattan, New York City.
What are the key amenities offered at 515 Madison Avenue?
Common amenities include 24/7 security, on-site management, high-speed internet access, and modern elevator systems.
Is 515 Madison Avenue a good location for my business?
It depends on your business needs. If you are looking for a prestigious address in a central Midtown location with Class A office space, it’s a strong consideration.
When was 515 Madison Avenue built?
515 Madison Avenue was completed in 1990.
Summary
515 Madison Avenue is a distinguished office tower in Midtown Manhattan, offering a prime location, modern amenities, and a prestigious address for businesses. Its central location, upscale tenant roster, and architectural design make it a highly desirable commercial property in New York City.
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