198 Madison Avenue - Office Condominium Sale _Property for Sale

188 Madison Avenue, New York, NY, 10016, US

198 Madison Avenue - Office Condominium Sale

Asset Description

JLL has been retained on an exclusive basis to arrange for the sale of a 166,471 square foot office condo at 198 Madison Avenue. The Property consists of part of the lobby and mezzanine as well as the full 8th through 13th floors which will all be delivered vacant. Built in 1906, 198 Madison Avenue is the former home of the historical B.Altman and Co Department Store and is the entire block front on Madison Avenue between 34th Street and 35th Street.

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Attributes

Building area net

166,471 sf

Year built

1906

Number of floors

Media

Investment Highlights

THE PROPERTY: The opportunity at 198 Madison Avenue is a prime office asset in the heart of Manhattan and is a 166,471 sf commercial condominium, spread across a dedicated lobby, mezzanine and floors 8 through 13.
BUILDING WITHIN A BUILDING: The offering has dedicated building systems, lobby, elevators and staff providing new ownership with control of security, foot traffic, and branding.
EFFICIENT FLOORS WITH LIGHT & AIR: Large floor plates with high ceilings and oversized windows resulting in excellent light and air.
ACCESSIBILITY FOR EMPLOYEES AND CLIENTS: Steps from all major transportation hubs providing an ease of access for employees and allowing tenants to pull from the deepest labor pool. 198 Madison is a 10 Minute Walk from Grand Central Station and New York Penn Station as well as a 6 minute walk to the B D F N Q R W at Herald Square and a 1 minute walk to the 6 Train.
EPICENTER OF MANHATTAN: 198 Madison Avenue has direct access to Manhattan’s CBD, Flatiron/Madison Square Park as well as Chelsea and Midtown East.
FLEXIBLE CONFIGURATION: The condo offering is well suited for single tenant or multi tenant execution, offering immense flexibility for new ownership.
SIGNAGE / BRANDING OPPORTUNITY: The dedicated lobby’s windows afford businesses and institutions the ability to display signage
BRAND EXPERIENCE OR EVENT SPACE: Ground level space is perfect for brand/product experience or events and entertainment.