295 Madison Avenue NY NY: An In-Depth Dive into the Renowned Landmark

Introduction

295 Madison Avenue NY NY stands as an iconic skyscraper in the heart of Manhattan, renowned for its architectural brilliance and prime location. This article delves into the captivating history, architectural features, amenities, and surrounding neighborhood of this extraordinary property, providing a comprehensive overview of its significance and appeal.

Historical Significance

The construction of 295 Madison Avenue NY NY commenced in 1962 and was completed in 1964. Designed by the renowned architectural firm Emery Roth & Sons, the building was initially known as the CBS Building, housing the headquarters of Columbia Broadcasting System (CBS). In 2007, it was acquired by Brookfield Properties and underwent extensive renovations, transforming into a modern and luxurious office tower.

Architectural Features

295 Madison Avenue NY NY boasts an impressive height of 38 stories, spanning approximately 540,000 square feet of office space. Its exterior is characterized by a striking glass façade with a distinctive trapezoidal shape, providing panoramic views of the surrounding cityscape. The building's sleek lines and modern aesthetics have earned it widespread recognition as a architectural masterpiece.

Floor Plans and Amenities

The floor plans of 295 Madison Avenue NY NY are designed to maximize natural light and efficiency. Each floor offers approximately 27,000 square feet of contiguous space, providing ample room for a variety of office configurations. The building is equipped with state-of-the-art amenities, including:

• 24/7 secure access
• Dedicated elevators
• High-speed internet connectivity
• Advanced HVAC systems
• On-site fitness center
• Conference rooms and meeting spaces

Neighborhood and Location

295 Madison Avenue NY NY is situated in the vibrant neighborhood of NoMad (North of Madison Square Park), known for its upscale boutiques, trendy restaurants, and historic brownstones. The building is within walking distance of numerous subway lines, providing convenient access to all parts of Manhattan.

Accessibility and Transportation

• Subway lines: 6, N, Q, R, W within a 5-minute walk
• Buses: M1, M2, M3, M4, M5, M7, M34-SBS, M34A-SBS, M101, M102, M103
• Grand Central Terminal: 10 minutes away
• Penn Station: 15 minutes away

Market Analysis

The office market in Midtown Manhattan continues to exhibit strong demand, driven by factors such as:

• Economic growth
• Job creation
• Technological advancements

As of Q2 2023, the average asking rent for office space in Midtown Manhattan was $85 per square foot, with a vacancy rate of 10.2%. The market is expected to remain competitive, with new developments and renovations contributing to the overall supply of office space.

Investment Opportunity

295 Madison Avenue NY NY presents an exceptional investment opportunity for both domestic and international investors. The building's prime location, high-end amenities, and strong rental demand make it an attractive asset in the long term. According to CBRE's 2023 Market Outlook report, the demand for office space in Midtown Manhattan is projected to grow by 3% annually over the next five years.

Key Investment Highlights

• Class A office building in a prime location
• Long-term leases with creditworthy tenants
• Stable cash flow
• High potential for rental growth
• Strong market fundamentals

Comparative Analysis

To provide a comprehensive comparison of 295 Madison Avenue NY NY with other notable office buildings in the area, we have compiled the following table:

Conclusion

295 Madison Avenue NY NY stands as a beacon of architectural brilliance and a testament to the enduring appeal of Midtown Manhattan. Its prime location, high-end amenities, and strong rental demand make it a highly desirable investment opportunity for discerning investors. Whether you are a business seeking a prestigious address or an investor seeking a lucrative asset, 295 Madison Avenue NY NY is a compelling choice that will continue to deliver value over the long term.

Tables

Table 1: Historical Timeline of 295 Madison Avenue NY NY

Table 2: Floor Plan and Amenity Summary

Table 3: Neighborhood and Accessibility Highlights

Table 4: Market and Investment Data