540 MADISON AVENUE
BBL 1012900056 · Class O4 · Built 1971 · 37 floors · 43 units · DW 540 MADISON, LLC
540 MADISON AVENUE is a property in New York City zoned C5-3. The C5-3 classification is Commercial C5-3. The structure was built in 1971. It has 37 floors. The building contains 272,532 square feet. Built FAR is 21.71 of 10 maximum allowed. Assessed value is $62,076,600. Last sold for $310,300,888 in July 2019. Located in Council District 4.
You can build 188K sf as-of-right. The lot uses 145% of it today.
Governing use: commercial at FAR 15.00 on a 12,552 sqft lot. As-of-right means no rezoning, no variance — figures from PLUTO; verify with a zoning attorney before you underwrite.
The envelope, itemized
Every time the city discussed this parcel
No development cases on file for this parcel
When a ULURP, BSA, or landmark application touches this lot, it appears here with its full hearing trail.
Ownership chain
4 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| Jul 2, 2019 | DEED | $310,300,888 | 540 LAND PARTNERS LLC→DW 540 MADISON, LLC |
| Aug 20, 2008 | DEED | $52,600,000 | 540 INVESTMENT LAND COMPANY LLC→540 LAND PARTNERS LLC |
| Jan 2, 2002 | DEED | — | 540 INVESTMENT LANDCOMPANY INC.→540 INVESTMENT LANDCOMPANY LLC |
| Dec 31, 1971 | DEED | — | LEDERER REALTY INC.→VIRGO ASSOCIATES |