340 Madison Avenue, Manhattan
Commercial · built c. 1922 · Block 1278, Lot 14.
Building permits
- Alteration, filed Sep 25, 2026, described as “Installation of a suspended scaffold for Facade Inspection and repair as per plan submitted. No change to egress or occupancy.”
- Alteration, filed Sep 16, 2026, estimated cost $170K, described as “Modification to existing HVAC system as per plans filed herewith. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 16, 2026, estimated cost $35K, described as “Modification to existing Sprinkler system and plumbing fixtures as per plans filed herewith. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 15, 2026, estimated cost $1.0M, described as “Removal and installation of interior non bearing partitions and related finishes as per plans filed herewith. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 15, 2026, estimated cost $750, described as “Sign tag as non-illuminted blade sign @madison ave elevation for the logo of j press”
- Alteration, filed Aug 27, 2026, estimated cost $490K, described as “General construction modifications taking place on the facade as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Aug 17, 2026, estimated cost $10K, described as “Installation of 300 psf sidewalk shed as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed May 29, 2026, estimated cost $35K, described as “General construction modifications taking place on the 3rd floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed May 20, 2026, estimated cost $314K, described as “General construction modifications taking place on the 1ST floor lobby as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Apr 28, 2026, estimated cost $1.1M, described as “General construction modifications taking place on the 9, 19, 20, 21 floors as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Apr 20, 2026, estimated cost $450K, described as “General construction modifications taking place on the 22nd floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Feb 18, 2026, estimated cost $132K, described as “General construction modifications taking place on the 21st floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Nov 4, 2025, estimated cost $65K, described as “Mechanical modifications taking place on the 9,19,20th floors as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Nov 4, 2025, estimated cost $8K, described as “Plumbing modifications taking place on the 9, 19, 20 th floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Nov 4, 2025, estimated cost $365K, described as “General construction modifications taking place on the 9, 19, 20th floors as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Nov 4, 2025, estimated cost $43K, described as “Sprinkler modifications taking place on the 9,19,20th floors as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Oct 18, 2025, described as “Facade inspections”
- Alteration, filed Jul 24, 2024, estimated cost $17K, described as “Mechanical modifications taking place on the 12th floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Jul 24, 2024, estimated cost $8K, described as “Sprinkler modifications taking place on the 12th floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Jul 24, 2024, estimated cost $48K, described as “General construction modifications taking place on the 12 floor as per plans filed herewith. No change in use, egress or occupancy”
- No Work, filed Jun 14, 2024, described as “Speaker and seated audience with food and drink tables”
- Alteration, filed Jul 27, 2023, estimated cost $11K, described as “Standpipe modifications taking place on the 2nd floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Jul 17, 2023, estimated cost $21K, described as “Sprinkler modifications taking place on the 2nd floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Jul 17, 2023, estimated cost $15K, described as “Plumbing modifications taking place on the 2nd floor as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Jul 12, 2023, estimated cost $218K, described as “General construction & structural modifications taking place on the 19th & 20th floors as per plans filed herewith. No change in use, egress or occupancy”
68 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $136,017,900
- 2026–27 tax
- $14,194,523
- Market value (city estimate)
- $302,262,000
- Taxable value
- $136,017,900
- Assessed land
- $21,104,550
- Assessed improvements
- $114,913,350
Zoning
C5-3 (part of the lot is C5-2.5): floor area ratio 17.17 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Mar 13, 2025: $161,274,400
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Change to an earlier grant (Board of Standards and Appeals 337-03-BZII): Change to an earlier grant, Granted, filed Sep 1, 2005, decided Jan 24, 2006. Reopening for an amendment to a previously approved variance which permitted the enlargement of the 21-story office, retail and church building. The applicant is requesting a proposed modifications of plans. The site is located in a C5-3…
- Variance or special permit (Board of Standards and Appeals 337-03-BZ): Variance or special permit, Granted, filed Oct 31, 2003, decided Mar 23, 2004. Variance (§72-21) to permit the proposed enlargement of an existing 21-story office, retail and church building with irregular E-shaped floor plates, will require variances to modify the Special Street Wall requirement of the Grand Central…
- Appeal (Board of Standards and Appeals 41-03-A): Appeal, Granted, filed Jan 31, 2003, decided Apr 8, 2003. An application for the Modification of Certificate of Occupancy Number 116571, to reflect only lot 14, and to eliminate reference to, and metes and bounds of lots 15 and 17 in Block 1278.
- Greater East Midtown - Special Subdistrict (City Planning P2016M0316): Completed, decided Aug 15, 2017. This is an application by NYC Department of City Planning requesting a text amendment to establish the East Midtown Subdistrict and extend the Special Midtown District, and to rezone a half-block area from C5-2 to C5-3 to reinforce the…
- 342 MADISON AVE, 71-105 E42ND ST (City Planning P2006M0040): Completed, decided Mar 9, 2006. CERT TO PERMIT THE TRANSFER OF DEV RIGHTS FROM GRAND CENTRAL*TERMINAL TO 342 MADISON AVE
- 342 MADISON AVE, GRAND CENTRAL TERMINAL (City Planning P2001M0200): Completed, decided Aug 26, 2003. CERT TO TRANSFER UP TO APPROX 35,535SF OF UNUSED DEVELOPMENT*RIGHTS FROM GRAND CENTRAL TERMINAL IN ORDER TO ENLARGE THE*EXISTING OFFICE BLDG