# 346 Madison Avenue, Manhattan

Commercial · built c. 1915 · Block 1279, Lot 17.

On Umarelli: https://umarelli.org/nyc/1012790017/346-madison-avenue

More construction in Midtown: https://umarelli.org/nyc/manhattan/midtown.md

## Building permits

- New Building — Tower, filed Oct 20, 2026, 20 stories, described as “New building”
- Alteration, filed Aug 10, 2026, estimated cost $150K, described as “Install temporary dry standpipe system with air pressurized alarm system during renovation of the building.”
- Alteration, filed Aug 5, 2026, estimated cost $25K, described as “Glass Wall Demolition”
- Alteration, filed Aug 5, 2026, estimated cost $20K, described as “Debris Chute”
- Alteration, filed Jul 22, 2026, estimated cost $25K, described as “Demolition of rooftop mechanical units (HVAC and MEP) and supporting dunnage, cooling towers, tanks, and sealed skylights.”
- Alteration, filed Jun 18, 2026, estimated cost $25K, described as “Hoist Demo”
- Alteration, filed Jun 17, 2026, estimated cost $2K, described as “Construction fence as per drawings during bldg demolition, filed sep. Construction fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Dot permits by others for fence on…”
- Alteration, filed Jun 17, 2026, estimated cost $100K, described as “Interior demo of non-load bearing partitions, walls, doors, ceiling and finishes as indicated on plans”
- Demolition, filed Jun 17, 2026, estimated cost $3.0M, described as “Full demolition of structure”
- Alteration, filed Aug 29, 2024, estimated cost $150K, described as “Lobby renovaton, storefront replacement as per plans. No change to use or occupancy.”
- No Work, filed Jan 4, 2023, described as “Corporate Event”
- Alteration, filed Jul 2, 2019, described as “Installation of sidewalk shed as per plans. No change in use, egress or occupancy.”

## Property taxes

- Assessment: $31,532,850
- 2026–27 tax: $3,310,317
- Market value (city estimate): $70,073,000
- Taxable value: $30,515,460
- Assessed land: $6,300,000
- Assessed improvements: $25,232,850

## Zoning

C5-3 (part of the lot is C5-2.5): floor area ratio 10.69 built, 15.00 allowed by base zoning.

## Recent sales

- Oct 15, 2025: $85,000,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- 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…

## In the news

[Rendering Reveals Proposed Skyscraper at 346 Madison Avenue, aka 44+Madison, in Midtown East, Manhattan](https://newyorkyimby.com/2025/09/rendering-reveals-proposed-skyscraper-at-346-madison-avenue-aka-44madison-in-midtown-east-manhattan.html), New York YIMBY, Sep 1, 2025.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology