653 Madison Avenue, Manhattan
Commercial · built 1951 · Block 1375, Lot 21.
Building permits
- New Building — High-Rise, filed Nov 18, 2024, 126 units, 75 stories, early work permitted while the building plans are in review, described as “Full demolition of an existing 24 story office building. The site is to be redeveloped as a commercial mixed use 75 story Class I-A Commercial building.”
- Alteration, filed May 22, 2026, estimated cost $5K, described as “Use of Knuckleboom for SOE and foundation construction. This application is filed in conjunction with NB M01139026-I1”
- Alteration, filed May 22, 2026, estimated cost $5K, described as “Use of telehandler for SOE and foundation construction. This application is filed in conjunction with NB M01139026-I1”
- Alteration, filed Nov 26, 2025, estimated cost $75K, described as “New 2-hr fire rated, c.f.s. Wall, from 2ND floor to 19TH fl, to replace ex. Weakened masonry wall.”
- Alteration, filed Feb 27, 2025, estimated cost $10K, described as “Equipment use: single 6000 # capacity personnel/material hoist during bldg demo, filed sep. Hoist shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application submitted…”
- Alteration, filed Feb 27, 2025, estimated cost $5K, described as “Temporary hoist run-back structure during bldg demo, filed separately. Run-back structure shall comply with chapter #33 of the NYC building code. No change in use, occupancy or egress under this application. Hoist & elevator applications…”
- Alteration, filed Feb 19, 2025, 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 Feb 19, 2025, estimated cost $13K, described as “Engineered Enclosure System at north exterior of building for adjoining property protection”
- Alteration, filed Feb 10, 2025, estimated cost $25K, described as “Demolition of 1-story setback for future temp hoist installation including partial demolition of roof slab @ 2nd floor of 1-story setback”
- Alteration, filed Feb 10, 2025, estimated cost $25K, described as “Demolition of rooftop mechanical units and support dunnage including water tank. Excludes elevators and elevator bulkheads (elevators shall be maintained during this phase)”
- Alteration, filed Feb 10, 2025, estimated cost $25K, described as “Prior to start of structural full demolition, the curtain wall glass will be removed by hand for the upper ten (10) stories: the working floor, below the working floor and eight additional floors below this.”
- Alteration, filed Jan 10, 2025, estimated cost $40K, described as “Site-Specific Engineered Enclosure System (SSEES)”
- Alteration, filed Jan 7, 2025, estimated cost $1K, described as “Temporary roof protection at adjoining properties during bldg demolition, filed sep. Roof protection shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Dec 20, 2024, estimated cost $40K, described as “Installation of an air pressurized standpipe system during entire building demolition as per plans submitted herewith, no change in use, egress or occupancy group.”
- Alteration, filed Dec 17, 2024, estimated cost $3K, described as “Temporary pipe scaffold as per drawings. Pipe scaffold shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Nov 20, 2024, estimated cost $2K, described as “Construction fence as per drawings during building demolition, filed separately. Construction fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Nov 20, 2024, estimated cost $3K, described as “Heavy duty sidewalk shed during building demolition filed sep under application # M01089781. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Nov 11, 2024, estimated cost $250K, described as “Interior Removals of non-structural elements. No change in egress, occupancy or use”
- Alteration, filed Nov 11, 2024, estimated cost $250K, described as “Mechanical Equipment Use for transporting debris associated with Interior Removals”
- Demolition, filed Aug 16, 2024, estimated cost $4.0M, described as “Full demolition of 24 story structure using hand held and mechanical means to assist.”
- Alteration, filed Apr 12, 2023, estimated cost $75K, described as “Interior modifications to remove a chair lift, and a communicating stair. No change to use egress or occupacy required.”
- Alteration, filed Mar 29, 2022, estimated cost $10K, described as “Removal of existing raised flooring system, ramp railings and 2x2 ceiling tiles. no removal of walls or doors. No change to use, egress or occupancy.”
- Alteration, filed Mar 29, 2022, estimated cost $30K, described as “Removal of existing computer room AC units and associated components.”
- Alteration, filed Mar 28, 2022, estimated cost $5K, described as “Conversion of existing pre-action sprinkler system to wet pipe sprinkler system.”
- Alteration, filed Feb 11, 2022, estimated cost $540, described as “Erect non-illuminated accessory business wall sign over storefront. Sign is accessory to st. John's.”
8 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $50,661,000
- 2026–27 tax
- $5,443,887
- Market value (city estimate)
- $112,580,000
- Taxable value
- $50,183,324
- Assessed land
- $18,001,800
- Assessed improvements
- $32,659,200
Zoning
C5-3: floor area ratio 18.12 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
- Oct 10, 2024: $159,433,333
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- 655 Madison Transfer Certification (City Planning 2025M0376): Certification, Completed, filed Dec 8, 2025, decided May 21, 2026. A chair certification seeking to transfer approx. 135,147 sf of unused floor area from a landmark site located at 790 Fifth Avenue (Block 1375, Lot 1) is sought to facilitate a new proposed mixed-use building by the private applicant, 655…
- 655 Madison Avenue Authorizations (City Planning 2025M0265): Authorization, Filed, filed Sep 22, 2025. Two zoning authorizations for a transit improvement bonus and to modify bulk regulations are sought to facilitate a proposed 74-story, 1,162-foot tall mixed-use building by the private applicant, 655 Madison LLC at 655 Madison Avenue in…
- MADISON AVENUE BID EXPANSION (City Planning P2003M0475): Completed. 03DBS008M: ACTION INCLUDES PROVIDING SUPPLEMENTAL SERVICES SUCH AS SANI TATION, SECURITY, MARKETING AND PORMOTIN AND ADMINISTRATION
In the news
Excavation Begins for 1,162-Foot Mixed-Use Supertall at 655 Madison Avenue on Manhattan’s Upper East Side, New York YIMBY, Jul 30, 2026.