285 Madison
New York, NY
Address:
285 Madison Ave
Market:
New York City - Manhattan
Building Size:
511,000
Asset Class:
Office
Date Acquired:
April 2025
Status:
Operating
Property Description
285 Madison is a 511,000-square foot office property primely located in Midtown Manhattan just one block from Grand Central Terminal. Ocean West acquired the property in 2025 through a UCC foreclosure, where Ocean West served as advisor to the mezzanine lender, whose loan was in maturity default. Ocean West will strategically invest additional capital to build upon the property’s recent renovation, where over $80 million was invested to fully modernize the building and enhance the amenities, which includes a rooftop deck and event space, conferencing center, and onsite gym.