383 Madison Avenue
in New York, United StatesCategory: Attraction
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Madison Av & East 46 Street, New York, NY 10017, USA Print route »
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383 Madison Avenue is an office building owned and occupied by JP Morgan Chase in New York City on a full block bound by Madison Avenue and Vanderbilt Avenue between East 46th and 47th Streets. Formerly known as the Bear Stearns Building, it housed the world headquarters of the now-defunct Bear Stearns from the building's completion until Bear's collapse and sale to JPMorgan Chase in 2008. The building now houses the New York offices for J.P. Morgan's investment banking division, which formerly occupied 277 Park Avenue. Both 383 Madison and 277 Park are adjacent to JPMorgan Chase's world headquarters at 270 Park Avenue. The building changed hands in 2008 during JP Morgan's takeover of Bear Stearns. On their second-quarter 2008 conference call, JP Morgan estimated the building's value at $1.1 to $1.4 billion.A night time photograph of the building taken at a steep angle from its base appears on the cover of William D. Cohan's book, House of Cards: A Tale of Hubris and Wretched Excess on Wall Street (2009).
