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Midtown Manhattan Office Space
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885 2nd Avenue, New York, NY 10017

Newly enhanced office space in Midtown Manhattan, near Grand Central.

Property Size232,795 SF
Days on Market250

Property Features for 885 2nd Avenue

General Information

Standard status Active
Size 232,795 SF
Property subtype Office
Listing Agency: CBRE | Midtown Manhattan
Listed By: Paul Amrich
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 3:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Midtown Manhattan

Investment Insights

Based on property information with market context.

This office space, located in Midtown Manhattan between Grand Central Terminal and the United Nations headquarters complex, offers a convenient location at the crossroads of the business and diplomatic worlds. The property has been newly enhanced by more than 20 million dollars in capital improvements, providing a distinct arrival experience. The property size is 232795 square feet.

Key Highlights

  • Newly enhanced by more than $20 million in capital improvements.
  • Conveniently located between Grand Central Terminal and the United Nations headquarters.
  • Distinct arrival experience.

Property Analytics

Current Use

Wachtel Missry LLP Law Firm Zaino Michael Law Firm Morris Missry Law Firm Bedell Terrace Apartments ... Apartment Building British Consulate General ... Information Centers

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Buffet Auto Parts Store Pet Grooming Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

58,096
Businesses Nearby

Demographics for 10017, NY

17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value

Market

Lease Benchmarks for New York, NY

$54.13 /SF/Yr
Avg Asking Price
$37–$65 /SF/Yr
Price Range
148,527 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Newly enhanced office space in Midtown Manhattan, near Grand Central.
Where is this office building located?
The property is located at 885 2nd Avenue New York, NY.
What are key features of this property?
This property features: Newly enhanced by more than $20 million in capital improvements.; Conveniently located between Grand Central Terminal and the United Nations headquarters.; Distinct arrival experience.
More about this property
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