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    122 E 42Nd St New York, NY 10017

    For Lease
    $58 SF/Yr

    54-story office building with 625,000 rentable square feet.

    Property size:
    8,379 SF
    Lot size:
    0.74 Acres

    Property Features for 122 E 42Nd St

    General Information

    Size
    8,379 SF
    Lot size
    0.74 Acres

    Source: Cushman & Wakefield | Midtown Manhattan Agent Bryan Boisi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Space in Landmark Building

    This property features office space within a 54-story structure constructed in 1929. The building offers approximately 625,000 rentable square feet. The available space measures 8,379 square feet.
    Location Intelligence

    Current Use by Public Records

    Vital Learning Corporation Preschool Grenier Humes Nolan ... Attorney Penson GH Co Trucking Company Sauer Richard H Attorney The NHP Foundation Association / Organization

    Suggested Use

    Restaurant Realty agency Hair Salon Spa & Massage Nail Salon Dental Office Food Market Grocery Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9764636
    Latitude
    40.7514411

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    FAQs

    What type of property is this?
    Office building - 54-story office building with 625,000 rentable square feet.
    Where is this office building located?
    The property is located at 122 E 42Nd St New York, NY.
    What is the lease rate?
    The lease rate is $58 SF/Yr.
    What are key features of this property?
    This property features: - 54-story structure; - Approximately 625,000 rentable square feet; - Built in 1929
    (212) 841-7500
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 E 42Nd St New York, NY 10017
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