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Class A Office Building
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90 Park Ave, New York, NY 10016

Office building at 90 Park Avenue with completed capital improvements and a Class A transformation.

Property Size5,711 SF
Days on Market1195

Property Features for 90 Park Ave

General Information

Standard status Active
Size 5,711 SF
Class A
Property subtype OFFICE
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Jared Silverman
Source: Moodyscre
Added: Apr 24, 2023 Changed: Jul 28 Last Checked: Jul 30 at 7:41AM

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 Vornado Realty Trust - Corporate

Investment Insights

Based on property information with market context.

90 Park Avenue is an office building presented as a state-of-the-art, Class A asset following a major capital improvement program completed by Vornado.

Located at the gateway to the Midtown business district and at the north end of the Murray Hill residential district, the building is within walking distance of Grand Central Terminal, Bryant Park, and the New York Public Library. Nearby hospitality anchors referenced in the offering include Cipriani 42nd Street and the Grand Hyatt Hotel.

For businesses seeking a centrally positioned Midtown address with recent building upgrades, 90 Park Avenue offers a modern, Class A office environment in a well-established commercial and residential corridor.

Key Highlights

  • Office building at 90 Park Avenue in Midtown, near the north end of the Murray Hill residential district
  • Completed a major capital improvement program to transform the building into a Class A asset
  • Within steps of Grand Central Terminal

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Pet Grooming Service Locksmith Parking Lot & Garage

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

91,796
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
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 - Office building at 90 Park Avenue with completed capital improvements and a Class A transformation.
Where is this office building located?
The property is located at 90 Park Ave New York, NY.
What are key features of this property?
This property features: Office building at 90 Park Avenue in Midtown, near the north end of the Murray Hill residential district; Completed a major capital improvement program to transform the building into a Class A asset; Within steps of Grand Central Terminal
(212) 894-7458 Call to check price and availability
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