Office Building with Grand Central
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420 Lexington Ave, New York, NY 10170
Class-A office space in a landmark Art Deco tower with large floor plates and direct connection to Grand Central Terminal.
Property Size2,802 SF
Days on Market511
Property Features for 420 Lexington Ave
General Information
Standard status
Active
Size
2,802 SF
Class
A
Elevators
Yes
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Amenities
fitness center
Building Details
Year Built
1927
Stories
31
Building Size
1,500,000 SF
Construction
Art Deco
Listing Agency:
SL Green Realty Corp - Corporate
(212) 216-1628
Listed By:
Larry Swiger
Source:
Moodyscre
Added: Mar 6, 2025
Changed: Jul 29
Last Checked: Jul 29 at 10:21PM
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 SL Green Realty Corp - Corporate
Investment Insights
Based on property information with market context.
420 Lexington Avenue is a Class-A office tower directly above Grand Central Terminal, offering seamless building movement for tenants through large floor plates and 32-passenger elevator cabs. The property is a 31-story, 1.5 million-square-foot Art Deco building, also known as the Graybar Building, constructed in 1927. It was originally built by the architectural firm Sloan & Robertson and is an official NYC Landmark (2016).
The building connects to Grand Central Terminal via the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers that links Lexington Avenue to the Terminal’s Great Hall. Six Metro-North train platforms lead off from the Graybar Passage, making the building integral to commuting in the city. Tenants also benefit from an on-site Equinox fitness club and convenient direct access to the Terminal.
The building’s design includes elaborately polychromed ceilings, ornamental bronze grills, doors and fixtures, and wall and floor mosaics. It also features extensive decorative elements at the main entries and a restored presence that includes a new entrance canopy and storefronts.
The building connects to Grand Central Terminal via the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers that links Lexington Avenue to the Terminal’s Great Hall. Six Metro-North train platforms lead off from the Graybar Passage, making the building integral to commuting in the city. Tenants also benefit from an on-site Equinox fitness club and convenient direct access to the Terminal.
The building’s design includes elaborately polychromed ceilings, ornamental bronze grills, doors and fixtures, and wall and floor mosaics. It also features extensive decorative elements at the main entries and a restored presence that includes a new entrance canopy and storefronts.
Key Highlights
- 31‑story Art Deco office tower (Graybar Building) built in 1927
- 1.5 million‑square‑foot building with large floor plates
- 32‑passenger elevator cabs for smooth tenant circulation
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
85,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 10170, NY
40
Population
5
Households
8
Avg Household Size
19
Median Age
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
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Frequently Asked Questions
What type of property is this?
Office building - Class-A office space in a landmark Art Deco tower with large floor plates and direct connection to Grand Central Terminal.
Where is this office building located?
The property is located at 420 Lexington Ave New York, NY.
What are key features of this property?
This property features: 31‑story Art Deco office tower (Graybar Building) built in 1927; 1.5 million‑square‑foot building with large floor plates; 32‑passenger elevator cabs for smooth tenant circulation
