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

Class A office building with a major capital improvement program and about 12,400 SF near Grand Central Terminal.

Property Size12,400 SF
Days on Market717

Property Features for 90 Park Ave

General Information

Standard status Active
Size 12,400 SF
Class A
Property subtype OFFICE

Additional Details

Public Transit Yes
Listing Agency: Vornado Realty Trust - Corporate
Listed By: Jared Silverman
Source: Moodyscre
Added: Aug 14, 2024 Changed: Jul 30 Last Checked: Jul 30 at 2:35PM

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 a Class A office building positioned at the gateway to the Midtown business district and at the north end of the Murray Hill residential district. The property is within steps of Grand Central Terminal, Bryant Park, and the New York Public Library, with hospitality anchors including Cipriani 42nd Street and the Grand Hyatt Hotel.

Vornado has completed a major capital improvement program to transform the building into a state-of-the-art, Class A asset. The property encompasses approximately 12,400 square feet, supporting a workplace setting for tenants seeking a high-profile, central Midtown address.

With its immediate proximity to major transit and prominent cultural and hospitality destinations, the building can serve a wide range of office users looking for strong Midtown access.

Key Highlights

  • About 12,400 SF Class A office building
  • Major capital improvement program completed to create a state‑of‑the‑art 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 - Class A office building with a major capital improvement program and about 12,400 SF near Grand Central Terminal.
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: About 12,400 SF Class A office building; Major capital improvement program completed to create a state‑of‑the‑art Class A asset; Within steps of Grand Central Terminal
(212) 894-7458 Call to check price and availability
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