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Furnished Office Space with Elevator Access
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420 Lexington Ave, New York, NY 10170

Furnished, move-in office space directly off elevators with five windowed offices, plus conference room, pantry, and bullpen.

Property Size1,344 SF
Days on Market511

Property Features for 420 Lexington Ave

General Information

Standard status Active
Size 1,344 SF
Class A
Elevators Yes
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Space Use Office
Condition Move-in Ready
Private Offices 5
Meeting Rooms 1
Furnished Yes

Additional Details

Public Transit Yes

Amenities

Equinox fitness club
direct access to Grand Central Terminal

Building Details

Year Built 1927
Stories 31
Building Size 1,500,000 SF
Listing Agency: SL Green Realty Corp - Corporate
Listed By: Larry Swiger
Source: Moodyscre
Added: Mar 6, 2025 Changed: Jul 30 Last Checked: Jul 30 at 4:55AM

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 31-story Art Deco office tower known as the Graybar Building, originally constructed in 1927 by Sloan & Robertson. The building operates as an integral part of Grand Central Terminal through the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers connecting Lexington Avenue to the Terminal’s Great Hall, with six Metro-North train platforms leading off from the Passage.

Tenants also have on-site access to an Equinox fitness club and direct connectivity to Grand Central Terminal. The building received official NYC Landmark status in 2016.

This available office space is furnished and in move-in condition, located directly off the elevators. The suite includes five windowed offices, a conference room, pantry, and bullpen area, designed to support day-to-day office operations.

Original building details include the Graybar Electric Company’s corporate headquarters tenure from 1927 to 1982 and a major restoration initiated by SL Green following acquisition of a long-term operating lease in 1988.

Key Highlights

  • Furnished, move‑in condition office space directly off elevators
  • Five windowed offices plus conference room, pantry, and bullpen
  • Graybar Passage connects Lexington Avenue to Grand Central Terminal Great Hall

Property Analytics

Current Use

Law Debenture Business To Business Service Silverman & Sardar LLP Law Firm Younkins & Schecter LLP Law Firm Klein Richard S Law Firm Sternberg Law Firm, ... Law Firm

Suggested Use

Top Pick Pet Grooming Service Butcher Nursing Home Auto Parts Store Buffet Locksmith

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
$10.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

85,433
Businesses Nearby

Demographics for 10170, NY

40
Population
5
Households
8
Avg Household Size
19
Median Age

Market

Lease Benchmarks for New York, NY

$52.42 /SF/Yr
Avg Asking Price
$4.17–$240 /SF/Yr
Price Range
5,627 SF
Avg Space Size

This space is priced 37% above the average of $52.42 /SF/Yr.

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 units - Furnished, move-in office space directly off elevators with five windowed offices, plus conference room, pantry, and bullpen.
Where is this office units located?
The property is located at 420 Lexington Ave New York, NY.
What is the lease rate?
The lease rate is $72 SF/Yr.
What are key features of this property?
This property features: Furnished, move‑in condition office space directly off elevators; Five windowed offices plus conference room, pantry, and bullpen; Graybar Passage connects Lexington Avenue to Grand Central Terminal Great Hall
(212) 216-1628 Call to check price and availability
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