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Whitebox Office Floor with Terrace
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485 Lexington Ave, New York, NY 10017

Full floor is currently whiteboxed and includes a south-side terrace near Grand Central Terminal access.

Property Size44,545 SF
Days on Market1235

Property Features for 485 Lexington Ave

General Information

Standard status Active
Size 44,545 SF
Total Parking Spaces 100
Property subtype OFFICE

Additional Details

Condition Whitebox
Public Transit Yes

Amenities

extended HVAC hours
100-car on-site parking garage
Bright Horizons
Form 50 Fitness
tenant-exclusive primary care medical practice
useable terrace

Building Details

Year Built 1956
Year Renovated 2007
Stories 32
Construction curtain wall
Listing Agency: SL Green Realty Corp - Corporate
Listed By: David M. Kaufman · License #10311204338
Source: Moodyscre
Added: Mar 16, 2023 Changed: Jul 30 Last Checked: Jul 31 at 5:34AM

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.

485 Lexington Avenue is a mid-century international-style office building completed in 1956 and renovated in 2007 by Vidaris, Inc. Designed by Emery Roth & Sons, the building occupies a full block front along Lexington Avenue and rises 32 stories above 46th and 47th Streets.

The property is steps away from the northern access to Grand Central Terminal, providing access to subway, bus, Metro-North, and train lines. Building amenities include extended HVAC hours and an on-site parking garage with capacity for 100 cars. Newer building amenities include Bright Horizons, Form 50 Fitness, and a tenant-exclusive primary care medical practice.

The currently available full floor is whiteboxed. Ownership can provide either TIA or a new building installation. The floor also features a useable terrace on the south side.

Key Highlights

  • Steps away from the northern access to Grand Central Terminal with subway, bus, Metro‑North, and train lines
  • Full floor is currently whiteboxed; ownership can provide TIA or new building installation
  • Useable terrace on the south side of the floor

Property Analytics

Current Use

Perricone Law Consultant BayBridge Real Estate ... Real Estate Agency Gold Bullion International ... Financial Advisor Citibank ATM Atm Center on Addiction Charitable Organization

Suggested Use

Top Pick Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Buffet 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

70,743
Businesses Nearby

Demographics for 10017, NY

17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Full floor is currently whiteboxed and includes a south-side terrace near Grand Central Terminal access.
Where is this office building located?
The property is located at 485 Lexington Ave New York, NY.
What are key features of this property?
This property features: Steps away from the northern access to Grand Central Terminal with subway, bus, Metro‑North, and train lines; Full floor is currently whiteboxed; ownership can provide TIA or new building installation; Useable terrace on the south side of the floor
(212) 356-4104 Call to check price and availability
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