Office Tower with Grand Central
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420 Lexington Ave, New York, NY 10170
31-story Art Deco office tower built in 1927, directly connected to Grand Central Terminal via the Graybar Passage.
Property Size1,029 SF
Days on Market511
Property Features for 420 Lexington Ave
General Information
Standard status
Active
Size
1,029 SF
Class
A
Property subtype
OFFICE
Amenities
fitness center
direct access to Grand Central Terminal
Building Details
Year Built
1927
Stories
31
Construction
Art Deco
Tenancy
Multi
Listing Agency:
SL Green Realty Corp - Corporate
(212) 216-1628
Listed By:
Larry Swiger
Source:
Moodyscre
Added: Mar 6, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:02PM
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 office tower originally constructed in 1927 and designed in an Art Deco style. The building offers large floor plates and features 32-passenger elevator cabs to support tenant movement throughout the property. An on-site Equinox fitness club is included, and the building is recognized as an official NYC Landmark (2016).
The property sits directly above Grand Central Terminal and connects seamlessly through the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers linking Lexington Avenue to the Terminal’s Great Hall. Six Metro-North train platforms lead off from the Graybar Passage, reinforcing the building’s integral role in the commuting experience. The building was acquired via a long-term operating lease by SL Green in 1988, with a major restoration initiated by Beyer Blinder Belle, including construction of a new entrance canopy and storefronts.
The property sits directly above Grand Central Terminal and connects seamlessly through the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers linking Lexington Avenue to the Terminal’s Great Hall. Six Metro-North train platforms lead off from the Graybar Passage, reinforcing the building’s integral role in the commuting experience. The building was acquired via a long-term operating lease by SL Green in 1988, with a major restoration initiated by Beyer Blinder Belle, including construction of a new entrance canopy and storefronts.
Key Highlights
- 31‑story, 1.5 million‑SF Art Deco office tower built in 1927 (Graybar Building)
- Direct connection to Grand Central Terminal via the Graybar Passage, linking Lexington Avenue to the Great Hall
- Graybar Passage provides access to six Metro‑North train platforms
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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 - 31-story Art Deco office tower built in 1927, directly connected to Grand Central Terminal via the Graybar Passage.
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, 1.5 million‑SF Art Deco office tower built in 1927 (Graybar Building); Direct connection to Grand Central Terminal via the Graybar Passage, linking Lexington Avenue to the Great Hall; Graybar Passage provides access to six Metro‑North train platforms
