Class-A Office Suite Above
For Lease
Contact for pricing
420 Lexington Ave, New York, NY 10170
Prebuilt office suite in a historic Class-A tower with direct connection to Grand Central Terminal.
Property Size1,471 SF
Days on Market892
Property Features for 420 Lexington Ave
General Information
Standard status
Active
Size
1,471 SF
Class
A
Property subtype
OFFICE
Lease Type
SF/yr
Amenities
Equinox fitness club
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: Feb 19, 2024
Changed: Jul 27
Last Checked: Jul 30 at 12:39PM
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.
This prebuilt office suite is offered within 420 Lexington Avenue, a 31-story, Class-A office tower known as the Graybar Building. Originally constructed in 1927 and recognized as an NYC Landmark, the building features large floor plates and an elevator system designed to support tenant movement throughout the property.
The building sits directly above Grand Central Terminal and is connected through the Graybar Passage, a vaulted Romanesque hall linking Lexington Avenue to the Terminal’s Great Hall. Six Metro-North train platforms lead off from the Graybar Passage, reinforcing the building’s role in daily commuting. An on-site Equinox fitness club is also available for tenants.
The tower underwent a major restoration following long-term lease acquisition, including improvements related to the entrance and storefronts. The suite is presented as a ready-to-occupy, prebuilt unit.
The building sits directly above Grand Central Terminal and is connected through the Graybar Passage, a vaulted Romanesque hall linking Lexington Avenue to the Terminal’s Great Hall. Six Metro-North train platforms lead off from the Graybar Passage, reinforcing the building’s role in daily commuting. An on-site Equinox fitness club is also available for tenants.
The tower underwent a major restoration following long-term lease acquisition, including improvements related to the entrance and storefronts. The suite is presented as a ready-to-occupy, prebuilt unit.
Key Highlights
- 31‑story, 1.5‑million‑SF Class‑A office tower (Graybar Building) on Lexington Avenue at 43rd Street
- Direct connection to Grand Central Terminal via the Graybar Passage, with six Metro‑North platforms leading off
- Originally constructed in 1927 as one of the last Terminal City structures; official NYC Landmark in 2016
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$9.30 /SF/Yr
CAM
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
$52.42 /SF/Yr
Avg Asking Price
$4.17–$240 /SF/Yr
Price Range
5,627 SF
Avg Space Size
This space is priced 18% above the average of $52.42 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Prebuilt office suite in a historic Class-A tower with direct connection to Grand Central Terminal.
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 $62 SF/Yr.
What are key features of this property?
This property features: 31‑story, 1.5‑million‑SF Class‑A office tower (Graybar Building) on Lexington Avenue at 43rd Street; Direct connection to Grand Central Terminal via the Graybar Passage, with six Metro‑North platforms leading off; Originally constructed in 1927 as one of the last Terminal City structures; official NYC Landmark in 2016
