Class A Office Building with Terminal
For Lease
Contact for pricing
420 Lexington Ave, New York, NY 10170
Move-in ready Class A offices in a 1927 Art Deco tower directly connected to Grand Central Terminal via the Graybar Passage.
Property Size2,481 SF
Days on Market22
Property Features for 420 Lexington Ave
General Information
Standard status
Active
Size
2,481 SF
Property subtype
OFFICE
Listing Agency:
SL Green Realty Corp - Corporate
(212) 216-1628
Listed By:
Larry Swiger
Source:
Moodyscre
Added: Jul 9
Changed: Jul 28
Last Checked: Jul 29 at 4:08PM
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 move-in condition, Class A office building in a 31-story tower originally constructed in 1927. The property is identified as the Graybar Building and features Art Deco architecture with large floor plates and 32-passenger elevator cabs designed to support efficient tenant movement throughout the building.
The building is located directly above Grand Central Terminal and connects to it through the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers linking Lexington Avenue to the Terminal’s Great Hall. The Graybar Passage also provides access to six Metro-North train platforms.
Tenants benefit from on-site amenities including an Equinox fitness club. The Graybar Building was designated an official NYC Landmark in 2016, and it was restored following SL Green’s acquisition of a long-term operating lease in 1988, including a new entrance canopy and storefronts.
The building is located directly above Grand Central Terminal and connects to it through the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers linking Lexington Avenue to the Terminal’s Great Hall. The Graybar Passage also provides access to six Metro-North train platforms.
Tenants benefit from on-site amenities including an Equinox fitness club. The Graybar Building was designated an official NYC Landmark in 2016, and it was restored following SL Green’s acquisition of a long-term operating lease in 1988, including a new entrance canopy and storefronts.
Key Highlights
- 31‑story, 1.5M SF Class‑A office tower at 420 Lexington Avenue (Graybar Building)
- Originally constructed in 1927 by Sloan & Robertson; Art Deco style with historic architectural details
- Direct connection to Grand Central Terminal via the Graybar Passage, with Romanesque vaulted‑ceiling hall and bronze chandeliers
Property Analytics
Current Use
Lease Details
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 - Move-in ready Class A offices in a 1927 Art Deco tower 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, 1.5M SF Class‑A office tower at 420 Lexington Avenue (Graybar Building); Originally constructed in 1927 by Sloan & Robertson; Art Deco style with historic architectural details; Direct connection to Grand Central Terminal via the Graybar Passage, with Romanesque vaulted‑ceiling hall and bronze chandeliers
