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Class-A Office Tower Above Grand Central
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420 Lexington Ave, New York, NY 10170

31-story Class-A office building with direct Grand Central Terminal access, tenant-controlled HVAC, and operable windows.

Property Size8,285 SF
Days on Market112

Property Features for 420 Lexington Ave

General Information

Standard status Active
Size 8,285 SF
Class A
Elevators Yes
Property subtype OFFICE

Additional Details

Space Use Office
Public Transit Yes

Amenities

direct access to Grand Central Terminal
tenant-controlled HVAC
operable windows
Equinox fitness club

Building Details

Year Built 1927
Stories 31
Building Size 1,500,000 SF
Construction Art Deco
Tenancy Multi
Listing Agency: SL Green Realty Corp - Corporate
Listed By: Larry Swiger
Source: Moodyscre
Added: Apr 10 Changed: Jul 29 Last Checked: Jul 29 at 10:18AM

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, also known as the Graybar Building, is a 31-story, Class-A office tower completed in 1927. The building is known for large floor plates and 32-passenger elevator cabs designed to support efficient movement for tenants of different sizes.

The property offers direct access to Grand Central Terminal and connects via the Graybar Passage. The building also includes an on-site Equinox fitness club and features tenant-controlled HVAC and operable windows.

As an integral part of the Terminal City master plan, 420 Lexington is designated as an official NYC Landmark.

Key Highlights

  • 31‑story, 1.5 million‑SF Class‑A office tower at 420 Lexington Avenue (Graybar Building)
  • Direct access to Grand Central Terminal via the Graybar Passage with connections to the Great Hall
  • Tenant‑controlled HVAC and operable windows

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

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

$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
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Frequently Asked Questions

What type of property is this?
Office building - 31-story Class-A office building with direct Grand Central Terminal access, tenant-controlled HVAC, and operable windows.
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 Class‑A office tower at 420 Lexington Avenue (Graybar Building); Direct access to Grand Central Terminal via the Graybar Passage with connections to the Great Hall; Tenant‑controlled HVAC and operable windows
(212) 216-1628 Call to check price and availability
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