Building Details

Year Built 1927

Stories 31

Building Size 1,500,000 SF

Construction Art Deco

Spaces For Lease

at 420 Lexington Ave Contact us

The Graybar Building

Floor

23

Size

2,478 SF

Type

OFFICE

Rate

Contact for pricing

Availability

AVAILABLE, Now

Sublease

No

- Located on Lexington Avenue at 43rd Street directly above Grand Central Terminal,... 420 Lexington Avenue offers superior, Class-A office space in the heart of Manhattan, making it one of New York City’s most sought-after addresses. The 31-story, 1.5 million-square-foot tower, also known as the Graybar Building, was originally constructed in 1927 by the architectural firm Sloan & Robertson. It is a stellar example of Art Deco style and was once among the largest office buildings in the world. Today, its large floor plates and 32-passenger elevator cabs facilitate seamless movement throughout the building for tenants of all sizes. Tenants also enjoy the convenience and luxury of an on-site Equinox fitness club and direct access to Grand Central Terminal. - Completed in 1927 as one of the last structures of “Terminal City,” 1654the master plan for the area surrounding Grand Central Terminal, 420 Lexington is a defining piece of architecture. A mélange of Babylonian and Byzantine motifs, the building’s severely cubist setback massing is enlivened by relief sculptures, tile and metalwork, including figures that flank the monumental entries bearing the symbols of the four elements of earth, water, air and fire. Interiors include elaborately polychromed ceilings and ornamental bronze grills, doors and fixtures as well as wall and floor mosaics. A fanciful touch is the metal rats that adorn the ship cable-like struts of the main entrance, a detailed architect John Sloane intended to strike a “maritime note” in keeping with Grand Central’s significance as a transportation hub. - The building seamlessly merges into Grand Central Terminal via the Graybar Passage, a beautifully proportioned Romanesque hall of vaulted ceilings and bronze chandeliers that connects Lexington Avenue with the Terminals’ luminous Great Hall. A central nave is adorned with a large mural by the artist Edward Trumbull, also responsible for the murals that adorn the lobby of the adjacent Chrysler Building. Six Metro-North train platforms lead off from the Graybar Passage, making the building integral to commuting in the city. - 420 Lexington was originally named after a major early tenant, the Graybar Electric Company, a communications and telephone firm who listed the building as their corporate headquarters from 1927 to 1982. SL Green acquired a long-term operating lease on the building in 1988 and initiated a major restoration of the structure by the architectural firm of Beyer Blinder Belle, which included construction of a new entrance canopy and storefronts. A superb realization of aesthetics, technology, modern amenities, services and systems, joined to one of the greatest locations in New York City, the Graybar Building was made an official NYC Landmark in 2016. - Direct access to Grand Central Terminal - Tenant-controlled HVAC - Operable windows - Equinox fitness club in building

show more

Contact us

Listing Agency: SL Green Realty Corp - Corporate Show Phone

Listed By: Larry Swiger Show Phone

Source: Moodyscre

Added: Apr 10 Changed: Aug 8 Last Checked: Sep 13 at 10:15AM

Report an Issue

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, 1.5 million-square-foot Art Deco office tower constructed in 1927 by Sloan & Robertson. The building was completed as part of “Terminal City” and was later designated an official NYC Landmark in 2016.

The building integrates directly with Grand Central Terminal through the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers connecting Lexington Avenue to the Terminal’s Great Hall. A central nave includes a mural by Edward Trumbull, and six Metro-North train platforms lead off from the Graybar Passage.

Tenant amenities and systems include an Equinox fitness club on site, tenant-controlled HVAC, and operable windows, supporting flexible day-to-day occupancy for a range of office sizes.

Key Highlights

• 31‑story, 1.5 million‑square‑foot office tower (Graybar Building) constructed in 1927
• Direct connection to Grand Central Terminal via the Graybar Passage with vaulted ceilings
• 6 Metro‑North train platforms lead off from the Graybar Passage

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open 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 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

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

$54.08 /SF/Yr

Avg Asking Price

$37–$79 /SF/Yr

Price Range

36,348 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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties What are key features of this property?

Similar For Rent Nearby

Two-Room Office Unit

7 Chatham Square, New York, NY 10038

$2,300/Mo

361 sqft

View details

Full-Floor Office Unit

148 W 24th Street, New York, NY 10011

$15,000/Mo

5,000 sqft

View details

Second-Floor Creative Space

113 Ludlow St., New York, NY 10002

$6,800/Mo

800 sqft

View details

Office Tower Penthouse Suites

110 E 59th St Floor 22, New York, NY 10022

$1,500/Mo

40,000 sqft

View details

Medical Office Condo with Exam Rooms

198 Canal St 303, New York, NY 10013

$6,500/Mo

1,847 sqft

View details

Renovated Loft Creative Space

494 LaGuardia Place, New York, NY 10012

$3,650/Mo

450 sqft

View details

Fully Vented Restaurant Kitchen Space

185 Orchard St, New York, NY 10002

$4,198/Mo

4,198 sqft

View details

Renovated Second-Floor Office Unit

2r-359 Saint Nicholas Ave, New York, NY 10026

$3,000/Mo

1,087 sqft

View details

Medical Office Suite with Exam Rooms

139 Centre St 506, New York, NY 10013

$4,700/Mo

1,023 sqft

View details

Full-Floor Loft Office

20 E 49th St-OFFICE- 3RD FLR Office, New York, NY 10017

$10,388/Mo

2,500 sqft

View details

Ground-Floor Storefront

93 Grand St, New York, NY 10013

$1,200/Mo

1,200 sqft

View details

Built-Out Office Unit

516 W 112 St B, New York, NY 10025

$6,700/Mo

1,766 sqft

View details

Frequently Asked Questions

What type of property is this?

Office building - Tenant-controlled HVAC and operable windows in a 31-story office tower directly connected to Grand Central Terminal.

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‑square‑foot office tower (Graybar Building) constructed in 1927; Direct connection to Grand Central Terminal via the Graybar Passage with vaulted ceilings; 6 Metro‑North train platforms lead off from the Graybar Passage