Building Details

Year Built 1927

Year Renovated 1988

Stories 31

Building Size 1,500,000 SF

Construction Art Deco

Spaces For Lease

at 420 Lexington Ave Contact us

The Graybar Bldg

Floor

3

Size

1,545 SF

Type

OFFICE

Rate

Contact for pricing

Lease Type

GROSS

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. - Move-in condition

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Listing Agency: SL Green Realty Corp - Corporate Show Phone

Listed By: Larry Swiger Show Phone

Source: Moodyscre

Added: Jan 27, 2023 Changed: Sep 4 Last Checked: Sep 14 at 5:45AM

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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, Art Deco office tower known as the Graybar Building, originally constructed in 1927. The building was completed as part of the “Terminal City” master plan and was later designated an NYC Landmark in 2016. Interiors feature ornamental details including polychromed ceilings and decorative bronze and tilework.

The property connects seamlessly to Grand Central Terminal through the Graybar Passage, a Romanesque hall with vaulted ceilings and bronze chandeliers. A central nave includes a large mural by Edward Trumbull, and six Metro-North train platforms lead off from the Graybar Passage. Large floor plates and 32-passenger elevator cabs support tenant movement throughout the building.

Tenants have access to an on-site Equinox fitness club, and the building is presented in move-in condition.

Key Highlights

• 31‑story Art Deco Graybar Building originally constructed in 1927
• Direct connection to Grand Central Terminal via the Graybar Passage
• Graybar Passage includes Romanesque vaulted ceilings and bronze chandeliers

Property Analytics

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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

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Frequently Asked Questions

What type of property is this?

Office building - 31-story Art Deco office tower with direct indoor connection 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 Art Deco Graybar Building originally constructed in 1927; Direct connection to Grand Central Terminal via the Graybar Passage; Graybar Passage includes Romanesque vaulted ceilings and bronze chandeliers