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Whiteboxed Office Floor with Terrace
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485 Lexington Ave, New York, NY 10017

A full office floor is currently whiteboxed with a useable south-side terrace in a 32-story Midtown building.

Property Size14,206 SF
Days on Market116

Property Features for 485 Lexington Ave

General Information

Standard status Active
Size 14,206 SF
Total Parking Spaces 100
Property subtype OFFICE

Amenities

extended HVAC hours
on-site parking garage
Bright Horizons
Form 50 Fitness
tenant-exclusive primary care medical practice

Building Details

Year Built 1956
Year Renovated 2007
Stories 32
Construction Mid-Century International
Listing Agency: SL Green Realty Corp - Corporate
Listed By: David M. Kaufman · License #10311204338
Source: Moodyscre
Added: Apr 8 Changed: Jul 27 Last Checked: Aug 1 at 5:35AM

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.

485 Lexington Avenue is a 32-story office building on a full block site along Lexington Avenue, completed in 1956 and renovated in 2007. The property includes an efficient base with boutique tower floors, and an on-site parking garage with capacity for 100 cars.

The building is steps away from the northern access to Grand Central Terminal, providing access to subway, bus, Metro-North, and train lines. Tenant amenities referenced in the property materials include extended HVAC hours, along with Bright Horizons, Form 50 Fitness, and a tenant-exclusive primary care medical practice.

The available floor is currently whiteboxed. Ownership can provide either TIA or a new building installation, and the floor includes a useable terrace on the south side.

Key Highlights

  • Full office floor currently whiteboxed in a 32‑story Midtown building
  • Useable terrace on the south side of the floor
  • Building completed in 1956; Mid‑Century International style curtain‑wall structure designed by Emery Roth & Sons

Property Analytics

Current Use

Perricone Law Consultant BayBridge Real Estate ... Real Estate Agency Gold Bullion International ... Financial Advisor Citibank ATM Atm Center on Addiction Charitable Organization

Suggested Use

Top Pick Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Buffet Locksmith 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

70,743
Businesses Nearby

Demographics for 10017, NY

17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value

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

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 units - A full office floor is currently whiteboxed with a useable south-side terrace in a 32-story Midtown building.
Where is this office units located?
The property is located at 485 Lexington Ave New York, NY.
What are key features of this property?
This property features: Full office floor currently whiteboxed in a 32‑story Midtown building; Useable terrace on the south side of the floor; Building completed in 1956; Mid‑Century International style curtain‑wall structure designed by Emery Roth & Sons
(212) 356-4104 Call to check price and availability
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