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    405 And 9 New York, NY 10174

    For Lease
    $2 SF/Yr

    Iconic NYC workspace, flexible options.

    Lot size:
    110,898 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This prestigious Class A office space, located within the iconic Chrysler Building at 405 Lexington Avenue, New York, NY 10174, offers a variety of flexible options for businesses of all sizes. Spanning four floors (1, 7, 8, and 9), this 110,898 square foot building boasts 350 suites, with a minimum divisible space of 100 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,650 square feet are available. The building underwent renovations in 2019 and features modern amenities including high-speed Wi-Fi and elevators. Enjoy the convenience of a dedicated entrance and exclusive elevator access to your workspace, bathed in natural light. The building's Art Deco lobby provides a stunning first impression, and its prime Midtown East location offers unparalleled access to a vast array of restaurants, shops, services, and entertainment options. The subway is conveniently accessible directly from the building's lobby. This property is ideal for businesses seeking a prestigious address and a collaborative, productive work environment. The space caters to various needs, accommodating traditional office setups, executive offices, coworking arrangements, and creative office designs. This is a unique opportunity to establish your business in one of the world's most recognizable landmarks.

    Property Features for 405 And 9

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,898 SF
    Class
    A
    Total Rate
    21070.62

    Building Details

    Year Renovated
    2019

    Unit(s) available at that property

    Space
    Coworking Non Reserve
    Size
    108 SF
    Rate per SF
    $2

    HighLights

    • Private, fully serviced offices with flexible contracts and 24/7 access.
    • Global coworking membership with flexible contracts and business‑hours access.
    • Dedicated desks in shared spaces, including 24/7 access and a locker, with flexible contracts.
    • On‑demand meeting rooms and event spaces, customizable and fully serviced.
    • Prestigious virtual office solutions with business address, call handling, and mail services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.975502
    Latitude
    40.7516208

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    FAQs

    What type of property is this?
    Office space - Iconic NYC workspace, flexible options.
    Where is this office space located?
    The property is located at 405 And 9 New York, NY.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Private, fully serviced offices with flexible contracts and 24/7 access.; Global coworking membership with flexible contracts and business-hours access.; Dedicated desks in shared spaces, including 24/7 access and a locker, with flexible contracts.
    Request Owner's contact information
    405 And 9 New York, NY 10174
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 And 9 New York, NY 10174
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