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    Property profile & analytics

    405 Lexington Ave New York, NY 10174

    • Office Properties & Spaces
    • 37,202 SF
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Beresford Apartments Inc / Apartment Building / Apartments
    • The Orlow Firm / Personal Injury Attorney / Civil Law Attorney
    • Moga Inc / Video Production Service
    • Bressler Emanuel L / Attorney
    • Joseph T. Gulant / Tax Attorney

    Property Details for 405 Lexington Ave

    Property size
    37,202 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This Class A, 37,202 square foot office building at 405 Lexington Ave, New York, NY 10174, offers a variety of executive, coworking, and creative office spaces. Located in the iconic Chrysler Building, this property boasts 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. The building features elevators and underwent renovations in 2019. Tenancy is multiple, catering to businesses of all sizes. Options range from fully furnished private offices for individuals or large companies to customized spaces, disaster recovery solutions, and day offices. Enjoy access to a benefits program including exclusive discounts and procurement support. The building's prime location in Midtown Manhattan provides easy access to Bryant Park and Rockefeller Center. This is an exceptional opportunity to establish your business in one of the world's most recognizable landmarks. The building is situated in New York County and offers spectacular Manhattan views.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9756
    Latitude
    40.7519

    Comparable in this City

    • Value Estimation by Request
      110,898 SF

      405 And 9

      Office space • 110,898 SF
      405 And 9, New York, NY 10174
      View Details
    • Value Estimation by Request
      7,500 SF

      610 Tiffany St

      Distribution properties • 7,500 SF
      610 Tiffany St, New York, NY 10174
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      37,202 SF

      Chrysler Building Office Suites

      Prestigious NYC office space, flexible options.
      405 Lexington Ave, New York, NY 10174
      View Details
    • $2 SF/Yr
      110,898 SF

      Chrysler Building Office Suites

      Iconic NYC workspace, flexible options.
      405 And 9, New York, NY 10174
      View Details
    • Contact for pricing
      1 SF

      Office Space for Rent

      Office property available for rent.
      405 Lexington Ave, New York, NY 10174
      View Details
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    405 Lexington Ave
    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
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