For Lease
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Property summary
This exceptional Midtown East property, located at 485 Lexington Avenue in New York County, NY 10017, offers prime executive office space within a 32-story building. The building boasts a total of 20,334 square feet, with currently 1,612 square feet of vacant space available for lease. Multiple tenancy options are available, catering to businesses seeking spaces ranging from 1,612 to 5,096 square feet. The property is classified as both retail and office space, making it suitable for a variety of uses. Its central location in Midtown East provides unparalleled access to iconic landmarks such as the Chrysler Building, Rockefeller Center, and the United Nations Headquarters. The building benefits from excellent public transportation connectivity, with proximity to Grand Central Terminal and numerous subway lines. This prestigious address is situated within a timeless, architecturally significant neighborhood, yet enjoys the tranquility of tree-lined streets known for their upscale residential buildings. The property presents a unique opportunity to establish a presence in one of Manhattan's most desirable and sought-after locations. This is a rare chance to secure office space in a building that combines historical charm with modern convenience and accessibility. The available space is ideal for businesses seeking a high-profile address in the heart of New York City's vibrant business district.
Property profile
VerifiedCap rate & NOI
Current use
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Consultant
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Real Estate Agency
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Financial Advisor
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Atm
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Charitable Organization Social Service Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C5-3 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning