Property profile

485 Lexington Ave New York, NY 10017

FOR LEASE
Office buildings
Property ID
US63-2169438
743,789 SF 1.06 ac lot Built 1957
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1957
Total area 743,789 SF
Lot 1.06 ac (46,130 SF)
Zoning code C5-3
APN 01301-0023
UPID US63-2169438

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Consultant
  • Real Estate Agency
  • Financial Advisor
  • Atm
  • Charitable Organization Social Service Agency

Location

485 Lexington Ave New York, NY 10017
New York metro Census 9200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.56M

Owner & transaction history

since 2025
Last sale
$2.5M
7 recorded transactions
2025
$2.5M
2022
Price N/A
2017
Price N/A
2017
Price N/A
2007
$6.1M
2007
Price N/A
2007
$14.1M

Zoning & alternative use

C5-3 · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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