99 Park Ave New York, NY 10016-1601
This prestigious Class A office building, located at 99 Park Avenue in Murray Hill, New York, NY 10016, offers 500,000 square feet of executive office space within a single, 26-story building. Built in 1953 and extensively renovated in 2005, the property sits on a 25,700 square foot lot. Currently, there are 51,730 square feet of vacant space available for lease, offering multiple tenancy options ranging from 200 to 26,410 square feet. Seven individual office spaces are immediately available. Amenities include a turnstyle-attended lobby, high-speed internet, electricity, utilities, and HVAC. Shared spaces such as a kitchen, secretarial area, and conference room are also available for tenant use. The building features elevators and is conveniently located just two blocks from Grand Central Terminal, providing excellent access to public transportation. Flexible lease terms are available, with options up to three years. This exceptional property presents a unique opportunity to secure prime office space in a highly sought-after Midtown Manhattan location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C5-3 · New York, NYNew York. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.