420 Lexington Avenue Office Rental Guide 2023
420 Lexington Avenue Office Rental Guide 2023
420 Lexington Avenue Office Rental Guide 2023 examines why this ever-popular location is an intelligent choice for NYC businesses:
♦ Ultra- accessible location: Entrance inside of Grand Central Terminal
♦ Class A quality building, amenities and technology
♦ Large inventory of efficient pre-built offices in all sizes ready for immediate occupancy
♦ Affordable pricing and a superior value among comparably priced office buildings
♦ New Tenant-only conference center
♦ High density of nearby restaurants, hotels, and services.
♦ Owned and professionally managed by SL Green, New York City’s largest office building company
For additional information contact: Cogent Realty Advisors, (212) 509-4049.
Pre-built Offices Ready for Immediate Occupancy
420 Lexington Avenue (aka the Graybar Building) offers Tenants:
- High quality pre-built offices
- Efficient layouts
- High window-to-floor-area ratio
- Most suites are equipped with stainless steel pantries, operable windows and Tenant-controlled air conditioning.
Contact Cogent Realty Advisors, (212) 509-4049.
Prebuilt suite, 1,455 RSF
Prebuilt suite, 1,776 RSF
Prebuilt suite, 2,445 RSF
Prebuilt suite, 2,445 RSF
Prebuilt suite, 3,593 RSF
Prebuilt suite, 4,850 RSF
Prebuilt suite, 6,189 RSF
Prebuilt suite, 10,025 RSF
Office Rental Pricing at 420 Lexington Avenue
The asking rents for pre-built office suites at 420 Lexington Avenue range from $62.00 to $67.00 per rentable square foot (PSF) depending on the location in the building. Offices on floors with better light and views are more expensive. In response to the slackening of demand due to Covid-19, the Landlord is offering more flexible terms and leasing incentives. Call for information: (212) 509-4049.
| Published Rent | 1,500 RSF Office | 2,750 RSF Office | 5,000 RSF Office |
|---|---|---|---|
| Mid Rise floors @ $62.00 PSF |
$7,750 per month $93,000 per year
|
$14,208 per month $170,500 per year
|
$25,833 per month $310,000 per year
|
| Upper floors @ $67.00 PSF |
$8,375 per month $100,500 per year
|
$15,354 per month $184,250 per year
|
$27,916 per month $335,000 per year
|
Additional office overhead costs include electricity which is fixed at $3.50 PSF and annual rent and real estate tax increases.
Your Corporate HQ at 420 Lexington Avenue
Lobby
♦ Class A office building constructed in 1927 and continually modernized
♦ 1,513,673 RSF total building area with 50,042 RSF floors and 30 stories tall
♦ 24- hour, 7- day access, uniformed lobby concierge, CCTV security and turn-style access cards for Tenants
Visitor Center
♦ New Visitor Center for guest registration
♦ 32 passenger and two freight elevators
♦ 300 plus professional companies from diverse industries provide an incredible opportunity for networking
♦ Telecom providers include Verizon, Cogent, Lightpath, Broadview Networks, Lightower and TimeWarner Cable
♦ Wirescore Platinum and LEED Gold
♦ New York, NY 10170
Graybar 19 Conference Center
- Reception and lounge
- Meeting rooms and collaborative spaces
- 6 conference rooms
- Boardroom
- Outdoor terrace
- Self-service pantry
The Grand Central Neighborhood
420 Lexington Avenue is part of Grand Central Terminal and has the 4, 5, 6, 7 and Subway lines; M101, M102, M103, M1, M2, M3, M4, Q32 and M42 buses; Metro North Railroad, and LIRR.
Use this directory to find Grand Central Terminal (GCT) stores and restaurants. GCT has numerous shopping, fine dining and drinking options including a casual lower concourse food court. For take-out, a perennial favorite is the gourmet shops at Grand Central Market. Equinox Fitness Club is adjacent to the lobby of 420 Lexington Avenue. The Grand Hyatt Hotel sits on top of the terminal, and there are several other hotels in close proximity. Here’s a link to popular restaurants near GCT.
Finding the Perfect Office Space is a Big Decision
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