Grand Central Commercial Buildings

By Mitch Waldman

Grand Central Commercial Buildings

Grand Central Commercial Buildings

Grand Central Commercial Buildings

Grand Central commercial buildings 
provide quick access to Grand Central Terminal which contains the 4, 5, 6, 7 and S subway lines; M101, M102, M103, M1, M2, M3, M4, Q32 and M42 buses; Metro North Railroad, and the NYC Airporter. So for most businesses, the rationale for locating in this area is to provide convenient transportation connections to employees and clients. The station itself offers many shopping and fine dining options as well as the lower concourse food court. For an historic perspective link to the New York Transit Museum’s Grand By Design.
 

The focus of this blog is the buildings that contain “Grand Central” in their address. Some like One Grand Central Place and Two Grand Central Tower are adjacent to the terminal. In contrast, Grand Central Plaza is situated on Third Avenue.

Grand Central Commercial Buildings

One Grand Central Place

ONE GRAND CENTRAL PLACE : aka 60 East 42nd Street. 1,239,482 RSF. Class A/4- Star office building constructed in 1930 and recently renovated its owner, Empire State Realty Trust, (NYSE: ESRT). Tenant amenities include visitor, conference and messenger centers, retail arcade, onsite dining and banking. The building offers 24/7 access, a concierge attended lobby, state-of-the-art security and nightly office cleaning.

One Grand Central Place provides immediate availability on pre-built offices from 2,482 RSF to 17,942 RSF with asking rents starting at $55.00 PSF. Sample layouts are shown below. Furniture is not included. 

 

Grand Central Commercial Buildings

Pre-built 2,428 RSF

 
 
 
 
 
 

 

 

 

Grand Central Commercial Buildings

Pre-built
3,588 RSF

 

 

 

 

 

 

 

 

 

Grand Central Commercial Buildings

Pre-built 4,518 RSF

 

 

 

 

 

 

 

 

Grand Central Commercial Buildings

Pre-built
8,268 RSF

 

 

 

 

 

 

 

 

 

2 Grand Central Tower

2 Grand Central Tower

2 GRAND CENTRAL TOWER: aka 140 East 45th Street. 700,000 RSF. Class A/5- Star modern office building constructed in 1983 and renovated in 2013. Dramatic double-height lobby. 24/7 access, concierge attended lobby, advance life/safety/security systems. LEED certified Silver level. Energy Star label 2013 for its operating efficiency. Tenants include financial firms, technology and legal services. 

2 Grand Central Tower offers pre-built and build-to-suit offices from 3,752 RSF RSF to 16,500 RSF full floors with asking rents starting at $62.00 PSF. 

 

Pre-built 3,152 RSF

Pre-built 3,152 RSF

 

 

 

 

 

 

  

 

Pre-built 5,862 RSF

Pre-built 5,862 RSF

 

 

 

 

 

 

 

  

Build-to-Suit 9,753 RSF

Build-to-Suit 9,753 RSF

 

 

 

 

 

 

Grand Central Plaza Photo courtesy of Costar

Grand Central Plaza
Photo courtesy of Costar

GRAND CENTRAL PLAZA: aka 622 Third Avenue (located between 40th and 41st Street). 1,050,845 SF Class A/4-Star modern office building constructed in 1973 and renovated in 2000.  Recently redesigned lobby and outdoor courtyard. 24/7 access, concierge attended lobby. 24/7 access and concierge attended lobby, State-of-the-art security and fire emergency systems.  

Grand Central Plaza offers pre-built and build-to-suit offices (or a cash contribution for Tenant managed construction). Units range in size from 3,859 RSF to a block of 31,997 RSF full floors. Asking rents starting at $60.00 PSF. 

 

  

Pre-built 3,859 RSF

Pre-built 3,859 RSF

 

 

 

 

 

 

Pre-built 4,941 RSF

Pre-built 4,941 RSF

 

 

 

 

 

Build-to-Suit 13,279 RSF

Build-to-Suit 13,279 RSF

 

  

 

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Build-to-Suit 31,997 RSF

Build-to-Suit 31,997 RSF

  

BEST STRATEGY FOR LEASING AN OFFICE IN A GRAND CENTRAL COMMERCIAL BUILDING

Cogent Realty Advisors has provided NO FEE Tenant Representation  to New York businesses for over 15 years. By utilizing our extensive commercial office database and an established network of professional contacts we will find a high quality Grand Central office that satisfies all of your requirements. Contact Mitchell Waldman today: (212) 509-4049.

 

 

Posted in Grand Central Station