Fifth Avenue Commercial Real Estate for Lease

Grand Central Office Rental on the Northeast corner of 40th- $55 per SF / 6933 SF.

fifth-avenue-commercial-real-estate-for-lease interior-office-area

This listing is for an above standard office with high-end finishes and views of Bryant Park (21st Floor). The office is mostly configured with open work area (25+ people), but is supported by a private offices along the perimeter of one side of the floorplate which also includes a chairman's office at one corner of the space. In addition this commercial space also contains a reception area and pantry room; all of the entire space is serviced by a 4 ton tenant controlled AC.

All units within the building feature upgraded HVAC systems and upgraded wiring. The property itself in which this available space stands is a stunning reflection of a commercial high rise that leaves a dramatic impression on the skyline of midtown Manhattan. Located in the heart midtown Manhattan, this 44-story commercial spire contains approximately 1.25 million square feet of total space.

large-open-office-area employee-work-area

open-office-plan executive-private-office

chairmans-private-corner-office windowed-private-office-in-midtown

side-room-office employee-office-pantry

Available to view at your earliest convenience.

Available Sizes:
6,933 SF - $55 per SF.

Key Features:
- TMostly Open Layout
- 4 Private Offices (One is Chairman's Office)
- Conference Room
- Reception Area
- Pantry with room for Staff Breaks / Seating
- Private Restrooms
- 24/7 Building Access
- Doorman Attended Lobby (24/7)
- Verizon FIOS is available
- Conveniently near Grand Central: MTA Transit Hub; 4, 5, 6, 7 and S (shuttle between Grand Central and Times Square).

Office Floor Plans:

floor-plans-midtown-manhattan-commercial-space-for-rent

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Option #1 Broker Assisted
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Space Location (East 42nd Street)


Neighoborhood Information
Midtown Manhattan, or simply Midtown, represents the middle lengthwise portion of the borough and island of Manhattan in New York City. Midtown is home to some of the city's most iconic buildings, including the Empire State Building, the Chrysler Building, and the headquarters of the United Nations.

Midtown Manhattan is the largest central business district in the United States and ranks among the most intensely used pieces of real estate in the world.

Even as some buildings in the core of Midtown are seeing modest rents, the average asking rent for the market overall rose substantially. In Midtown, the city's premier office market, the average taking rent inked with landlords was $75.73 per square foot. Taking rents are increasing as the high end of the market improves, drawing the overall averages upward, but in older buildings in some areas, rents have stalled. Grand Central and the East Side, they are flat year-over-year. Grand Central [for example] tends to be a value play. The availability rate is up slightly in Midtown due to large new availabilities along the Third Avenue and Park Avenue corridors...

Businesses who call this Neighborhood Home
JP Morgan Chase & Co
Pwc
Pfizer, Inc.
Davis Polk & Wardwell LLP
Simpson Thacher & Bartlett LLP
Societe Generale
Mount Sinai
Bloomberg LP
Dreyfus Service Corporation
Gibson, Dunn & Crutcher LLP
Winston & Strawn LLP
J. Walter Thompson
Guggenheim Partners LLC
Major League Baseball Properties, Inc
McDermott Will & Emery
A&E Television Networks
Aegis Media Americas, Inc.
Voya Financial, Inc
Moses & Singer, LLP
Gerson Lehrman
WPIX, Inc.
Rodale Press
Warburg Pincus, LLC.

Nearby
The Westin New York Grand Central (212 East 42nd Street)
Fotzpatrick Grand Central (141 East 44th Street)
Hotel Boutique at Grand Central (447 Lexington Avenue)
Club Quarters Hotel, Grand Central (128 East 45th Street)

Noteable Buildings in the Area
220 East 42nd Street
501 Fifth Avenue
551 Fifth Avenue
420 Lexington Avenue
274 fifth avenue
275 fifth avenue
286 fifth avenue
315 fifth avenue
299 Park Avenue
345 Park Avenue
666 Third Avenue
711 Third Avenue

Transit
S 4 5 6 7 at Grand Central 0.2 miles
B D F M 7 at 5th Avenue 0.3 miles
6 at 33rd Street 0.3 miles
B D F M N Q R at 34th St-Herald Square 0.5 miles
PATH at 33rd Street Station 0.5 miles

To the Airport
JFK Airport: 60 minutes by cab with no traffic
Laguardia Airport: 45 minutes by cab with no traffic
Times Square: 5 minutes by subway
Wall Street / Financial District: 1 minutes by subway

 

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