|Address:||11 West 42nd Street||Class:||B|
|Cross Streets:||42nd & 43rd Streets||Size:||955,559 SF|
|Year built:||1927||Architect:||York and Sawyer|
The office building at 11 West 42nd Street in Midtown Manhattan was completed back in 1927. Boasting a design by York and Sawyer, the building was originally known as the Salmon Tower, after its developer, Walter J. Salmon Sr. The 11 West 42nd Street tower benefits from an excellent location in the prestigious Plaza District, and is currently home to various high-profile office tenants in industries like fashion, architecture and design, and financial services.
955,559 KSF of Class B Midtown Office Space
The 11 West 42nd Street property offers 955,559 square feet of Class B Plaza District office space across 32 stories. The office tower boasts an H-shape design, which offers more offices access to natural light, and features 8 corner offices per floor. Floor plates range in size from 1,200 to 38,000 square feet.
Amenities at 11 West 42nd Street include 24,7 tenant access, on-site security and management, an ornate lobby and a terrazzo floor, and ground-floor retail space. In 1980, building owner Tishman Speyer worked alongside Silverstein Properties to undertake a $25 million renovation of the building, bringing it to modern standards.
Getting to and from 11 West 42nd Street
The office tower at 11 West 42nd Street is conveniently located across the street from Bryant Park and the New York Public Library’s main branch. Located in the heart of Midtown Manhattan, the building offers access to a variety of public transportation options, including the B, D, F and M trains at Bryant Park. Those working in the building can also access the options at Times Square and Grand Central, which are both just a few blocks away, serving the 4, 5, 6, 7, N, R, and Q trains, as well as Amtrak and Metro North lines.
Who is renting office space at 11 West 42nd Street?
11 West 42nd Street is home to various big-ticket tenants in industries like finance, management, architecture and design, education and fashion. Notable tenants on the building’s roster include KPF, Michael Kors, Valentino, Tishman Speyer, Mets Clubhouse, NYU School of Professional Studies, and Chop’t.
How much is the rent price for office space at 11 West 42nd Street?
Office asking rents at 11 West 42nd Street are roughly on par with the average commanded in Midtown Manhattan, which reached $88 per square foot in 2019. The Midtown area of Manhattan, which includes the prestigious Plaza District, boasts the highest office rents in the city, however, Class B assets like 11 West 42nd Street are slightly more affordable than their Class A counterparts.
1,137 SF | Grand Central