122 East 42nd Street, The Chanin Building office space

Description

The Chanin Building at the corner of Lexington Avenue in Midtown Manhattan is one of the finest examples of Art Deco architecture in New York City. It was built in 1928 with a brick-and-terracotta design by Sloan & Robertson, and it boats the familiar setbacks required by the 1916 zoning resolution. The building is located at 122 East 42nd Street, right across the street from the Chrysler Building, and connects to the nearby Grand Central Station. It was designated a New York City landmark in 1978, and today it’s home to a plethora of companies in the legal sector, finance, and media and communications.

800 KSF of Class A Midtown Office Space

The Chanin Building features more than 800,000 square feet of Class A Grand Central office space across 56 stories. The building also incorporates roughly 28,000 square feet of retail, and was renovated multiple times over the years. Currently, the tower is owned by Stahl Real Estate and managed by Cushman & Wakefield. Amenities include an attended lobby, bike storage, and onsite management and security. The building’s two lobbies also connect directly to Grand Central Terminal.

Getting to and from The Chanin Building

The Chanin Building is conveniently located in the heart of Midtown Manhattan, offering easy access to all the popular spots in the area. The building connects directly to Grand Central Station, which serves the 4, 5, 6, and 7 lines, among others. It also lies within walking distance of Bryant Park and the New York Public Library.

Who is renting office space at The Chanin Building?

The Art Deco tower on 42nd Street used to house the offices of the Chanin Organization, but nowadays it’s home to an eclectic mix of tenants. The Chanin Building is home to various companies operating in the legal sector, the financial sector, as well as media and communications. Notable office-using tenants include Telecom, Ameriprise, Ariel Property Advisors, Bell & Co., Smith & Krants, and WhelanScott Asset Management. Retail tenants include Apple Bank and Duane Read, while two restaurants are also located onsite: Juice Generation and Pret A Manger.

How much is the rent price for office space at The Chanin Building?

Office asking rents at the Chanin Building are roughly on par, or slightly below, the $87 per square foot average commanded in Midtown Manhattan. The tower benefits from an excellent location next to Grand Central Terminal and various shopping and dining destinations, making it a desirable choice for businesses. The tower offers Class A, energy efficient office space and access to various onsite amenities.