|Address:||150 East 42nd Street||Class:||A|
|Cross Streets:||42nd Street & Lexington Avenue||Size:||1,800,000 SF|
|Year built:||1952||Architect:||Harrison & Abramovitz|
The massive building occupying an entire block at 150 East 42nd Street in Midtown Manhattan was completed in 1952. John B. Peterkin designed the original plans for the building following the 1916 Zoning Resolution in New York City. Then, in 1952, architects Harrison & Abramovitz became involved in the project and designed the property in the International and Moderne styles.
Developed as a speculative project by Peter B. Ruddin for the prominent Goelet family, the building, also known as the Socony-Mobil Building, is a NYC landmark. It houses various high-profile office and retail tenants and offers Class A office space and proximity to iconic Midtown Manhattan landmarks.
1.8 MSF of Class A Grand Central Office Space
The Socony-Mobil Building at 150 East 42nd Street offers roughly 1.8 million square feet of Class A Grand Central Station office space and retail space at the base. Owned by The 601W Companies and managed by JLL, the building was fully renovated in 2012. It last sold in 2014 for over $1 billion. The property features two entrances on 42nd Street and Lexington Avenue, a spacious attended lobby, on-site property management, and Energy Star certification. 150 East 42nd Street also features new roofs and offers 360-degree views of the Empire State Building, United Nations, the Statue of Liberty, and the Freedom Tower.
Getting to and from 150 East 42nd Street
The Mobil Building at 150 East 42nd Street benefits from an excellent location in the heart of Midtown Manhattan, close to Grand Central Station, the Grand Hyatt New York, the Chanin Building, and the Chrysler Building. It offers an entrance to NYC Subway’s Grand Central-42nd Street station, leading directly to the platform for the 7 and <7> trains.
Who is renting office space at 150 East 42nd Street?
150 East 42nd Street is home to various high-profile office and retail tenants, including Wells Fargo, Sumitomo Corporation, Accordant Media, Mount Sinai, the Permanent Mission of Australia, Foot Locker, CVS Pharmacy, and Starbucks.
How much is the rent price for office space at 150 East 42nd Street?
Office asking rents at 150 East 42nd Street are roughly on par with the rents commanded in Midtown Manhattan and Grand Central Station. Rents start around $70 but can go higher depending on the terms and size of the lease.
Image via Google Street View