|Address:||230 Park Avenue||Class:||A|
|Cross Streets:||45th & 46th Streets||Size:||1,300,000 SF|
|Year built:||1928||Architect:||Warren & Wetmore|
The office tower at 230 Park Avenue is better known as the Helmsley Building, and it is a designated historic landmark. It was designed by Grand Central Terminal architects Warren & Wetmore in a Beaux Arts style, and completed in 1928. The Midtown Manhattan office building is located just north of Grand Central Station, and is currently home to a plethora of high-profile tenants in real estate and financial services. RXR Realty is the building’s owner, having paid $1.2 billion to purchase the property from Invesco Real Estate in 2015.
1.4 MSF of LEED Gold, Class A Office Space
The Helmsley Building was initially constructed to house the headquarters of the New York Railroad Company. Nowadays it consists of 1.4 million square feet of Class A Plaza District office space, as well as 32,000 square feet of retail. The 35-story tower boasts LEED Gold certification for its energy efficient office space, and was renovated in 2010. Amenities include on-site management and security by RXR, an on-site lounge, visitors’ center, a rooftop terrace, as well as operable windows.
Getting to and from 230 Park Avenue
Conveniently located near Grand Central Terminal, the Helmsley Building at 230 Park Avenue offers easy access to Amtrak, Metro North and the 4, 5, 6, and 7 subway lines. Cars enter the Park Avenue Viaduct through the building, via two portals, one for downtown traffic and one for uptown traffic. These portals connect to Park Avenue at East 46th Street.
Who is renting office space at 230 Park Avenue?
The Helmsley Building is home to various high-profile office-using tenants in industries like real estate, financial services and media. Notable tenants on the building’s roster include Cornell University, Lincoln Property Company, Clarion Partners, Hunt Mortgage Group, Capital Link, FCS Advisors, and KERN Corporation, among many others. Retail tenants include Duane Reade, Starbucks, Urbanspace, and Lea Wine Bar.
How much is the rent price for office space at 230 Park Avenue?
Office asking rents at 230 Park Avenue come at a premium, and are roughly on par with the Midtown Manhattan average of $87 per square foot. The building’s location in the prestigious Plaza District is highly appealing to tenants looking for quality office space near public transportation options, as well as shopping and dining destinations.