|Address:||230 Park Avenue South||Class:||B|
|Cross Streets:||18th & 19th Streets||Size:||400,000 SF|
The building rising at 230 Park Avenue South in Midtown South was completed back in 1895, and was previously known as the Gramercy Court Building and the American Lithograph Building. Nestled between Union Square and Gramercy Park, the tower is highly appealing to office tenants of all sizes, including Discovery Inc., which moved its headquarters here in 2018. That same year, the building underwent extensive renovations, bringing it up to modern standards.
400 KSF of Class B Flatiron District Office Space
The tower at 230 Park Avenue South consists of 400,000 square feet of Class B Flatiron District office space across its 13 floors. The 1895-built tower is owned and managed by TF Cornerstone and underwent renovations in recent years. Following the upgrades, the building features modern elevators, an electronic keycard access system, new mechanical systems, and fiber optic telecommunications connections. Amenities include a redesigned lobby, an outdoor courtyard, 24/7 security, two building entrances plus a loading area, high ceilings, and state-of-the-art HVAC systems. Floor plates average 28,000 square feet, and feature four different window lines and distinctive architectural details, such as terracotta columns and ceilings.
Getting to and from 230 Park Avenue South
Given its excellent location right between Union Square and Gramercy Park, 230 Park Avenue South is convenient to a variety of public transportation options, including the 4, 5, 6, N, R, Q, L and W trains. The building is also located in close proximity to a variety of shops, restaurants, hotels and parks.
Who is renting office space at 230 Park Avenue South?
230 Park Avenue South is highly appealing for office-using tenants, because of its excellent location and upgraded features and amenities. Notable tenants calling the building home include Discovery Inc., which moved its headquarters here in the summer of 2018, SWK, Sentrix, and Hatzel & Buehler.
How much is the rent price for office space at 230 Park Avenue South?
Office asking rents at 230 Park Avenue South tend to be roughly on par with the average commanded in Midtown South, which hovers around $84 per square foot. Class B assets, however, tend to be more affordable than their Class A counterparts, while still offering all the modern features that office tenants look for nowadays.