277 Park Avenue Office Space for Lease
Address | 277 Park Avenue | Class | A |
Cross Streets | 47th & 48th Streets | Size | 1,850,000 SF |
Year built | 1963 | Architect | Emery Roth & Sons |
Description
The office tower rising at 277 Park Avenue in Midtown Manhattan was completed back in 1963, and it remains owned and managed by its original developer, Stahl Real Estate. The building was designed by renowned architects at Emery Roth & Sons, and was completely renovated in 2001. Its strategic location on Park Avenue and Lexington Avenue, coupled with its modern amenities, have made 277 Park an appealing destinations for office-using tenants. Various high-profile tenants call the building home, including Chase Bank and Visa.
1.8 MSF of Class A Midtown Office Space
277 Park Avenue incorporates roughly 1,850,000 square feet of Class A Park Avenue office space across 50 stories. The building underwent extensive, $135 million renovations in 2001, which brought upgrades to the passenger elevators, electric service systems and HVAC systems. Amenities include on-site, 24/7 security, messenger center, cafeteria and health club, a 40-car parking garage, CCTV surveillance, two separate building entrances on Park and Lexington avenues, and access to The Manhattan Athletic Club. Floor plates offer roughly 24,618 square feet of office space.
Getting to and from 277 Park Avenue
277 Park Avenue is conveniently situated between 47th and 48th streets, within walking distance to Grand Central Terminal or Rockefeller Center. Those working in the building have easy access to the Lexington Avenue subway station, which serves the 4, 5, 6, S, and Metro North trains.
Who is renting office space at 277 Park Avenue?
Given its strategic location in the heart of the Plaza District, Manhattan’s main financial services business district, 277 Park Avenue has managed to attract high-profile clients in banking and finance. Notable tenants include Chase Bank, Stifel, CCMP Capital Advisors, Visa, Highstar Capital, Bank of China, Bank of India, Sumitomo Mitsui Banking Corp., and Nippon Life Insurance. Previous tenants in the building have included Penthouse Magazine and Schlumberger, Donaldson, Lufkin & Jenrette.
How much is the rent price for office space at 277 Park Avenue?
Office asking rents at 277 Park Avenue tend to be on a par with the average commanded in Midtown Manhattan, which hovers in the high $80s per square foot. The Park Avenue corridor is one of the priciest and most prestigious business districts in the world, so office rents tend to come at a premium here.
Available Spaces
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Listing Location & Nearby Public Transportation
Nearby Transportation
53rd Street–Lexington Avenue - 5 minutes Walk51st Street (
) - 5 minutes WalkEast 49th Street & 1st Avenue - 5 minutes WalkEast 50th Street/2nd Avenue - 1 minute WalkEast 50th Street/3rd Avenue - 1 minute WalkEast 50th Street/Lexington Avenue - 4 minutes WalkEast 49th Street/Lexington Avenue - 5 minutes WalkEast 49th Street/3rd Avenue - 3 minutes WalkEast 49th Street/2nd Avenue - 2 minutes Walk1st Avenue & Mitchell Place - 6 minutes Walk2nd Avenue & East 50th Street - 2 minutes Walk2nd Avenue & East 54th Street - 5 minutes Walk2nd Avenue & East 46th Street - 6 minutes Walk3rd Avenue & East 55th Street - 7 minutes Walk3rd Avenue & East 47th Street - 4 minutes Walk
Important information
This listing is presented for illustrative purposes only, it may no longer be available, and is provided merely as an exemplary representation of the types of spaces in a given neighborhood for a given price
Midtown Manhattan
Midtown Manhattan Neighborhoods Midtown is Manhattan’s central hub and its largest and most prominent office market. With roughly 242 million square feet of Midtown office space, there are various options to choose from. Moreover, you have several submarkets to consider in this expansive, diverse area. However, leasing or subletting office space in Midtown Manhattan is not a…
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