420 Lexington Avenue, Graybar Building Office Space

Description

The office building at 420 Lexington Avenue in Midtown Manhattan was completed in 1927 with a design by Sloan & Robertson. It was originally the home of Graybar Electric Company, and was part of ‘Terminal City,’ a cluster of buildings built above Grand Central Terminal’s underground tracks. As a result, The Graybar Building incorporates a public passageway connecting Lexington Avenue to Grand Central. The office floors house various big-ticket tenants in different industries, like law, finance, media and government.

1.2 MSF of Class A Grand Central Office Space

The Graybar Building at 420 Lexington Avenue incorporates $1,243,000 square feet of Class A Grand Central office space across its 30 stories. The building is owned and managed by SL Green, and was completely renovated in 1999. Amenities include a renovated lobby, elevators, corridors and bathrooms, operable windows, on-site management, a messenger center, 32 passenger elevators, Wired and Energy Star certifications, and tenant-controlled HVAC. The building has also earned LEED Gold certification from the USGBC, for its energy efficient features.

Getting to and from 420 Lexington Avenue

The building at 420 Lexington Avenue sits directly above Grand Central Terminal, connecting tenants to the subway lines via an underground passageway. Those working in the building benefit from direct access to a plethora of dining and retail options, as well as access to Amtrak, Metro North, and the 4, 5, 6, 7 subway lines.

Who is renting office space at 420 Lexington Avenue?

The Graybar Building is home to numerous office tenants in diversified industries, from law and finance to government offices. Notable tenants operating office space at 420 Lexington Avenue include New York Life, the Metropolitan Transportation Authority, State Farm, Vanbarton Group, SL Green, Standard Insurance, the National Foreign Trade Council, the New York State Democratic Committee, and Equinox.

How much is the rent price for office space at 420 Lexington Avenue?

Office asking rents at 420 Lexington Avenue tend to be on a par with the average commanded in Midtown Manhattan, which exceeds $85 per square foot in 2019. The Graybar Building’s excellent location with direct access to Grand Central, coupled with its modern amenities and prestigious tenant roster, make it an appealing destination for office tenants looking for quality office space in NYC.