|Address:||570 Lexington Avenue||Class:||A|
|Cross Streets:||51st & 52nd Streets||Size:||450,622 SF|
|Year built:||1931||Architect:||Cross & Cross|
The General Electric Building, not to be confused with the GE building that is part of Rockefeller Center, was built in 1931 at 570 Lexington Avenue in Midtown Manhattan. The Art Deco building was designed by Cross & Cross, in a style similar to the one of the nearby St. Bartholomew Church. The GE Building, previously known as the RCA Victor Building, was designated a NYC Landmark in 1985 and was added to the National Register of Historic Places in 2004.
Today, 570 Lexington is home to various office-using tenants, and its smaller floor plates are highly appealing to small- to mid-sized businesses.
450 KSF of Class A Office Space
The GE Building offers 450,622 square feet of Class A Plaza District office space across 49 stories. The tower, which includes 7,500 square feet of retail space, as well as on-site conference and event space, was renovated in 1998. Office floor plates within the building at 570 Lexington range in size from 4,000 square feet in the upper floors to 18,900 square feet of divisible space at the base. The building is owned by The Feil Organization and offers tenants amenities such as operable double-hung windows, concierge desk, security cameras in the lobby, and keycard swipe required in each elevator to access individual floors.
Getting to and from 570 Lexington Avenue
The GE Building at 570 Lexington Avenue is conveniently located just a short walk from Grand Central Terminal, and offers tenants easy access to restaurants, hotels, retailers and cultural destinations. The proximity to Grand Central connects those working in the building to various NYC Subway lines and trains.
Who is renting office space at 570 Lexington Avenue?
The small floor plates within 570 Lexington Avenue might not be a great fit for large corporations, but they are ideal for smaller businesses and startups looking to lease office space in the prestigious Plaza District. Notable tenants on the GE Building’s roster include Urbanspace, Cornell University, REBNY, Millbrook Capital Management, Sotheby’s Institute of Art, Newport Group, Court of Appeals, Ostrager Chong Flaherty & Broitman, Cornwall Management, Globex International Holding, and a Schnippers restaurant.
How much is the rent price for office space at 570 Lexington Avenue?
Office asking rents at 570 Lexington Avenue tend to be slightly more affordable than other Class A offerings in Midtown Manhattan, due to its smaller floor plates. Office space at the GE Building tends to lease out for around $75 per square foot, well below the average commanded in Midtown overall, which exceeds $85 per square foot in 2019.
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