420 Lexington Avenue Office Spaces For Lease

Direct Office Spaces for Rent

$ / SF SF Monthly Rent
$ 75 1,500 $ 9,375
$ 75 1,700 $ 10,625
$ 75 1,800 $ 11,250
$ / SF SF Monthly Rent
$ 75 3,300 $ 20,625
$ 75 3,300 $ 20,625
$ 75 3,400 $ 21,250
$ / SF SF Monthly Rent
$ 100 10,000 $ 83,333
$ 100 25,000 $ 208,333
$ 75 5,500 $ 34,375

Sublease Office Spaces for Rent

$ / SF SF Space Notes
$60 3,000
$ / SF SF Space Notes
$ / SF SF Space Notes
$/Person
1-3 $2,000
4-8 $1,700
9-50+ $1,250
Luxury - Top Buildings
$/Person
10-20 People $1,700
21-50 People $1,600
51-100 People $ 1,500
Luxury - Top Buildings

Nearby Office Spaces for Rent

Address $ / SF SF Monthly Rent
Lexington Ave & East 42nd Street $ 75 1,500 $ 9,375
Lexington Ave & East 44th Street $ 62 1,800 $ 9,300
Lexington Ave & East 42nd Street $ 75 1,500 $ 9,375
Lexington Ave & East 44th Street $ 62 1,800 $ 9,300
Lexington Ave & East 42nd Street $ 75 1,500 $ 9,375
Lexington Ave & East 44th Street $ 62 1,800 $ 9,300
Address $ / SF SF Monthly Rent
E 42nd St & Lexington Avenue $ 51 4,000 $ 17,000
E 42nd St & Park Avenue $ 73 3,100 $ 18,858
E 45th St & Lexington Avenue $ 83 4,400 $ 30,433
E 42nd St & Lexington Avenue $ 51 4,000 $ 17,000
E 42nd St & Park Avenue $ 73 3,100 $ 18,858
E 45th St & Lexington Avenue $ 83 4,400 $ 30,433
E 42nd St & Lexington Avenue $ 51 4,000 $ 17,000
E 42nd St & Park Avenue $ 73 3,100 $ 18,858
E 45th St & Lexington Avenue $ 83 4,400 $ 30,433
Address $ / SF SF Monthly Rent
Lexington Ave & East 42nd Street $ 78 17,900 $ 116,350
Lexington Ave & East 42nd Street $ 78 17,900 $ 116,350
Lexington Ave & East 42nd Street $ 78 17,900 $ 116,350

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Lease Office 420 Lexington Avenue

Market Data for 420 Lexington Avenue

420 Lexington Avenue, also known as the Graybar Building, rises 30 stories above Grand Central, with 1,501,275 square feet of Class A office space. Construction of the Graybar Building finished in 1927, in the Art Deco architectural style consistent with the era. 420 Lexington Avenue office rent has followed the general market trend of rising prices, with the average price per square foot rising from the 2018 price of $58.86, to the 2019 price of $67.56. The Graybar Building includes a passage that leads directly to Grand Central, availing easy access to one of the most interconnected transportation hubs in New York City. Tenants who lease office 420 Lexington Avenue include, Equinox, with a lease for 1,074 square feet, Conduit, with a lease for 12,507 square feet, and New York Life Insurance Company, with a lease for 114,708 square feet, ect.

Building History

420 Lexington Avenue adopted its current name, the Graybar Building, from its largest tenant, Graybar Electric Company, which adopted 420 Lexington Avenue as its headquarters up until the early 1980’s. The name stuck, and today, this iconic Art Deco building has become synonymous with the name, Graybar. As part of Grand Central’s northern developments, appropriately called Terminal City, provided the Graybar Building seamless access into Grand Central Terminal. 420 Lexington Avenue office rent has followed the general trend of increasing prices. When considering lease office 420 Lexington Avenue, the convenience of the building coupled with its variety of small, medium, and large office spaces has attracted a great multitude of tenants.
Office Tenants Rented / Leased 420 Lexington Avenue
  • Metro-North Commuter Railroad leased 17,756 SF
  • Cohen Tauber Spievack & Wagner leased 11,436 SF
  • American Friends of Rambam Medical Center leased 2,181 SF
  • Premier Partnership leased 2,658 SF
  • Conduent leased 12,507 SF
  • Rubin Sheeley Paterniti Gonzalez leased 8,058 SF
  • New York Life Insurance Company leased 114,709 SF
Retail Tenants at 420 Lexington Avenue
  • Dean & DeLuca leased 3,432 SF
  • Spectrum Companies leased 292 SF
  • Joe the Art of Coffee leased 476 SF
  • Equinox 44th Street Inc. leased 1,074 SF
  • Lex Dees Stores Inc. leased 5,372 SF
  • The Body Shop leased 1,800 SF

420 Lexington Avenue Property Overview

Bulding Address: 420 Lexington Ave
Bulding Name: Graybar Building
Building Alternate address(es): 420 Lexington Ave
Zip Code:10170
Neighborhood:Grand Central
Borough:Manhattan
Stories:30
Year Built:1927
Building Class:A
Block & lot:01280-7501

Public Transportation

Time and Distance from 420 Lexington Avenue New York, NY 10170
Transit / Subway Distance Walk
Grand Central-42 Street Transit Stop (4, 42 St Shuttle, 5, 6, 7) 0.1 mi 3 min
5 Avenue-Bryant Park Transit Stop (7) 0.4 mi 8 min
51 Street Transit Stop (4, 6) 0.4 mi 8 min
Lexington Avenue-53 Street Transit Stop (E, M) 0.5 mi 10 min
42 Street-Bryant Park Transit Stop (B, D, F, M) 0.6 mi 11 min

Map Location

Office Rent 420 Lexington Avenue Average

Year $ / SF
2018 58.86
2019 67.56
Year $ / SF
2019 58.0
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