425 Park Ave S nyc
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Lease Apartment 425 Park Ave S

Rent Apartment 425 Park Ave S Property Overview

Building Address: 425 Park Ave S, New York NY 10016
Building Name: Park South Tower Apartments
Zip Code:10016
Neighborhood:Rose Hill
Borough:Manhattan
Stories:0
Year Built:1927
Building Class:B


425 Park Avenue in Manhattan is a landmark project representing the first full-block office building on Park Avenue in more than fifty years, marking a significant milestone in Midtown Manhattan's architectural evolution.

Originally constructed in 1957, the building underwent a thorough redevelopment that took nearly two decades to complete, rather than being entirely demolished and rebuilt. This extensive renovation preserved approximately 25 percent of the original structure, enabling the developers to maximize the floor area while adhering to zoning regulations.

The redevelopment was envisioned as a beacon of modernism and cutting-edge architecture. Eleven premier architectural firms were consulted to ensure that the new design would stand out as iconic and forward-thinking. The goal was to create a Class A office building that would set new standards for workplace design and amenities, addressing the outdated nature of much of Midtown's office space.

Since its reopening, 425 Park Avenue has played a pivotal role in Midtown Manhattan's revival, joining the ranks of other modern office complexes like Hudson Yards and One Vanderbilt. This building offers state-of-the-art facilities and has attracted prestigious tenants, positioning it as a citadel of finance and a symbol of the area's ongoing transformation into a hub for the future of work.

425 Park Avenue South, also known as Park South Tower, is a pre-war co-op building located in the NoMad area of Manhattan, New York City. It was originally built in 1927 and converted to a co-op in 1980. The building features loft-like apartments with high ceilings, ornate lobby, multiple elevators, and a planted and furnished roof deck offering spectacular views. It consists of 20 stories and houses 74 residences.

Not to be confused with , a nearby office building designed by Foster + Partners, which is a modern full-block office building.


Amenities at 425 Park Avenue, Manhattan, NYC

425 Park Avenue redefines luxury and modern office environments with a suite of premium amenities designed to enhance work and life.

  • Triple-Height Lobby: A grand entrance featuring high ceilings and floor-to-ceiling glass windows, setting a prestigious tone.
  • Private Garage: A 52-space garage with an exclusive chauffeur lounge for convenience and style.
  • Exclusive Dining: A two-floor restaurant by acclaimed Chef Jean-Georges Vongerichten offering top culinary experiences.
  • The Diagrid Club: Collaborative space situated on a dramatic triple-height floor with remarkable views of Central Park, featuring world-class food and beverage options.
  • Relaxation Areas: Indoor and outdoor gardens provide serene spaces for unwinding and socializing.
  • Impressive Views: Sweeping panoramas of Midtown Manhattan and Central Park from various vantage points within the building.
  • Sustainability Certifications: LEED Gold BD+C certified and New York City’s first-ever WELL-certified building, underscoring a commitment to health and environmental standards.

425 Park Ave S, Manhattan, NYC Office Tenants

425 Park Avenue is a premier Class A office building in Midtown Manhattan, completed in 2022 and designed by Foster+Partners. It offers approximately 670,000 square feet of premium office space across a full city block between 55th and 56th Streets.

Notable tenants include leading financial and private equity firms such as Citadel, which occupies about 415,000 square feet, and Hellman & Friedman, which has leased two entire floors. Other prominent firms like GTCR also have a presence here. The building features triple-height ceilings, floor-to-ceiling windows, and column-free layouts, providing an exceptional work environment.

With approximately 85% of the space leased, 425 Park Avenue stands as a beacon of modern office design and strategic Midtown location, attracting high-profile corporate tenants seeking state-of-the-art workspaces.


The primary internet providers serving 425 Park Ave S, Manhattan, NYC include:

  • Verizon: Offers fiber-optic service (Fios) with speeds up to 2.3 Gbps and 5G Internet options, widely recognized for reliability and high speed in Manhattan.
  • Spectrum: Provides cable and fiber internet services with speeds up to 1 Gbps, serving a large portion of Manhattan residents.
  • Xfinity: Cable internet provider offering speeds up to 2 Gbps across New York City.
  • Optimum: Cable and fiber internet provider with plans reaching up to 8 Gbps in speed availability.
  • RCN (Astound Broadband): Cable internet service provider offering speeds up to 1.5 Gbps.
  • EarthLink Fiber: Fiber internet provider offering up to 5 Gbps download speeds in New York City.

These providers deliver a variety of connection types including fiber, cable, and 5G, ensuring high-speed internet availability at this Manhattan address.

425 Park Avenue South Transportation Info

Cross streets: 55th-56th Streets (Note: Correct address appears to be Park Ave South between 28th-29th Streets based on actual location)

Nearest Transit
  • Subway: 6 train at 28th Street (12-min walk)
  • Bus: M1, M2, M3, M101 (Lexington Ave routes)

Note: "425 Park Ave" in Bronx has different transit options (BX11/BX41 buses, 4 train)

Major Hubs
  • Grand Central Terminal: 15-min subway ride via 6 train
  • Penn Station: 10-min taxi (1.5 miles)

Vaultus Professional Service Testimonial

Vaultus Professional Service testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.
Commercial space for lease
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