Rent Office 1 East 42nd Street

Lease Office - 1 East 42nd Street

$ / SF	SF	Monthly Rent
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Rent Sublease Office - 1 East 42nd Street

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Rent Coworking Office

Type of Space	Class A/month	Class B/month	Class C/month
Windowed office/person	$ 2100	$ 2229	$ 775
Interior office/person	$ 1350	$ 1729	$ 525
Team Rooms	$ 10100	$ 8979	$ 5025
Suites	$ 20100	$ 12979	$ 7025

Nearby office Spaces for Rent

Address	$ / SF	SF	Monthly Rent
E 40th St & Fifth Avenue	Negotiable	7,800	Negotiable
Third Ave & East 46th Street	Negotiable	7,900	Negotiable
Third Ave & East 40th Street	Negotiable	7,400	Negotiable
Fifth Ave & East 44th Street	Negotiable	7,900	Negotiable
Fifth Ave & East 44th Street	Negotiable	12,300	Negotiable
Third Ave & East 42nd Street	Negotiable	8,000	Negotiable
Madison Ave & East 40th Street	Negotiable	15,900	Negotiable
Third Ave & East 46th Street	Negotiable	7,400	Negotiable
E 42nd St & Second Avenue	Negotiable	8,200	Negotiable
Lexington Ave & East 42nd Street	Negotiable	7,400	Negotiable
Park Ave & East 45th Street	Negotiable	9,200	Negotiable
E 42nd St & Lexington Avenue	Negotiable	8,200	Negotiable

Address	$ / SF	SF	Monthly Rent
E 40th St & Fifth Avenue	Negotiable	5,600	Negotiable
Third Ave & East 46th Street	$ 62	4,100	$ 21,183
Madison Ave & East 40th Street	Negotiable	4,700	Negotiable
Vanderbilt Ave & East 44th Street	$ 49	5,300	$ 21,641

Address	$ / SF	SF	Monthly Rent
Third Ave & East 46th Street	Negotiable	1,900	Negotiable
Park Ave & East 40th Street	Negotiable	2,000	Negotiable
Lexington Ave & East 41st Street	$ 57	1,500	$ 7,125
E 44th St & East 44th Street	$ 82	2,300	$ 15,716
Third Ave & East 41st Street	Negotiable	1,800	Negotiable
Fifth Ave & East 45th Street	Negotiable	2,000	Negotiable
Third Ave & East 46th Street	Negotiable	1,800	Negotiable
Lexington Ave & East 42nd Street	Negotiable	2,100	Negotiable
E 42nd St & Lexington Avenue	Negotiable	2,200	Negotiable
Third Ave & East 41st Street	$ 55	1,700	$ 7,791
Park Ave & East 41st Street	$ 85	2,300	$ 16,291
Lexington Ave & East 47th Street	Negotiable	2,300	Negotiable

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 42nd Street	$ 58	7,400	$ 35,766
Madison Ave & East 40th Street	Negotiable	17,400	Negotiable

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 41st Avenue	Negotiable	3,200	Negotiable
Madison Ave & East 39th Street	Negotiable	2,700	Negotiable
Lexington Ave & East 41st Street	Negotiable	2,700	Negotiable
Fifth Ave & East 42nd Street	Negotiable	6,100	Negotiable
E 44th St & Third Avenue	Negotiable	6,000	Negotiable
Madison Ave & East 40th Street	Negotiable	2,500	Negotiable
Madison Ave & East 40th Street	Negotiable	5,900	Negotiable
Madison Ave & East 41st Avenue	Negotiable	2,600	Negotiable
E 40th St & Park Avenue	Negotiable	5,100	Negotiable
E 43rd St & Third Avenue	Negotiable	4,000	Negotiable

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 39th Street	Negotiable	1,900	Negotiable
Fifth Ave & East 42nd Street	$ 60	1,600	$ 8,000
Madison Ave & East 40th Street	Negotiable	1,800	Negotiable
E 45th St & Fifth Avenue	Negotiable	2,200	Negotiable
Madison Ave & East 40th Street	Negotiable	1,900	Negotiable
Madison Ave & East 41st Avenue	$ 55	2,000	$ 9,166
Lexington Ave & East 40th Street	$ 43	2,100	$ 7,525
E 45th St & Third Avenue	Negotiable	1,700	Negotiable

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 39th Street	Negotiable	7,300	Negotiable
E 39th St & Fifth Avenue	Negotiable	7,900	Negotiable

Address	$ / SF	SF	Monthly Rent
E 44th St & Madison Avenue	Negotiable	2,700	Negotiable
E 40th St & Lexington Avenue	Negotiable	3,000	Negotiable

Address	$ / SF	SF	Monthly Rent
E 44th St & Madison Avenue	Negotiable	2,200	Negotiable
E 40th St & Lexington Avenue	Negotiable	1,600	Negotiable

Rent Retail - 1 East 42nd Street

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Rent Medical Space

Medical Direct Offices
Medical Subleases Offices

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Lease 1 East 42nd Street

Property Summary

Rent 1 East 42nd Street Property Overview

Building Address:	1 East 42nd Street, New York NY 10017
Building Alternate Address:	1 E 42nd St
Zip Code:	10017
Neighborhood:	Grand Central
Borough:	Manhattan
Stories:	16
Year Built:	1927
Building Class:	B

1 East 42nd Street is a historic tall building located in Midtown Manhattan, New York City. Designed by the architectural firm Cross & Cross, the building was completed in 1927 and stands 16 stories tall.

The building is situated in a vibrant district that experienced significant development during the early 20th century, a period when East 42nd Street saw the emergence of notable office towers and theaters following the completion of Grand Central Terminal in 1913. This area previously included low-rise buildings but grew rapidly as transit lines were removed and city planning facilitated new construction.

1 East 42nd Street exemplifies the growth of Midtown as a commercial and office district in the 1920s, marking the transition of the street from a largely residential and low-rise zone to one defined by substantial high-rise architecture. Its creation coincided with the transformation of 42nd Street into a key corridor linking major transportation hubs and commercial activities in Manhattan.

1 East 42nd Street, Manhattan, NYC

Primary Address: 1 East 42nd Street

Alternate Address: 1-3 East 42nd Street

Neighborhood: Central Midtown

Borough: Manhattan

Zip Code: 10017

Building Information

Year Built: 1927
Stories: 15
Total Square Feet: 62,387 sq ft
Building Class: Foreign Government (Z4)
Structure Type: Highrise office
Construction Type: Fireproof steel
Number of Commercial Units: 16
Lot Size: 4,915 sq ft

Property Tax and Sales

Last Sale Date: March 29, 2005
Last Sale Price: $30,000,000
Assessed Market Value (Current Tax Year): $7,563,600
Tax Class: Register

Location Details

Located in Midtown Manhattan with frontage on East 42nd Street, near the 42nd Street Shuttle Line.

Nearby Transit

Closest Subway Station: Grand Central-42 St (7-minute walk)
Closest Bus Stops: E 42nd St & 1st Ave – United Nations (1-minute walk), other stops along 42nd Street and 1st Avenue within a few minutes' walk
Closest Ferry Stations: East 34th Street (10-minute walk)
Closest Train Stations: Grand Central (10-12 minute walk)

<p>1 East 42nd Street, a commercial building in Manhattan, offers several key amenities:</p>
<ul>
  <li>24/7 Security</li>
  <li>Visitor and Conference Centers</li>
  <li>In-building Dining Options</li>
  <li>Tenant-Controlled AC</li>
  <li>Direct Access to Public Transportation</li>
</ul>

Office Tenants at 1 East 42nd Street, Manhattan, NYC

1 East 42nd Street is a 15-story commercial building in Midtown Manhattan, built in 1927, located in the Grand Central neighborhood.

Current and Recent Office Tenants

Yeshiva University (2023)
CohnReznick (2022, New Lease)
UN Women (2022, Renewal)
Envoie Projects (2022, New Lease)
Bryant Rabbino (2021, New Lease)
Club Champion (2021, New Lease)
Gracie Asset Management (2021, New Lease)
YAI (2019, New Lease)
WPIX (2019, Renewal)
Community Preservation Corporation (2018, New Lease)
American Jewish Joint Distribution Committee (2017, New Lease)
Core Organic (2017)
Omnicom Group (2016, Renewal)
Yo Shanghai (2016)
Martin Clearwater & Bell (2016, Renewal)
Maritime Overseas Corporation (2013, New Lease)
Jones Day (2010, New Lease)

Verizon Fios - Fiber plans from 300 Mbps to 2.3 Gbps, $49.99/month
Spectrum - Cable/fiber plans up to 1 Gbps, $50/month
Astound Broadband (RCN) - Cable/fiber up to 1.5 Gbps, $35/month
Optimum - Fiber up to 8 Gbps, $40/month
Starry Internet - Fixed wireless up to 1 Gbps, $45/month

Transportation Near 1 East 42nd Street, Manhattan, NYC

Subway Stations and Lines

The nearest major subway station is Grand Central-42 St, located about a 7-minute walk away. It serves multiple lines including the 4, 5, 6, 7, 6X, and the 42nd Street Shuttle (S).

The 42nd Street Shuttle (S) runs directly underneath 42nd Street between Grand Central and Times Square, providing rapid transit along 42nd Street with frequent service during daytime hours. The shuttle connects these two major hubs in about 90 seconds, serving over 100,000 daily passengers.

Bus Routes

Several MTA bus routes pass near 1 East 42nd Street, including:

M15-SBS
M42
QM32

Train Services

Nearby commuter train lines accessible from Grand Central Terminal include:

Hudson Line
Harlem Line
New Haven Line
Port Washington Branch

Ferry Services

Ferry services connecting New York City and New Jersey are accessible nearby with schedules starting early morning and running till late evening.

Cross Streets

1 East 42nd Street is located at the intersection near 42nd Street and Park Avenue in Midtown Manhattan, close to landmarks such as Grand Central Terminal and the Chrysler Building. Nearby cross streets include Lexington Avenue to the east and Madison Avenue just a block west, making this area highly accessible by various transit options.

Onsite Networks Testimonial

We love a challenge!

Optimal Spaces can help you turn critical and complex real estate issues into opportunities for growth and or cost reduction. We offer the experience, know-how, and the strategic planning that helps lead to better decisions. Virtually everything you need to enhance the value of your business (for profit and not for profit) , you will find at Optimal Spaces.

About Optimal Spaces
Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.