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Rent/Lease Office 1 East 42nd Street

$ / SF	SF	Monthly Rent

$ / SF	SF	Monthly Rent

Nearby Sublease office Spaces for Rent

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 44th Street	$ 65	13,500	$ 73,125
E 42nd St & Lexington Avenue	$ 41	55,700	$ 190,308
5th Ave & East 44th Street	$ 69	9,600	$ 55,200
Park Ave & East 45th Street	$ 99	9,700	$ 80,025
Third Ave & East 39th Street	$ 36	49,100	$ 147,300
Lexington Ave & East 43rd Street	$ 54	12,900	$ 57,512

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 44th Street	$ 54	3,500	$ 15,895
Park Ave & East 40th Street	$ 67	4,300	$ 24,008
Lexington Ave & East 41st Street	$ 64	3,800	$ 20,266
5th Ave & East 44th Street	$ 70	7,000	$ 40,541
E 42nd St & Lexington Avenue	$ 49	4,800	$ 19,600
Park Ave & East 39th Street	$ 99	4,200	$ 34,650

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 45th Street	$ 50	2,100	$ 8,750
Park Ave & East 40th Street	$ 66	2,000	$ 10,916

Address	$ / SF	SF	Monthly Rent
Lexington Ave & East 41st Street	$ 26	7,300	$ 15,664
Fifth Ave & East 45th Street	$ 40	10,300	$ 34,333

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 40th Street	$ 59	4,200	$ 20,737
Fifth Ave & East 45th Street	$ 55	3,400	$ 15,583
Lexington Ave & East 41st Street	$ 26	5,600	$ 12,016
E 42nd St & Park Avenue	$ 42	5,100	$ 17,850
E 42nd St & Lexington Avenue	$ 50	4,800	$ 20,200
Fifth Ave & East 44th Street	$ 52	3,300	$ 14,162
E 41st St & Fifth Avenue	$ 48	2,700	$ 10,800

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 45th Street	$ 52	2,100	$ 9,012
Lexington Ave & East 40th Street	$ 42	2,100	$ 7,262

Address	$ / SF	SF	Monthly Rent

Address	$ / SF	SF	Monthly Rent

Address	$ / SF	SF	Monthly Rent

Tipo di spazio	Classe A/mese	Classe B/mese	Classe C/mese
Ufficio con finestra/persona
Ufficio interno/persona
Sale per team
Suite

Nearby office Spaces for Rent

Address	$ / SF	SF	Monthly Rent
E 40th St & Fifth Avenue	$ 70	8,100	$ 47,250
Park Ave & East 41st Avenue	$ 175	12,200	$ 177,916
Third Ave & East 46th Street	$ 82	12,100	$ 82,683
Fifth Ave & East 40th Street	$ 85	11,200	$ 79,333

Address	$ / SF	SF	Monthly Rent
E 40th St & Fifth Avenue	$ 86	3,400	$ 24,366
Third Ave & East 46th Street	$ 62	4,100	$ 21,183
Vanderbilt Ave & East 44th Street	$ 49	5,300	$ 21,641

Address	$ / SF	SF	Monthly Rent
Lexington Ave & East 41st Street	$ 57	1,500	$ 7,125
E 44th St & East 44th Street	$ 82	2,300	$ 15,716
E 45th St & Lexington Avenue	$ 75	2,400	$ 15,000
Lexington Ave & East 42nd Street	$ 61	1,500	$ 7,625
Third Ave & East 41st Street	$ 55	1,700	$ 7,791
Park Ave & East 41st Street	$ 85	2,300	$ 16,291

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 40th Street	$ 66	14,600	$ 80,908
Vanderbilt Ave & East 44th Street	$ 80	8,100	$ 54,000
E 42nd St & Park Avenue	$ 59	9,700	$ 47,691
Fifth Ave & East 42nd Street	$ 58	7,400	$ 35,766
E 44th St & Third Avenue	$ 59	8,400	$ 41,300
Fifth Ave & East 45th Street	$ 68	7,900	$ 44,766

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 41st Avenue	$ 57	5,700	$ 27,075
Madison Ave & East 40th Street	$ 76	3,600	$ 22,800
Vanderbilt Ave & East 44th Street	$ 51	4,000	$ 17,000
Second Ave & East 43rd Street	$ 57	4,800	$ 22,800
Madison Ave & East 39th Street	$ 51	2,700	$ 11,475
Lexington Ave & East 41st Street	$ 61	3,700	$ 18,808
E 42nd St & Park Avenue	$ 66	6,700	$ 36,850
Fifth Ave & East 42nd Street	$ 61	3,800	$ 19,316
Madison Ave & East 40th Street	$ 45	3,500	$ 13,125
E 44th St & Third Avenue	$ 48	4,500	$ 18,000
Madison Ave & East 40th Street	$ 55	2,500	$ 11,458

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 40th Street	$ 65	1,700	$ 9,208
Second Ave & East 43rd Street	$ 57	2,300	$ 10,925
Madison Ave & East 39th Street	$ 50	1,900	$ 7,916
Fifth Ave & East 42nd Street	$ 60	1,600	$ 8,000
Madison Ave & East 41st Avenue	$ 55	2,000	$ 9,166
E 42nd St & Madison Avenue	$ 70	2,100	$ 12,162
E 42nd St & Lexington Avenue	$ 59	2,200	$ 10,816
E 44th St & Fifth Avenue	$ 55	2,200	$ 10,083

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 39th Street	$ 52	7,300	$ 31,633
E 39th St & Fifth Avenue	$ 40	7,900	$ 26,662
Fifth Ave & Between East 42nd Street	$ 85	9,200	$ 65,166

Address	$ / SF	SF	Monthly Rent
E 40th St & Lexington Avenue	$ 50	3,000	$ 12,375
Fifth Ave & Between East 42nd Street	$ 84	6,000	$ 42,250

Address	$ / SF	SF	Monthly Rent
E 40th St & Lexington Avenue	$ 48	1,600	$ 6,466

Retail Spaces for Rent at 1 East 42nd Street

Retail Spaces
Sublease

Rent Retail 1 East 42nd Street

$ / SF	SF	Monthly Rent

$ / SF	SF	Monthly Rent

$ / SF	SF	Monthly Rent

$ / SF	SF	Monthly Rent

Nearby Tenants

$ / SF	SF	Monthly Rent
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Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 1 East 42nd Street. This trend is projected to continue. Opportunities for subleases remain available at 1 East 42nd Street and in the nearby Grand Central neighborhood.

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Property Summary

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)

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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.

Lempert Brothers Intl USA. Testimonial

To Whom It May Concern: We had the pleasure of working with Stephen Sunderland months ago when we were in search of new office space for our growing company. He was of great assistance with all the questions we had about today's real estate market. His accurate analysis of the market and the time he took to listen and understand our motivations was a great advantage We required an office building that would allow us to expand and support all of our companies needs. Stephen Sunderland walked us down every road we needed to go and many times paved the way making it easier on us than could have been expected. He advised us and guided us through all the steps. He worked with us closely and made sure that he knew exactly what we were looking for. He provided us with real estate options and solutions that would save us both money and time down the road as our company grew. His dedication and commitment to his clients are rare commodities in today's self-interested world. If you see fit to give him a chance to serve you, we guarantee, you'll never look for another real estate agent. Without reservation, we strongly recommend the services of Stephen Sunderland and would most definitely work with him again, if his assistance is called for. If we could further assist you, please do not hesitate to contact us. Sincerely, S. George Miller President

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