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Rent/Lease Office 1 East 42nd Street

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 $ 40
55,700
$ 185,666
5th Ave & East 44th Street $ 70
9,600
$ 56,400
Park Ave & East 45th Street $ 98
9,700
$ 79,216
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 55
12,900
$ 59,125
Address $ / SF SF Monthly Rent
Park Ave & East 40th Street $ 66
4,300
$ 23,650
Lexington Ave & East 41st Street $ 63
3,800
$ 19,950
5th Ave & East 44th Street $ 71
7,000
$ 41,416
E 42nd St & Lexington Avenue $ 49
4,800
$ 19,600
Park Ave & East 39th Street $ 99
4,200
$ 34,650
Fifth Ave & East 44th Street $ 50
3,300
$ 13,750
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Park Ave & East 40th Street $ 68
2,000
$ 11,250
Address $ / SF SF Monthly Rent
Lexington Ave & East 41st Street $ 25
7,300
$ 15,056
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 59
4,200
$ 20,562
Fifth Ave & East 45th Street $ 54
3,400
$ 15,300
Lexington Ave & East 41st Street $ 27
5,600
$ 12,716
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
E 42nd St & Lexington Avenue $ 52
4,800
$ 20,800
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
E 41st St & Fifth Avenue $ 47
2,700
$ 10,575
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
Lexington Ave & East 40th Street $ 41
2,100
$ 7,175
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

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 $ 81
12,100
$ 81,675
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Address $ / SF SF Monthly Rent
E 40th St & Fifth Avenue $ 70
6,400
$ 37,333
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Vanderbilt Ave & East 44th Street $ 49
5,300
$ 21,641
Third Ave & East 40th Street $ 63
3,600
$ 18,900
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
$ 79,691
Vanderbilt Ave & East 44th Street $ 79
8,100
$ 53,325
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 $ 58
8,400
$ 40,600
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
Address $ / SF SF Monthly Rent
Madison Ave & East 41st Avenue $ 56
5,700
$ 26,600
Madison Ave & East 40th Street $ 75
3,600
$ 22,500
Vanderbilt Ave & East 44th Street $ 50
4,000
$ 16,666
Second Ave & East 43rd Street $ 56
4,800
$ 22,400
Madison Ave & East 39th Street $ 50
2,700
$ 11,250
Lexington Ave & East 41st Street $ 60
3,700
$ 18,500
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
Fifth Ave & East 42nd Street $ 60
3,800
$ 19,000
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 $ 67
1,700
$ 9,491
Second Ave & East 43rd Street $ 59
2,300
$ 11,308
Madison Ave & East 39th Street $ 52
1,900
$ 8,233
Fifth Ave & East 42nd Street $ 60
1,600
$ 8,000
Madison Ave & East 40th Street $ 60
2,400
$ 12,000
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
E 42nd St & Madison Avenue $ 69
2,100
$ 12,075
E 42nd St & Lexington Avenue $ 61
2,200
$ 11,183
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
$ 26,004
Fifth Ave & Between East 42nd Street $ 84
9,200
$ 64,400
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 48
3,000
$ 12,125
Fifth Ave & Between East 42nd Street $ 84
6,000
$ 41,750
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 50
1,600
$ 6,733

Retail Spaces for Rent at 1 East 42nd Street

Rent Retail 1 East 42nd Street

Rent Medical Space at 1 East 42nd Street

Office Tenants Rented / Leased 1 East 42nd Street
  • Taipei Economic and Cultural Office leased 0 SF
  • Education Division leased 500 SF
  • Dataforms leased 500 SF
  • Taipei Cultural Center of T… leased 62,380 SF
Nearby Office Tenants Leased
  • Mitsubishi International Corp. leased 122,500 SF at 655 Third Ave
  • BDO Seidman leased 121,441 SF at 100 Park Ave
  • The United Nations leased 120,000 SF at 730 Third Ave
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
Nearby Retail Tenants Leased
  • Joseph Abboud leased 4,600 SF at 424 Madison Ave
  • Daum Inc.; Haviland Inc. leased 4,500 SF at 499 Park Ave
  • Wells Fargo leased 4,328 SF at 437 Madison Avenue
  • MedRite leased 4,200 SF at 330 West 42nd St
  • FILA leased 4,087 SF at 340 Madison Ave
  • RFR Realty leased 4,066 SF at 275 Madison Avenue
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • CTSH LLC Deli leased 3,800 SF at 633 Third Ave
  • Panache Lingerie leased 3,800 SF at 286 Madison Avenue
  • Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
$ / SF SF Monthly Rent
Please notify me when a new space is available
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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1 East 42nd Street nyc
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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.

Office Tenants Rented / Leased 1 East 42nd Street
  • Taipei Economic and Cultural Office leased 0 SF
  • Education Division leased 500 SF
  • Dataforms leased 500 SF
  • Taipei Cultural Center of T… leased 62,380 SF

Nearby Office Tenants Leased
  • Mitsubishi International Corp. leased 122,500 SF at 655 Third Ave
  • BDO Seidman leased 121,441 SF at 100 Park Ave
  • The United Nations leased 120,000 SF at 730 Third Ave
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue

Nearby Retail Tenants Leased
  • Joseph Abboud leased 4,600 SF at 424 Madison Ave
  • Daum Inc.; Haviland Inc. leased 4,500 SF at 499 Park Ave
  • Wells Fargo leased 4,328 SF at 437 Madison Avenue
  • MedRite leased 4,200 SF at 330 West 42nd St
  • FILA leased 4,087 SF at 340 Madison Ave
  • RFR Realty leased 4,066 SF at 275 Madison Avenue
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • CTSH LLC Deli leased 3,800 SF at 633 Third Ave
  • Panache Lingerie leased 3,800 SF at 286 Madison Avenue
  • Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
Office Tenants Rented / Leased 1 East 42nd Street
  • Taipei Economic and Cultural Office leased 0 SF
  • Education Division leased 500 SF
  • Dataforms leased 500 SF
  • Taipei Cultural Center of T… leased 62,380 SF
Nearby Office Tenants Leased
  • Mitsubishi International Corp. leased 122,500 SF at 655 Third Ave
  • BDO Seidman leased 121,441 SF at 100 Park Ave
  • The United Nations leased 120,000 SF at 730 Third Ave
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
Nearby Retail Tenants Leased
  • Joseph Abboud leased 4,600 SF at 424 Madison Ave
  • Daum Inc.; Haviland Inc. leased 4,500 SF at 499 Park Ave
  • Wells Fargo leased 4,328 SF at 437 Madison Avenue
  • MedRite leased 4,200 SF at 330 West 42nd St
  • FILA leased 4,087 SF at 340 Madison Ave
  • RFR Realty leased 4,066 SF at 275 Madison Avenue
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • CTSH LLC Deli leased 3,800 SF at 633 Third Ave
  • Panache Lingerie leased 3,800 SF at 286 Madison Avenue
  • Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St

C2 Media Testimonial

C2 Media testimonial To Whom It May Concern: I would like to highly commend Robert King for his professional assistance in helping me locate a new corporate office. Locating the right space takes time, and I was impressed with Robert’s patience not only with myself but with my overseas executives. He never tired of our endless meetings and requests. We found a space we love. And in spite of us concluding our deal, Robert every so often comes by to chat and make sure all is going well professionably and personally. I enthusiastically recommend Robert and Optimal Spaces to anyone looking for space in New York City. Sincerely, Evelyn Pabon Product and Sales Manager C2 Inc. - Contempo Group
🤝
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.
🗂️
Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
🐷
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?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
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.
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Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
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