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Rent Office 1 East 42nd Street

$ / 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
Address $ / SF SF Monthly Rent
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
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 57
4,200
$ 20,037
Lexington Ave & East 41st Street $ 25
5,600
$ 11,783
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
E 42nd St & Lexington Avenue $ 50
4,800
$ 20,000
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
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 $ 2100 $ 2228 $ 775
Interior office/person $ 1350 $ 1728 $ 525
Team Rooms $ 10100 $ 8978 $ 5025
Suites $ 20100 $ 12978 $ 7025

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
Third Ave & East 40th Street $ 60
27,700
$ 138,500
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 39th Street $ 70
4,700
$ 27,416
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 $ 81
8,100
$ 54,675
E 42nd St & Park Avenue $ 59
9,700
$ 47,691
Fifth Ave & East 42nd Street $ 58
7,400
$ 35,766
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
E 42nd St & Lexington Avenue $ 64
8,400
$ 45,150
Address $ / SF SF Monthly Rent
Madison Ave & East 41st Avenue $ 56
5,700
$ 26,837
Madison Ave & East 40th Street $ 76
3,600
$ 22,650
Vanderbilt Ave & East 44th Street $ 50
4,000
$ 16,833
Madison Ave & East 39th Street $ 50
2,700
$ 11,362
Lexington Ave & East 41st Street $ 60
3,700
$ 18,654
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
E 44th St & Third Avenue $ 48
4,500
$ 18,000
Madison Ave & East 40th Street $ 75
3,900
$ 24,375
Fifth Ave & East 45th Street $ 84
6,800
$ 47,600
E 45th St & Fifth Avenue $ 55
3,800
$ 17,416
Madison Ave & East 40th Street $ 56
6,900
$ 32,200
Madison Ave & East 41st Avenue $ 62
2,600
$ 13,325
Third Ave & Between East 44th Street $ 66
4,800
$ 26,600
E 42nd St & Madison Avenue $ 70
4,900
$ 28,583
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 66
1,700
$ 9,279
Second Ave & East 43rd Street $ 58
2,300
$ 11,020
Madison Ave & East 39th Street $ 50
1,900
$ 7,995
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
$ 12,250
E 42nd St & Lexington Avenue $ 60
2,200
$ 10,908
E 44th St & Fifth Avenue $ 55
2,200
$ 10,083
Lexington Ave & East 44th Street $ 55
1,500
$ 6,875
Address $ / SF SF Monthly Rent
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 39
7,900
$ 25,675
Fifth Ave & Between East 42nd Street $ 84
9,200
$ 64,016
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 49
3,000
$ 12,250
Fifth Ave & Between East 42nd Street $ 84
6,000
$ 42,000
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 49
1,600
$ 6,533
Tenant Broker’s Perspective: office buildings being demolished or converted to residential 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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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)

1 East 42nd Street Amenities

<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)

Internet at 1 East 42nd Street

  • 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

1 East 42nd Street Access

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.


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