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Rent/Lease 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
E 42nd St & Lexington Avenue $ 39
55,700
$ 181,025
5th Ave & East 44th Street $ 69
9,600
$ 55,200
Park Ave & East 45th Street $ 100
9,700
$ 80,429
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 54
12,900
$ 58,050
Address $ / SF SF Monthly Rent
5th Ave & East 44th Street $ 69
7,000
$ 40,250
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
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
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 $ 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 $ 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 $ 80
12,100
$ 81,170
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 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 $ 65
14,600
$ 79,083
Vanderbilt Ave & East 44th Street $ 80
8,100
$ 54,337
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 $ 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 $ 56
4,800
$ 22,400
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 $ 60
3,800
$ 19,000
E 44th St & Third Avenue $ 48
4,500
$ 18,000
Madison Ave & East 40th Street $ 76
3,900
$ 24,537
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
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 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
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 $ 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 $ 50
1,600
$ 6,733

Retail Spaces for Rent at 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
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
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
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St

Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
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
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl

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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.

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