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Rent Office 120 East 23rd Street, New York, NY

$ / SF / Yr SF Monthly Rent
$ 66.5

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Madison Ave & East 29th Street $ 59
10,500
$ 51,625
Park Ave S & Between East 19th Street $ 60
7,700
$ 38,500
Fifth Ave & East 21st Street $ 69
7,300
$ 41,975
Fifth Ave & East 19th Street $ 77
8,800
$ 56,466
Fifth Ave & East 16th Street $ 42
10,100
$ 35,350
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 21st Street $ 71
5,200
$ 30,766
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
E 16th St & Park Avenue South $ 64.5
3,400
$ 18,275
Address $ / SF / Yr 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 / Yr SF Monthly Rent
Madison Ave & East 25th Street $ 92
9,100
$ 69,766
Park Ave S & East 20th Street $ 81
13,000
$ 87,750
Address $ / SF / Yr SF Monthly Rent
Park Ave S & East 17th Street $ 95
4,000
$ 31,666
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Madison Ave & East 29th Street $ 61
8,300
$ 42,191
E 23rd St & Park Avenue $ 42
18,400
$ 64,400
Broadway & East 20th Street $ 70.5
18,200
$ 106,925
Park Ave S & Between East 19th Street $ 67
7,700
$ 42,991
Park Ave S & East 27th Street $ 75
8,700
$ 54,375
Fifth Ave & East 29th Street $ 79
12,500
$ 82,291
Park Ave S & East 27th Street $ 91
23,800
$ 180,483
Park Ave S & East 27th Street $ 69.5
13,100
$ 75,870
E 26th St & Fifth Avenue $ 125
12,100
$ 126,041
Park Ave S & East 26th Street $ 48.5
12,000
$ 48,500
Address $ / SF / Yr SF Monthly Rent
Broadway & Between East 19th Street $ 76.5
5,300
$ 33,787
E 23rd St & Park Avenue $ 41
6,100
$ 20,841
Broadway & East 20th Street $ 75
3,700
$ 23,125
Fifth Ave & East 29th Street $ 72
4,700
$ 28,200
Park Ave S & East 26th Street $ 71
3,900
$ 23,075
Park Ave S & East 26th Street $ 75
2,700
$ 16,875
University Pl & East 12th Street $ 49
6,500
$ 26,541
Broadway & East 18th Street $ 71.5
2,500
$ 14,895
Union Sq W & East 16th Street $ 67
3,700
$ 20,658
Address $ / SF / Yr SF Monthly Rent
Broadway & Between East 19th Street $ 75
2,200
$ 13,750
E 23rd St & Third Avenue $ 45.5
2,400
$ 9,100
Park Ave S & East 26th Street $ 63
2,100
$ 11,025
Fifth Ave & East 29th Street $ 72.6
2,000
$ 12,100
Broadway & East 18th Street $ 73.5
1,800
$ 11,025
Address $ / SF / Yr SF Monthly Rent
E 19th St & Broadway $ 52.5
7,700
$ 33,687
Madison Ave & East 30th Street $ 39.5
11,000
$ 36,208
Address $ / SF / Yr SF Monthly Rent
E 23rd St & Park Avenue $ 35
2,800
$ 8,166
E 19th St & Broadway $ 53.5
5,500
$ 24,520
Fifth Ave & East 29th Street $ 58
2,500
$ 12,083
Fifth Ave & Between East 28th Street $ 51.5
5,000
$ 21,458
Address $ / SF / Yr SF Monthly Rent
E 28th St & Park Avenue South $ 38.5
2,300
$ 7,379
Broadway & East 21st Street $ 74.5
1,800
$ 11,175

Retail Spaces for Rent at 120 E 23rd St

Rent Retail 120 E 23rd St

Rent Medical Space at 120 E 23rd St

Nearby Office Tenants Leased
  • IBM leased 27,699 SF at 19 Union Square West
  • Riskified leased 27,000 SF at 220 Fifth Avenue
  • EY leased 26,919 SF at 841 Broadway
  • Sugar Publishing leased 26,250 SF at 386 Park Ave South
  • Girl Scouts of Greater New York leased 26,000 SF at 43 West 23rd St
  • Math For America leased 25,335 SF at 915 Broadway
  • Knotel leased 24,000 SF at 5-9 Union Square West
  • Pentagram Design leased 23,906 SF at 250 Park Avenue South
  • Sound Lounge leased 22,476 SF at 149 Fifth Ave
  • Knotel leased 20,000 SF at 72 Madison Avenue
Nearby Retail Tenants Leased
  • Pret A Manger leased 4,300 SF at 821 Broadway
  • Bonobos Guideshop leased 4,000 SF at 95 Fifth Ave
  • Mexican Hospitality Operator LLC leased 3,700 SF at 35 East 21st St
  • Wireless Generation leased 3,613 SF at 11 East 26th St
  • Brideside Bride leased 3,500 SF at 20 East 20th Street
  • Damien Scoditti leased 3,500 SF at 920 Broadway
  • Insignia leased 3,286 SF at 276 Fifth Avenue
  • CorePower Yoga leased 3,079 SF at 29 West 30th Street
  • Exki leased 3,000 SF at 76 Madison Ave
  • Maison Kayser leased 3,000 SF at 841 Broadway
$ / SF SF Monthly Rent
Please notify me when a new space is available
Tenant Broker’s Perspective:

Strategically positioned at the intersection of the Flatiron District and Gramercy Park, 120 East 23rd Street offers a premier investment or leasing opportunity within Manhattan’s high-demand Midtown South submarket. This asset benefits from exceptional transit connectivity near the 6 and R/W subway lines, making it a magnet for TAMI sector tenants who prioritize proximity to Madison Square Park and a vibrant live-work-play environment. From a brokerage perspective, the building's flexible floor plates and classic architectural character provide a competitive edge for creative office conversions or flagship retail, ensuring long-term value retention in one of NYC’s most resilient commercial corridors.

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Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe a fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

120 East 23rd Street, New York, NY Property Overview

Building Address: 120 E 23rd St, New York NY 10010
Building Alternate Address: 120 E 23rd St, New York, NY
Zip Code:10010
Neighborhood:Gramercy Park
Borough:Manhattan
Stories:0
Year Built:1912
Building Class:C
Block & lot:00878-0065

120 East 23rd Street, New York, NY 10010, is a 12-story office building situated in the Gramercy Park neighborhood of Manhattan. It was built in 1913 and significantly altered in 2011. The building has a total floor area of approximately 200,757 square feet. Its current tax assessor's market value is about $52,693,000.

120 East 23rd Street, Manhattan, NYC is located in the vibrant neighborhood of Gramercy Park. The building, constructed in 1913 and last renovated in 2011, features 12 floors and a total area of 200,757 square feet.

The property was sold in November 2017 for $28,050,000 and has a current market value of approximately $52,693,000. While primarily an office building, it offers various amenities and is situated in a dynamic area with proximity to multiple attractions.

Alternate addresses associated with this property include 115-119 East 22nd Street and 114-120 East 23rd Street.


120 East 23rd Street offers a contemporary and highly professional workspace with various amenities, including:

  • Aircon: Ensures a comfortable working environment.
  • ADA Compliant: Accessible for all users.
  • Double Pane Windows: Reduces noise and energy bills.
  • Elevators: Easy access to all floors.
  • Men's & Women's Restroom: Separate facilities for convenience.
  • Administration Support: Available for administrative needs.
  • Copy Print Center: Accessible for printing and copying.
  • Lobby with Attendant: Welcoming entrance for clients and visitors.
  • Broadband Internet Access: High-speed internet for productivity.
  • WiFi Access: Reliable wireless internet.
  • Janitorial Services: Regular cleaning maintained.
  • Conference Room(s): Ideal for meetings and presentations.
  • Kitchen Facilities: Stocked with specialist fruit infused waters and micro-roasted coffee.
  • Lounge(s): Spacious communal areas for relaxation and networking.

Strategically located near several subway lines, offering easy access to Manhattan and beyond.


120 East 23rd Street in Manhattan, NYC offers a vibrant office space located within the Flatiron District. This area is renowned for its convenience, diversity, and creativity, making it an attractive location for businesses. The building provides three consecutive floors totaling 64,800 square feet, ready for tenant installation, as well as pre-built, move-in condition space on the ground and lower levels.

The office space is designed to offer flexible layouts, making it ideal for companies looking for modern and collaborative work environments.

The location benefits from excellent transportation links and proximity to local amenities such as restaurants, retails shops, and parks.


Internet Providers at 120 E 23rd St, Manhattan, NYC:

  • EarthLink Fiber: High-speed fiber internet up to 5 Gbps
  • Verizon Fios Fiber: 100% fiber-optic network with speeds up to 940 Mbps
  • Xfinity: Cable internet with speeds up to 1 Gbps
  • Spectrum: Fast cable internet with download speeds starting at 100 Mbps
  • RCN: Fiber-optic internet with speeds up to 1000 Mbps

120 E 23rd St, Manhattan, NYC, is conveniently located near several transportation options. The cross streets are 1st Avenue and 2nd Avenue. Public transportation near this location includes multiple bus routes like M101, M15, M23-SBS, and subway lines such as the 6 and L trains.
Nearby Office Tenants Leased
  • IBM leased 27,699 SF at 19 Union Square West
  • Riskified leased 27,000 SF at 220 Fifth Avenue
  • EY leased 26,919 SF at 841 Broadway
  • Sugar Publishing leased 26,250 SF at 386 Park Ave South
  • Girl Scouts of Greater New York leased 26,000 SF at 43 West 23rd St
  • Math For America leased 25,335 SF at 915 Broadway
  • Knotel leased 24,000 SF at 5-9 Union Square West
  • Pentagram Design leased 23,906 SF at 250 Park Avenue South
  • Sound Lounge leased 22,476 SF at 149 Fifth Ave
  • Knotel leased 20,000 SF at 72 Madison Avenue
Nearby Retail Tenants Leased
  • Pret A Manger leased 4,300 SF at 821 Broadway
  • Bonobos Guideshop leased 4,000 SF at 95 Fifth Ave
  • Mexican Hospitality Operator LLC leased 3,700 SF at 35 East 21st St
  • Wireless Generation leased 3,613 SF at 11 East 26th St
  • Brideside Bride leased 3,500 SF at 20 East 20th Street
  • Damien Scoditti leased 3,500 SF at 920 Broadway
  • Insignia leased 3,286 SF at 276 Fifth Avenue
  • CorePower Yoga leased 3,079 SF at 29 West 30th Street
  • Exki leased 3,000 SF at 76 Madison Ave
  • Maison Kayser leased 3,000 SF at 841 Broadway

Finnerty Economic Consulting, LLC. Testimonial

Finnerty Economic Consulting, LLC. testimonial To Whom It May Concern: My firm engaged Optimal Spaces when I searched for professional office space in New York City in 2005 and again in 2012 when the first lease expired and we decided to look for better office space in midtown Manhattan. I leased office space at 60 East 42"d Street in 2005 and office space at 122 East 42"d Street in 2012 with Stephen's assistance. When I sold my business to AlixPartners in 2014, I recommended that AlixPartners retain Optimal Spaces to negotiate a termination ofthe lease at 122 East 42"d Street. I worked very closely with Stephen Sunderland, Senior Managing Director of Optimal Spaces, during both searches for office space as well as during the lease termination process. Stephen is very knowledgeable regarding the Manhattan office market. His advice proved crucial in negotiating two leases and securing the lease termination on favorable terms. He made himself available on short notice to view properties, and he identified a range of lease opportunities in various locations at different price points. I was able to benefit from his expertise to find suitable space without extensive searching. I would not hesitate to recommend Stephen Sunderland and his firm to anyone who is searching for office space in Manhattan. Very truly yours, John D. Finnerty Managing Principal

Office Buildings in Gramercy Park

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Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 10-15% 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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