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Rent/Lease Office 120 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 $ 2232 $ 775
Interior office/person $ 1350 $ 1732 $ 525
Team Rooms $ 10100 $ 8982 $ 5025
Suites $ 20100 $ 12982 $ 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 120 East 42nd Street

Rent Medical Space at 120 East 42nd Street

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 120 East 42nd Street. This trend is projected to continue. Opportunities for subleases remain available at 120 East 42nd Street and in the nearby Grand Central neighborhood.
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120 East 42nd Street nyc
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120 East 42nd Street Property Overview

Building Address: 120 East 42nd Street, New York NY 10017
Building Alternate Address: 120 E 42nd St
Zip Code:10017
Neighborhood:Grand Central
Borough:Manhattan
Stories:5
Year Built:1921
Building Class:B

Located at 120 East 42nd Street in Manhattan, New York City, the building is part of the Bowery Savings Bank complex originally constructed during 1921-1923, with an addition completed between 1931-1933. Designed by the architectural firm York & Sawyer with W. Louis Ayres as the design partner, this building exemplifies Italian Romanesque architecture, distinguished by its use of historic Italian forms and polychrome materials.

The facade reflects a tripartite arrangement of base, shaft, and top. The base, comprising the first five floors, is notably dramatic with a deeply cut, arched entrance reminiscent of a tenth-century Emilian church or basilica facade. This grand entrance features archivolts carved with foliated, spiral, and chevron patterns, allegorical representations on the voussoirs, and bronze mullions enriched with ornamental cast surfaces. The upper office tower floors begin at the fifth floor and culminate with double arcading, corbelled cornices, tiled copings at the mandated setback above the seventeenth story, and a tiled penthouse roof.

Architectural elements such as pink granite colonnettes, verde marble spandrels, and red pantile roofing create a polychrome effect characteristic of the style. The building’s carvings and decorative details are abundant and were intended to dramatize the act of banking itself, transforming the savings bank into a symbol of security and thrift. Inscriptions around the arches reinforce these themes, with phrases like "Devoted To The Service Of Our Citizens That The Fruit of Their Labor May Be Secure" and "Dedicated To The Encouragement Of Thrift - The Moulding Of Character & The Upbuilding Of Americanism."

The 1931-33 addition to the east side of the building houses administrative and public relations departments and gives the building an asymmetrical aspect. The East 42nd Street facade’s historic Italian Romanesque style continues on this addition, maintaining architectural harmony throughout the expanded structure.

Interior features include the first floor banking room with monumental arches, intricate bronze door surrounds, and large windows set within the arches, preserving original bronze mullions and cast ornamentation. The design of the interior spaces reflects the building's ceremonial purpose, dramatizing saving as a ritual through carefully crafted architectural details and artwork.

120 East 42nd Street, Manhattan, NYC is known for housing several notable establishments:
  • 42nd Street Dental Associates: A full-service dental clinic located on the 5th floor.
  • Olivio: An eatery offering a variety of pastries, sandwiches, and specialty coffee drinks.
  • Bowery Savings Bank Building: Originally built in 1932, this building has 4 stories and 6 residential units.
This location is directly accessible via the 4-5-6-S subway lines and is situated near Grand Central Terminal, One Vanderbilt, and Hyatt Grand Central.

120 East 42nd Street, Manhattan, NYC offers several amenities, including:

  • Prime Location: Situated between Park Avenue and Lexington Avenue.
  • Accessibility: Directly accessible via the 4-5-6-S subway lines.
  • Excellent Connectivity: Steps from One Vanderbilt and Hyatt Grand Central.
  • Amenities Nearby: Surrounded by numerous office spaces.

Office Tenants Rented / Leased at 120 East 42nd Street, Manhattan, NYC

120 East 42nd Street, located in the Grand Central neighborhood of Manhattan, is a 5-story Class B office building constructed in 1921 with approximately 34,261 square feet of office space.

Notable Office Tenants

  • 42nd Street Dental
  • Forty Second St Dental Associates: Spatzner Matthew R

Building Features

  • Prime location in the heart of Manhattan's Grand Central area
  • Excellent access to mass transportation including multiple subway lines
  • Typical floor size approximately 3,717 square feet with 11-foot unfinished ceiling height

Internet Providers at 120 East 42nd Street

Verizon Fios
  • Type: Fiber-optic
  • Speeds: 300 Mbps - 2 Gbps
  • Pricing: From $49.99/month
Astound Broadband (RCN)
  • Type: Fiber/Cable
  • Speeds: Up to 1.5 Gbps
  • Pricing: From $35/month
Spectrum
  • Type: Cable
  • Speeds: Up to 1 Gbps
  • Pricing: From $50/month
Optimum
  • Type: Fiber
  • Speeds: Up to 8 Gbps
  • Pricing: Premium plans available

Availability subject to building infrastructure. Contact providers directly for service confirmation.


120 East 42nd Street, Manhattan, NYC is strategically located with excellent transportation options. It is directly accessible via the 4-5-6-S subway lines, offering a significant advantage with 45.7 million average annual ridership. The property is situated between Park Avenue and Lexington Avenue, providing easy access to surrounding amenities and business districts.

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
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

Innisfree Mergers and Acquisitions Testimonial

Innisfree Mergers and Acquisitions testimonial
🤝
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?
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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