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Rent/Lease Office 425 Park Avenue

Lease Office 425 Park Avenue

$ / SF SF Monthly Rent
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$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
W 14th St & Washington Street $ 90
7,900
$ 59,579
Address $ / SF SF Monthly Rent
Greene St & Between Canal Street $ 74
4,900
$ 30,420
Address $ / SF SF Monthly Rent
Broadway & East Houston Street $ 48
1,900
$ 7,520
Address $ / SF SF Monthly Rent
W 27th St & Avenue of Americas $ 35
9,000
$ 26,250
W 23rd St & Avenue of America $ 25
9,000
$ 18,750
W 26th St & Twelfth Avenue $ 65
18,300
$ 99,125
W 25th St & Eighth Avenue $ 40
17,500
$ 58,333
W 27th St & Between 6th Avenue $ 42
7,100
$ 24,850
Address $ / SF SF Monthly Rent
W 27th St & Avenue of the Americas $ 31
5,500
$ 14,336
W 27th St & Seventh Avenue $ 38
3,100
$ 9,816
W 21st St & Avenue of the Americas $ 70
6,400
$ 37,066
W 26th St & Seventh Avenue $ 43
3,800
$ 13,616
Seventh Ave & West 28th Street $ 56
3,400
$ 15,725
W 27th St & Avenue of Americas $ 30
5,700
$ 14,012
W 22nd St & Between 6th Avenue $ 39
4,300
$ 13,975
W 27th St & Between 6th Avenue $ 44
5,000
$ 18,125
Address $ / SF SF Monthly Rent
W 27th St & Seventh Avenue $ 36
1,700
$ 5,100
W 26th St & Avenue of America $ 80
2,000
$ 13,326
W 26th St & Seventh Avenue $ 46
1,600
$ 6,066
Seventh Ave & West 28th Street $ 43
2,300
$ 8,241
W 27th St & Avenue of Americas $ 52
2,000
$ 8,666
Address $ / SF SF Monthly Rent
W 23rd St & Avenue of America $ 39
7,800
$ 25,350
Address $ / SF SF Monthly Rent
W 23rd St & Avenue of America $ 40
5,600
$ 18,666
W 27th St & Seventh Avenue $ 34
4,400
$ 12,466
W 26th St & Eleventh Avenue $ 32
4,000
$ 10,500
W 25th St & Seventh Avenue $ 37
4,900
$ 15,108
Fifth Ave & Between West 13th Street $ 45
2,500
$ 9,375
Address $ / SF SF Monthly Rent
Seventh Ave & West 29th Street $ 40
1,600
$ 5,333
W 27th St & Seventh Avenue $ 35
1,800
$ 5,250
Fifth Ave & Between West 13th Street $ 45
2,000
$ 7,500
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2665 $ 1300 $ 775
Interior office/person $ 1915 $ 800 $ 525
Team Rooms $ 10665 $ 8050 $ 5025
Suites $ 20665 $ 12050 $ 7025

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Seventh Ave & West 29th Street $ 86
7,800
$ 55,900
Fifth Ave & West 21st Street $ 80
15,000
$ 100,000
Address $ / SF SF Monthly Rent
Seventh Ave & West 29th Street $ 52
5,100
$ 22,312
W 28th St & Between 7th Avenue $ 100
2,600
$ 21,666
Address $ / SF SF Monthly Rent
Seventh Ave & West 29th Street $ 54
2,400
$ 10,700
Address $ / SF SF Monthly Rent
W 28th St & Eighth Avenue $ 55
12,800
$ 58,666
W 24th St & Avenue of the Americas $ 61
12,100
$ 61,508
Madison Square W & West 25th Street $ 46
12,500
$ 48,437
W 25th St & Avenue of the Americas $ 69
10,300
$ 59,225
W 21st St & Avenue of the Americas $ 56
13,100
$ 61,133
W 25th St & Eleventh Avenue $ 52
9,000
$ 39,000
Fifth Ave & West 18th Street $ 48
7,000
$ 28,000
W 24th St & Avenue of America $ 53
7,300
$ 32,241
W 29th St & Eight Avenue $ 36
7,500
$ 22,812
W 25th St & Seventh Avenue $ 36
8,000
$ 24,333
W 30th St & Seventh Avenue $ 34
7,700
$ 21,495
W 11th Ave & Between 6th Avenue $ 59
10,400
$ 51,133
W 24th St & Between 6th Avenue $ 66
20,400
$ 112,200
Address $ / SF SF Monthly Rent
W 28th St & Eighth Avenue $ 44
5,800
$ 21,266
W 29th St & Seventh Avenue $ 36
5,500
$ 16,270
W 27th St & Avenue of America $ 40
5,000
$ 16,666
W 27th St & Eleventh Avenue $ 50
2,500
$ 10,416
Seventh Ave & West 28th Street $ 49
5,600
$ 22,866
W 20th St & Avenue of the Americas $ 42
4,000
$ 14,166
W 27th St & Avenue of the Americas $ 30
6,000
$ 15,000
W 21st St & Avenue of the Americas $ 66
2,500
$ 13,854
Address $ / SF SF Monthly Rent
W 27th St & Seventh Avenue $ 38
2,400
$ 7,700
W 20th St & Avenue of the Americas $ 43
1,800
$ 6,450
W 27th St & Avenue of the Americas $ 42
2,400
$ 8,300
W 21st St & Avenue of the Americas $ 66
1,600
$ 8,800
W 25th St & Eleventh Avenue $ 50
2,000
$ 8,401
W 25th St & Seventh Avenue $ 62
2,000
$ 10,333
Seventh Ave & West 30th Street $ 52
1,900
$ 8,312
Broadway & West 25th Street $ 58
2,000
$ 9,666
W 29th St & Avenue of Americas $ 57
1,600
$ 7,600
Fifth Ave & East 30th Street $ 60
2,200
$ 10,908
W 30th St & Eighth Avenue $ 47
1,700
$ 6,658
Broadway & West 26th Street $ 72
2,400
$ 14,500
Address $ / SF SF Monthly Rent
W 26th St & Avenue of the Americas $ 30
9,300
$ 23,637
W 29th St & Seventh Avenue $ 38
7,000
$ 22,166
W 29th St & Eight Avenue $ 40
8,600
$ 28,308
W 27th St & Avenue of Americas $ 43
11,300
$ 40,491
W 20th St & Avenue of the Americas $ 56
11,100
$ 51,800
W 30th St & Eighth Avenue $ 45
7,500
$ 28,125
W 23rd St & Avenue of America $ 63
7,800
$ 40,950
W 19th St & Avenue of Americas $ 57
11,500
$ 54,625
Address $ / SF SF Monthly Rent
W 30th St & Seventh Avenue $ 42
3,400
$ 11,900
W 19th St & 6th Avenue $ 45
4,500
$ 16,875
Seventh Ave & West 29th Street $ 52
2,500
$ 10,833
Address $ / SF SF Monthly Rent
Seventh Ave & West 29th Street $ 48
2,400
$ 9,600
W 29th St & Eight Avenue $ 78
2,400
$ 15,700
W 29th St & Avenue of the Americas $ 36
2,100
$ 6,300
W 27th St & Eighth Avenue $ 42
1,900
$ 6,729
W 29th St & Seventh Avenue $ 36
1,800
$ 5,400
W 21st St & Avenue of the Americas $ 36
2,100
$ 6,300
W 22nd St & Fifth Avenue $ 48
2,100
$ 8,487
W 29th St & Avenue of Americas $ 34
1,600
$ 4,533

Retail Spaces for Rent at 425 Park Avenue

Rent Medical Space at 425 Park Avenue

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 425 Park Avenue. This trend is projected to continue. Opportunities for subleases remain available at 425 Park Avenue and in the nearby Chelsea neighborhood.
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425 Park Avenue Property Overview

Building Address: 425 Park Avenue, New York NY 10022
Building Alternate Address: 425 Park Ave
Zip Code:10022
Neighborhood:Chelsea
Borough:Manhattan
Stories:43
Year Built:1916
Building Class:A

425 Park Avenue, located in Manhattan, NYC, has a rich history dating back to its original construction between 1954 and 1957. Designed by Kahn & Jacobs, it was a pioneering example of modernist architecture on Park Avenue, known for its clean vertical lines and minimalist style. The building was part of a larger transformation of Park Avenue, which had previously been known as Fourth Avenue and was heavily influenced by the New York and Harlem Railroad.

The original 30-story, 388-foot-high building was a significant structure, but it underwent a major redevelopment starting in 2012. Led by L&L Holdings and designed by Foster + Partners, the new 47-story, 893-foot-tall tower was completed to set new standards for modern office spaces. It features a triple-height lobby, green spaces, and a penthouse floor, earning LEED Gold and Well Core certifications.

This redevelopment marked a significant revival of Midtown Manhattan, following in the footsteps of other modern complexes like Hudson Yards and One Vanderbilt. The building's completion and high-profile tenants like Citadel have symbolized the area's resurgence.

425 Park Avenue is a prominent office building in Manhattan, NYC. It is the first full-block office development on Park Avenue in nearly 50 years, located in the heart of the Plaza District.

Designed by Foster + Partners, this 47-story tower features a triple-height lobby, external green spaces, and a penthouse floor. The building is built to LEED Gold standards and has achieved Well Core certification at the Gold level.

It offers approximately 670,000 rentable square feet with floor-to-ceiling glass and views of Central Park. The building was completed in October 2022.


425 Park Avenue, a modernist icon in Manhattan, offers a range of premium amenities:

  • Triple-Height Lobby: A grand entrance that sets the tone for a premium work environment.
  • Private Garage: A 52-space garage with a chauffeur lounge, providing convenience and style.
  • Exclusive Dining: A two-floor restaurant by Chef Jean-Georges Vongerichten, offering culinary excellence.
  • The Diagrid Club: A collaborative space with top-notch food and beverage options, featuring an art installation by Yayoi Kusama and private meditation rooms.
  • Relaxation Areas: Indoor and outdoor gardens for serene spots to unwind and socialize.
  • External Green Spaces: Expansive outdoor areas enhancing the building's appeal.
  • Expansive Social Amenity Level: Designed to foster community and well-being among tenants.
  • 38-Foot-Tall Penthouse Floor: Offering stunning views and a unique work environment.

425 Park Avenue in Manhattan, NYC, is home to several prominent office tenants. The building is approximately 85% leased, with major tenants including:

  • Citadel: Occupies 415,000 square feet, paying a record $300 per square foot for the top floors.
  • Wafra Capital Partners: A Kuwaiti investment firm.
  • Maverick Capital: A hedge fund led by Lee Ainslie.
  • Hellman & Friedman: A private equity firm.
  • GTCR: Another prominent private equity firm.

Internet providers available at 425 Park Avenue, Manhattan, NYC, include:

  • Verizon Fios: Known for its fast, symmetrical fiber-optic speeds and competitive pricing.
  • Spectrum: Offers fast internet speeds with cable services, ideal for bundling with TV.
  • Optimum: Provides high-speed internet with plans reaching up to 8,000 Mbps in select areas.
  • Astound Broadband: Offers affordable high-speed internet plans.

425 Park Avenue, Manhattan, NYC is a prominent location with convenient transportation options.

Nearest Subway Stations:

  • 51st Street Station (4, 6 trains)
  • Lexington Avenue – 53rd Street Station (E, M trains)

Cross Streets:

  • East 55th Street
  • East 56th Street

Public Transportation:

  • Subway: 4, 6, E, M trains
  • Bus: M1, M2, M3, M4, Q32


Vaultus Professional Service Testimonial

Vaultus Professional Service testimonial
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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.
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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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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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