Expert Tenant Broker
We represent you, not the landlord
Rent/Lease Office 425 Park Avenue
Lease Office 425 Park Avenue
Rent Sublease Office at 425 Park Avenue
Nearby Sublease office Spaces for Rent
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | $ 111.5 | 25,000 |
$ 232,291 |
| Avenue of the Americas & West 55th Street | $ 64 | 7,300 |
$ 38,933 |
| Madison Ave & East 54th Street | $ 80 | 31,000 |
$ 206,666 |
| Madison Ave & East 60th Street | $ 89 | 9,500 |
$ 70,458 |
| Madison Ave & East 51st Street | $ 75 | 8,100 |
$ 50,625 |
| Avenue Of The Americas & West 47th Street | $ 58 | 10,000 |
$ 48,333 |
| Park Ave & East 57th Street | $ 160 | 10,800 |
$ 144,000 |
| Madison Ave & East 59th Street | $ 99 | 8,300 |
$ 68,475 |
| E 53rd St & Fifth Avenue | $ 79 | 12,200 |
$ 80,316 |
| Fifth Ave & West 52nd Street | $ 130 | 10,300 |
$ 111,583 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Park Ave & East 54th Street | $ 85 | 5,600 |
$ 39,666 |
| Fifth Ave & East 56th Street | $ 85 | 4,400 |
$ 31,166 |
| Lexington Ave & East 50th Street | $ 54 | 4,000 |
$ 18,000 |
| Avenue of the Americas & West 55th Street | $ 62 | 6,200 |
$ 32,033 |
| Fifth Ave & West 52nd Street | $ 78 | 4,400 |
$ 28,600 |
| Madison Ave & East 49th Street | $ 69 | 5,500 |
$ 31,625 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 49th Street | $ 76.5 | 2,200 |
$ 14,025 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 60th St & Madison Avenue | $ 65 | 4,200 |
$ 22,750 |
| W 57th St & Avenue of the Americas | Negotiable | 5,100 |
Negotiable |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | Negotiable | 2,300 |
Negotiable |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| 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 |
|---|---|---|---|
| W 57th St & Avenue of the Americas | $ 105 | 15,800 |
$ 138,250 |
| Fifth Ave & East 55th Street | $ 157.5 | 19,300 |
$ 253,312 |
| Park Ave & East 58th Street | $ 125 | 11,300 |
$ 117,708 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Third Ave & East 49th Street | $ 50 | 4,300 |
$ 17,916 |
| Park Ave & East 54th Street | $ 79.5 | 3,500 |
$ 23,187 |
| Park Ave & East 58th Street | $ 125 | 4,000 |
$ 41,666 |
| Third Ave & East 49th Street | $ 73 | 3,800 |
$ 23,116 |
| Madison Ave & East 55th Street | $ 65 | 5,000 |
$ 27,083 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Third Ave & East 49th Street | $ 60 | 2,000 |
$ 10,000 |
| E 52nd St & Lexington Avenue | $ 64 | 2,400 |
$ 12,800 |
| Madison Ave & East 55th Street | $ 76 | 2,300 |
$ 14,566 |
| Madison Ave & East 48th Street | $ 70 | 1,800 |
$ 10,500 |
| Fifth Ave & West 47th Street | $ 73 | 1,900 |
$ 11,558 |
| Avenue of the Americas & West 51st Street | $ 84 | 2,200 |
$ 15,400 |
| Rockefeller Plz & West 50th Street | $ 92 | 1,600 |
$ 12,266 |
| Park Ave & East 56th Street | $ 98 | 1,900 |
$ 15,516 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 48th St & Avenue of the Americas | $ 58 | 12,500 |
$ 60,416 |
| 5th Ave & West 47th Street | $ 63 | 8,000 |
$ 42,000 |
| E 59th St & Madison Avenue | $ 180 | 9,700 |
$ 145,500 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Park Ave & East 59th Street | $ 69.5 | 6,200 |
$ 35,908 |
| Madison Ave & East 49th Street | $ 55.55 | 3,400 |
$ 15,739 |
| E 48th St & Madison Avenue | $ 55 | 4,600 |
$ 21,083 |
| E 52nd St & Fifth Avenue | $ 42.5 | 3,400 |
$ 12,041 |
| W 57th St & Avenue of the Americas | $ 68 | 4,100 |
$ 23,233 |
| E 55th St & Third Avenue | $ 47 | 2,900 |
$ 11,358 |
| E 58th St & Third Avenue | $ 50 | 3,400 |
$ 14,166 |
| E 59th St & Second Avenue | $ 93.3 | 3,200 |
$ 24,880 |
| E 61st St & Second Avenue | $ 61 | 2,500 |
$ 12,708 |
| E 49th St & Between Fifth Avenue | $ 27 | 3,300 |
$ 7,425 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Lexington Ave & Lexington Avenue | $ 44.5 | 2,500 |
$ 9,270 |
| E 60th St & Madison Avenue | $ 55 | 1,600 |
$ 7,333 |
| Park Ave & East 59th Street | $ 65 | 2,100 |
$ 11,375 |
| E 56th St & Park Avenue | $ 59 | 1,900 |
$ 9,341 |
| E 48th St & Madison Avenue | $ 55 | 2,400 |
$ 11,000 |
| W 57th St & Avenue of the Americas | $ 67 | 1,600 |
$ 8,933 |
| E 60th St & Fifth Avenue | $ 54 | 2,200 |
$ 9,900 |
| E 58th St & Third Avenue | $ 52 | 1,900 |
$ 8,233 |
| Madison Ave & East 49th Street | $ 65 | 2,000 |
$ 10,833 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 47th St & Avenue of the Americas | $ 52.5 | 7,100 |
$ 31,062 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 59th St & Madison Avenue | $ 61.5 | 4,000 |
$ 20,500 |
| E 59th St & Between Second Avenue | $ 65.5 | 6,500 |
$ 35,479 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 47th St & Avenue of the Americas | $ 53 | 2,000 |
$ 8,833 |
Retail Spaces for Rent at 425 Park Avenue
Rent Retail 425 Park Avenue
Rent Medical Space at 425 Park Avenue
Office Tenants Rented / Leased 425 Park Avenue
- Citadel leased 124,000 SF
- Citadel leased 200,000 SF
- Keller Williams Realty leased 25,000 SF
Nearby Office Tenants Leased
- VF Sportswear leased 168,000 SF at 40 West 57th St
- Capital One leased 164,488 SF at 299 Park Ave
- WeWork leased 159,300 SF at 12 East 49th Street
- Linklaters leased 158,000 SF at 1345 Avenue of the Americas
- Scripps Networks leased 154,489 SF at 75 Ninth Ave
- Open Society Foundations leased 152,000 SF at 224 West 57th St
- Cantor Fitzgerald leased 151,890 SF at 110 East 59th Street
- AllianceBernstein leased 151,500 SF at 1345 Sixth Ave
- Nike leased 147,000 SF at 855 Sixth Ave
- Aetna leased 145,000 SF at 61 Ninth Avenue
- CB2 leased 13,265 SF at 979 Third Ave
- The Donnell Library Center leased 13,124 SF at 485 Lexington Ave
- Club Monaco leased 13,000 SF at 597 Fifth Avenue
- Guess leased 13,000 SF at 575 Fifth Ave
- 16" on Center leased 13,000 SF at 601 West 26th Street
- Lyceum Kennedy International School leased 12,708 SF at 815 Second Avenue
- Nusr-Et leased 12,176 SF at 412 West 15th Street
- Tourneau leased 12,050 SF at 601 Madison Avenue
- North Fork Bank leased 12,000 SF at 57 West 57th St
- Duane Reade leased 11,717 SF at 575 Lexington Ave
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Please notify me when a new space is available | ||
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 Plaza District neighborhood.
Find My Space!
Thank you! we will be in touch.
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 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
425 Park Avenue Property Overview
| Building Address: | 425 Park Avenue, New York NY 10022 |
| Building Alternate Address: | 425 Park Ave |
| Zip Code: | 10022 |
| Neighborhood: | Plaza District |
| 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
Office Tenants Rented / Leased 425 Park Avenue
- Citadel leased 124,000 SF
- Citadel leased 200,000 SF
- Keller Williams Realty leased 25,000 SF
Nearby Office Tenants Leased
- VF Sportswear leased 168,000 SF at 40 West 57th St
- Capital One leased 164,488 SF at 299 Park Ave
- WeWork leased 159,300 SF at 12 East 49th Street
- Linklaters leased 158,000 SF at 1345 Avenue of the Americas
- Scripps Networks leased 154,489 SF at 75 Ninth Ave
- Open Society Foundations leased 152,000 SF at 224 West 57th St
- Cantor Fitzgerald leased 151,890 SF at 110 East 59th Street
- AllianceBernstein leased 151,500 SF at 1345 Sixth Ave
- Nike leased 147,000 SF at 855 Sixth Ave
- Aetna leased 145,000 SF at 61 Ninth Avenue
- CB2 leased 13,265 SF at 979 Third Ave
- The Donnell Library Center leased 13,124 SF at 485 Lexington Ave
- Club Monaco leased 13,000 SF at 597 Fifth Avenue
- Guess leased 13,000 SF at 575 Fifth Ave
- 16" on Center leased 13,000 SF at 601 West 26th Street
- Lyceum Kennedy International School leased 12,708 SF at 815 Second Avenue
- Nusr-Et leased 12,176 SF at 412 West 15th Street
- Tourneau leased 12,050 SF at 601 Madison Avenue
- North Fork Bank leased 12,000 SF at 57 West 57th St
- Duane Reade leased 11,717 SF at 575 Lexington Ave
Recent News About 425 Park Avenue
TPG Rewards Testimonial
To whom it may concern,
This letter is written in support of Mr. Stephen Sunderland.
Mr. Sunderland acted as our advisor and broker in our recent search for office space in Manhattan. From our first meeting Mr. Sunderland sought to understand our location, price, office layout and square footage needs. He closely accessed our initial needs, and made realistic suggestions to improve on them. The true measure of Mr. Sunderland's professionalism is that he delivered listings, and ultimately a deal, that closely related to our initial wishes and needs. Throughout our relationship he gave us sound advice as to the pros and cons of each location, and later on how to best work with the landlord in order to create an amicable deal.
Mr. Sunderland is a knowledgeable real estate professional who I recommend without any reservation.
Sincerely,
John S Galinos,President and CEO,
TPG Rewards Inc,
111 John Street,27th Floor
New York, NY 10038.
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.
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.
Find My Space!