For Lease – 120 Park Avenue, New York, NY 10017
Asking Rent: $90,000 / month
Size: 24,887 SF
Property Type: Office
Property Overview
120 Park Avenue offers a 24,887 SF full-floor office opportunity in one of Midtown East’s most prestigious corporate towers. Located directly across from Grand Central Terminal, this Class A building provides unmatched visibility, connectivity, and infrastructure.
This expansive floorplate is ideal for headquarters tenants, financial institutions, consulting firms, or large-scale technology and creative users seeking a prominent Park Avenue address.
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Key Features
- Total Size: ≈24,887 SF
- Asking Rent: $90,000 / month
- Annualized Rent: ≈$1,080,000
- Effective Rent per SF: ≈$43/SF annually
- Configuration: Full-floor layout adaptable to perimeter offices, open work areas, conference centers, and collaborative zones
- Building: Premier Class A tower with high-end lobby, 24/7 attended security, and modern elevator systems
- Location: Directly adjacent to Grand Central, providing superior corporate identity and accessibility
Lease & Terms
- Base Rent: $90,000 / month (~$43/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, real estate taxes, and obligations typical for Class A leases
Market Profile
- Location Advantage: Park Avenue frontage at East 42nd Street, directly across from Grand Central Terminal.
- Transit Access: 4/5/6/7/S subway lines, Metro-North Railroad, and multiple bus routes.
- Neighborhood Demand: Anchored by finance, law, consulting, and global corporations in Midtown East.
- Competitive Advantage: Rare 25,000 SF full-floor headquarters block on Park Avenue at an efficient rent under $45/SF annually.
Summary
The 24,887 SF office space at 120 Park Avenue, New York, NY 10017 is offered at $90,000/month (~$43/SF annually). Combining scale, prestige, and direct Grand Central access, this property presents a flagship Midtown East opportunity for anchor tenants.
