100 Park Avenue, New York, NY 10017 – Midtown East / Grand Central
Asking Rent: $80,000/month
Space: 10,889 sq ft
Property Type: Office
Rent per Sq Ft: $7.35/month ($88.20/sq ft annualized)
Property Overview
This 10,889-square-foot office space at 100 Park Avenue represents a premier, full-floor (or multi-floor) corporate headquarters opportunity in one of New York’s most prestigious and historic office towers directly adjacent to Grand Central Terminal. With an asking rent of $80,000 per month, it is tailored for established law firms, financial institutions, global consultancies, or multinational corporations seeking a landmark address with unparalleled transit access, timeless architectural grandeur, and a statement of stability and success. This is a trophy space for firms where location, prestige, and convenience are paramount.
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Space Highlights
- Large-format corporate office space of 10,889 sq ft, likely encompassing a full floor with exceptional column-free space or elegant pre-war layouts.
- Located in the historic 100 Park Avenue building (formerly the Panhellenic Tower), known for its distinctive Gothic Revival architecture, grand lobby, and high-quality construction.
- Features likely include high ceilings, oversized windows offering abundant natural light and views, premium finishes, and traditional yet prestigious detailing.
- Suitable for a major law firm, investment bank, private equity firm, global consultancy, or corporate headquarters requiring a formal, impressive environment for clients and staff.
- Will require a significant, high-end custom build-out to create partner offices, conference rooms, boardrooms, and support spaces befitting a top-tier firm.
Location & Neighborhood
- Iconic Midtown East location at the corner of Park Avenue and 40th Street, directly facing Grand Central Terminal.
- Address carries immense prestige and is synonymous with New York’s business elite.
- Unrivaled transit access: direct indoor access to Grand Central Terminal, serving Metro-North and subway lines (4/5/6/7/S), with easy walking access to Penn Station and countless bus lines.
- Surrounded by other landmark office towers, luxury hotels, fine dining, and major corporate headquarters.
- Walkable to Bryant Park, the New York Public Library, Times Square, and the United Nations.
Summary
Priced at $80,000/month ($7.35/sq ft/month), this 10,889 sq ft office space at 100 Park Avenue is a premium offering for a blue-chip corporate tenant. The annualized rent of $88.20 per square foot is competitive for a full-service, landmark building with a Grand Central address. This space is not merely an office; it is a strategic asset that enhances a firm’s brand, facilitates recruitment of top talent, and provides unmatched convenience for a commuter workforce. It is ideal for an organization making a long-term statement about its position in the market, valuing tradition, accessibility, and an address that conveys authority and permanence in the heart of Manhattan’s business world.
