20 East 42nd Street, New York, NY 10017 – Midtown East / Grand Central
Asking Rent: $11,000/month
Space: 1,753 sq ft
Property Type: Office
Rent per Sq Ft: $6.27/month ($75.30/sq ft annualized)
Property Overview
This 1,753-square-foot office space at 20 East 42nd Street offers a premium, competitively priced professional footprint directly in the heart of the Grand Central business district. With an asking rent of $11,000 per month, it is positioned for law firms, financial services, consultancies, tech firms, or creative agencies seeking a prestigious and highly accessible Midtown address. The space provides a balance of classic prestige and modern functionality, ideal for a firm that values proximity to transit, corporate services, and a globally recognized business address.
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Space Highlights
- Spacious professional office of 1,753 sq ft, suitable for a team of 8-15 people in a mix of private offices and open workstations.
- Likely located in a well-appointed, full-service office tower with a professional lobby, high-quality finishes, and efficient floor plates.
- Suitable for boutique financial or law firms, management consultancies, tech startups, or marketing agencies seeking a central corporate identity.
- Will require a custom build-out to create private offices, conference rooms, a reception area, and collaborative spaces tailored to the tenant’s brand and workflow.
- The square footage allows for a comfortable layout with designated areas for client meetings, team collaboration, and focused work.
Location & Neighborhood
- Iconic Midtown East location on East 42nd Street between Madison and Park Avenues, directly adjacent to Bryant Park and the New York Public Library.
- In the epicenter of Manhattan’s corporate and legal world, steps from Grand Central Terminal.
- Surrounded by major bank headquarters, prestigious law firms, consulting offices, and flagship retail.
- Unmatched professional prestige and convenience for clients and employees.
- Exceptional transit access: Direct access to Grand Central Terminal (Metro-North, 4/5/6/7/S trains) and walkable to the B/D/F/M, 7 trains at Bryant Park.
- Highly walkable to Times Square, the Theater District, and Rockefeller Center.
Summary
Priced at $11,000/month ($6.27/sq ft/month), this 1,753 sq ft office space at 20 East 42nd Street offers strong value for a prestigious Grand Central area address. The annualized rent of $75.30 per square foot is competitive for a full-service building in this ultra-convenient submarket. This space is ideal for a growing professional services firm or established company that requires a central, impressive, and efficient workspace to attract talent and service clients. It represents a strategic investment in a location that maximizes employee convenience and reinforces a company’s professional stature in the heart of New York’s business universe.
