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387 Park Ave

Midtown East, New York, NY

About 387 Park Ave

This office building is located at 387 Park Avenue, New York, NY. Originally built in 1910, this historic building features 12 stories and 215,000 square feet.

Tenants have peace of mind knowing the lobby is attended by professional security 24 hours per day, seven days per week. The building’s security system includes electronic card-key access, electronic security monitoring and a thorough CCTV system.

The building has been completely modernized and features fiber optic telecommunications capabilities and upgraded building systems. Renovated systems include a new, state-of-the-art HVAC system.

387 Park Avenue is within close proximity to Grand Central Station and Penn Station; in addition, a subway entrance is located just a few steps from the entrance. Tenants will find a variety of dining, shopping and services located within a few blocks, from upscale to casual.

Floors offer 19,150 square feet; a total of 100,000 square feet is also available with contiguous plans. The building features operable thermopane windows throughout which adds comfort and convenience for tenants. Amenities vary by office space. In addition, the building features a new private roof deck and rooftop conference facility.

387 Park Avenue South features a glass facade for the lower levels and was designed in a time-honored, historic architectural style. The lower floors have large store fronts with windows complemented by stone columns.

Internet Providers for 387 Park Ave

Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber
10 Gb/s
10 Gb/s
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Cogent Communications Fiber
10 Gb/s
10 Gb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
6 Mb/s
1.5 Mb/s

The Neighborhood: Midtown East

Most listings are in the $80's per square foot per year. The Midtown East region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Midtown East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
Midtown East $83
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,372
sqft

Median Rate over Time in Midtown East