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425 Park Ave

Midtown East, New York, NY
Floors
31
Total Size
620,000 sqft
Lot Size
1 acres
Year Constructed
1957
Year Renovated
2007
Number of Buildings
1

Features

Close To Public Transit

About 425 Park Ave

This New York City office space for rent is located at 425 Park Ave in Midtown East, Manhattan. Originally built in 1957, the building was renovated in 2007 to include modern amenities. Situated on a generously-sized lot, this office building has 31 floors, with over half a million square feet of rentable space. The average space for rent is 8,000 square feet.

The Midtown East location of 425 Park Ave makes it the perfect place for residential or commercial use, surrounded by business offices on all sides. The first full-block building built on Park Avenue in over 50 years, this space is unique and spacious.

425 Park Ave offers all of the luxuries of modern industry, with tenant-controlled AC and heat, updated elevators, reception services, IT support, conference rooms, video capabilities, and newly-installed electrics.

For those who need to commute from other parts of the city, 425 Park Ave is located near to many major subway and bus lines, as well as taxi kiosks that run 24/7. The building is located near to the historic Madison Ave and Lexington areas.

Built for modern architecture-lovers, 425 Park Ave shines in brilliantly sleek professionalism, with stainless steel framing and large windows that allow tenants to take in the entire city at a glance.

Internet Providers for 425 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
tw telecom Fiber
10 Gb/s
10 Gb/s
Cogent Communications Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Midtown East

The typical asking rate per listing is 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 region.

Median Rate Median Size
Midtown East $83
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in Midtown East