Monday June 17, 2024

450 Lexington Avenue

450 Lexington Avenue is a distinguished 38-story office building strategically situated in the bustling East Midtown neighborhood of Manhattan, New York City. Completed in 1992, this modern tower elegantly rises above the historic Grand Central Post Office, seamlessly integrating the old and new architectural elements. The building’s facade is clad in Sardinian gray granite, featuring a unique diamond motif that accentuates its setbacks and crown, creating a striking visual presence.

Designed by the renowned architectural firm Skidmore, Owings & Merrill, 450 Lexington Avenue offers approximately 915,000 square feet of Class-A office space. The majority of the building’s floors are column-free, with rentable areas ranging from 21,000 to 36,000 square feet, allowing for flexible and efficient office layouts. Tenants can enjoy floor-to-ceiling windows that provide panoramic views of iconic landmarks such as the Helmsley Building and the Chrysler Building.

The ground floor lobby retains the grandeur of the Grand Central Post Office, adorned with granite and marble finishes. The garden lobby walls are finished in hand-rubbed mahogany and polished honey-beige marble, exuding an aura of sophistication. Tenants benefit from 24/7 secure building access, a key card entry system, a lobby attendant, and a messenger center. Additional amenities include bike storage, communal lobby space, 15 passenger elevators, two service elevators, and turnstiles.

The building’s prime location, just one block from Grand Central Terminal, offers unparalleled convenience for commuters and easy access to a variety of fine dining, upscale shopping, and high-end hotels. Current notable tenants include Brixmor Property Group, Davis Polk & Wardwell, Herbert Smith Freehills, Warburg Pincus, and WeWork. The building enjoys a high occupancy rate, reflecting its desirability among prestigious tenants.

450 Lexington Avenue is ideally suited for high-end tenants such as hedge funds, private equity firms, and law firms, offering private offices, conference rooms, staff pantries, formal receptions, and large open work areas. The absence of convector units allows for unobstructed, full-height exposures to the north, south, and west, ensuring abundant natural light.

In 2023, the building saw significant activity with Davis Polk & Wardwell expanding their lease, reaffirming their long-term commitment. RXR Realty, the current owner, is dedicated to maintaining the building’s premier status through ongoing upgrades and renovations, ensuring that it continues to meet the evolving needs of its tenants. This combination of historic charm, modern amenities, and a prime location makes 450 Lexington Avenue an exceptional choice for businesses seeking a prestigious address in the heart of Manhattan.

Office Space at 450 Lexington Avenue Today

450 Lexington Avenue offers a variety of premium office spaces designed to meet the needs of high-end tenants. This 38-story Class-A office building provides modern, flexible office layouts within a historic and prestigious setting in the heart of Manhattan’s East Midtown. Here’s an overview of the types of office spaces available today:

  1. Private Offices: The building features private offices tailored for businesses that require confidentiality and a professional environment. These spaces are ideal for law firms, hedge funds, and private equity firms. The private offices offer ample natural light thanks to the floor-to-ceiling windows and unobstructed views, as the design avoids the use of convector units that typically block windows.

  2. Conference Rooms: Designed to facilitate high-level meetings and presentations, the building includes state-of-the-art conference rooms. These spaces are equipped with the latest technology to support seamless business operations and are finished with high-quality materials to create a sophisticated atmosphere.

  3. Staff Pantries: To support the daily needs of employees, the building offers well-appointed staff pantries. These areas are designed for convenience, providing a comfortable space for staff to prepare meals and take breaks.

  4. Formal Receptions: The building boasts elegant formal reception areas, creating a strong first impression for clients and visitors. These reception spaces are crafted with high-end finishes, including polished honey-beige marble and hand-rubbed mahogany, reflecting the building’s commitment to quality and style.

  5. Large Open Work Areas: For businesses that thrive on collaboration, 450 Lexington Avenue offers expansive open work areas. These spaces are designed to foster a collaborative and nurturing professional environment, making them perfect for start-ups and companies focused on team-oriented projects.

  6. Communal Lobby Space: The building’s communal lobby areas provide additional spaces for informal meetings and networking. These spaces are part of the building’s effort to create a vibrant and interactive professional community.

  7. Tenant-Specific Modifications: RXR Realty, the building’s owner, is committed to accommodating the specific needs of incoming tenants. The landlord is willing to modify existing installations to suit tenant requirements, ensuring that each office space is perfectly tailored to support the tenant’s business operations.

450 Lexington Avenue also provides extensive amenities, including 24/7 secure access, bike storage, a key card building entry system, a lobby attendant, a messenger center, 15 passenger elevators, and two service elevators. The building’s proximity to Grand Central Terminal offers exceptional convenience for commuters and easy access to upscale dining, shopping, and hotel options. This blend of modern office space, historic charm, and prime location makes 450 Lexington Avenue an ideal choice for businesses seeking a prestigious and functional office environment in New York City.

Companies who favor this Location

  • Spear Street Capital 2023 Expansion
  • Davis Polk 2023 Renewal/Expansion
  • PSP Investments 2023 Expansion
  • PSP Investments 2023 Renewal
  • Nagashima Ohno & Tsunematsu 2019 New Lease
  • Warburg Pincus 2019 Renewal
  • Montefiore Medical Center 2019 New Lease
  • StepStone Group 2018 New Lease
  • PSP Investments 2016 Renewal
  • Davis Polk 2012 Renewal
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Near By Transportation
  • 4, 5, 6 Trains 0.13 mi, at Grand Central – 42 Street
  • 7, Train 0.13 mi, at Grand Central – 42 Street
  • S, Train 0.2 mi, at Grand Central – 42 Street
  • 6, Train 0.31 mi, at 51 Street
  • E, M, Trains 0.43 mi, at Lexington Av/53 Street
Notable Buildings in the Area

These comparable properties share several attributes with 450 Lexington Avenue, such as prime Midtown locations, modern amenities, and proximity to major transportation hubs like Grand Central Terminal. Each building offers a mix of high-quality office spaces, advanced infrastructure, and accessibility, making them ideal for businesses seeking prestigious and strategically located office environments.

383 Madison Avenue, New York located in Midtown Manhattan, is a 47-story office tower known for its modern amenities and strategic location. Constructed in 2001, the building boasts a sleek design with advanced infrastructure, catering to top-tier financial and corporate tenants. Its location provides easy access to transportation hubs like Grand Central Terminal, making it a prime spot for businesses that require seamless connectivity. Tenants benefit from state-of-the-art facilities, including high-speed elevators, advanced security systems, and energy-efficient systems, ensuring a productive and comfortable working environment.

12 East 49th Street, New York (Tower 49 / 7-15 East 48th Street) is a prominent 45-story office skyscraper in Midtown Manhattan. Built in 1984, this building offers more than just premium office spaces; it provides panoramic city views and modern amenities. The tower is strategically located between Madison and Fifth Avenues, offering unparalleled access to high-end retail stores, dining establishments, and major corporate headquarters. Tenants enjoy amenities such as a fitness center, conference facilities, and a welcoming lobby with professional security. Its central location makes it an ideal office space for businesses looking to establish a strong presence in New York City.

335 Madison Avenue, New York (Bank of America Plaza) is a 42-story office building that combines historical charm with modern conveniences. Originally constructed in 1921 and later renovated, this building features a mix of classic architectural details and contemporary office spaces. Tenants have access to amenities like high-speed internet, flexible floor plans, and extensive retail options within the building. Its proximity to Grand Central Terminal and major subway lines makes it a highly accessible location for employees and clients alike. The building is home to a diverse mix of tenants, including financial services, law firms, and tech companies.

425 Lexington Avenue, New York (Commerce Place) is a 31-story office building located in the bustling Midtown Manhattan area. Completed in 1987, the building features modern office spaces with expansive views and top-of-the-line amenities. It is situated close to major transportation links, including Grand Central Terminal, providing excellent accessibility for commuters. The building offers a range of amenities such as conference rooms, a fitness center, and 24/7 security. Its prime location and high-quality office spaces make it a preferred choice for prestigious law firms, financial institutions, and multinational corporations.

Alternate Addresses

104-110 East 45th Street

Zip Code
10017