About the Building

Step into the new class of classic.

Built in 1929, the 21-story, roughly 180,000-square-foot property is located between East 47th and 48th Streets and includes 6,800 square feet of ground-floor retail space.

This trophy office and retail Art Deco building mostly caters to small-office users, many of which take advantage of its prebuilt suites ranging up to 10,500 square feet and shared tenant lounge and conference room facilities.
The landlord offers pre-built office spaces so “tenants can drop into the building pretty quickly,” she said. The décor also “hits the spot,” with high ceilings and lots of glass. The building appeals to small tenants because “the owner can be nimble” in that the landlord can work with a tenant to provide expansion options!

This building property offers high-end prebuits & build-to-suit offices that range in size from 1,500 SF. to 10,500 SF. for a full-floor plate.

With more established businesses, including Fortune 500 companies, the building’s array of flexible headquarter space continues to increase the Grand Central neighborhood’s deep-seated value as the premiere destination for top quality class A offices in Manhattan. The significant investment and interest in the area as a result of the Midtown East Rezoning—most notably the recent commitment to the area by [J.P Morgan Chase]—is a testament to what the future holds for this location and asset.

Today the property currently enjoy a 95 percent lease rate which equates out to 40 tenants.
Despite being nearly 90 years old, the company credits the building’s “best-in-class boutique” standing as well as its close proximity Grand Central Station for its strong market value.

Building Features
• Boutique Floorplates
• (5) Private Outdoor Terraces
• Exceptional Light & Air
• Extremely High Frontage to Depth Ratio
• New Tenant Lobby
• New Tenant Lounge & Conference Center which offers a “Club-Like Appeal”
• Extensive Capital Improvement Plan (Renovations); façade work, refurbishing the lobby and conference center and adding a new tenant lounge.

Tenants (Former / Current Roster)
• CitiBank
• Kamakura Shirts (Ground Floor)
• Bluestone Lane(Ground Floor)
• Odyssey Media Group, Inc. (7th Floor)
• LSV Advisors (15th floor)
• Berkshire Property Advisors
• The Magazine Group
• Banque de France (Room 2nd Floor)
• Atlantic-Pacific Capital
• Buzzuto Management
• Robert Marc Eyewear
• David Rozenholc and Associates
• Hdl Ny L.P.
• Maybourne Hotels ltd
• KCK-US, INC.
• LMJ Capital
• Smart Energy
• Portico Holdings
• Saya Capital
• Cipher Capital Partners
• RegenxBio