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12 East 48th Street

Midtown East

New York, NY 10017

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Building Details

  • Walk Scoreยฎ99
  • Year Built1949
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  • Sample Units

    UnitSizePriceInquire
    Small2,500 sqftInquire for pricing
    Medium5,000 sqftInquire for pricing
    Large10,000 sqftInquire for pricing
    Whole Floor20,000 sqftInquire for pricing
    • 0.01 mi๐ŸบP.J. Moran's
    • 0.02 miโ˜•๏ธCafe K
    • 0.02 mi๐Ÿฅ˜Grasp Grill
    • 0.03 miโ˜•๏ธToasties
    • 0.03 mi๐Ÿฅ˜Hatsuhana
    • 0.04 mi๐Ÿฅ˜Katsuhama
    • 0.04 mi๐Ÿฅ˜China Moon
    • 0.04 mi๐Ÿฅ˜Sushi-tei
    • 0.05 mi๐ŸบMaggie's Place
    • 0.06 miโ˜•๏ธStarbucks Coffee
    • 0.06 mi๐Ÿฅ˜Connolly's
    • 0.06 miโ˜•๏ธAu Bon Pain
    • 0.06 mi๐Ÿฅ˜Friday's
    • 0.06 mi๐Ÿฅ˜Sushiden
    • 0.07 miโ˜•๏ธPret a Manger
    • 0.08 miโ˜•๏ธStarbucks Coffee
    • 0.11 mi๐Ÿฅ˜Wolfgang's Steakhouse
    • 0.12 mi๐ŸบMad 46
    • 0.13 miโ˜•๏ธStarbucks Coffee
    • 0.13 mi๐Ÿฅ˜Emporium Brasil Restaurant
    • 0.14 mi๐ŸบRooftop Bar
    • 0.14 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.15 mi๐Ÿฅ˜Maloney & Porcelli
    • 0.16 mi๐Ÿฅ˜Brasserie Ruhlman
    • 0.16 miโ˜•๏ธStarbucks Coffee
    • 0.17 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.17 miโ˜•๏ธeuropa cafe
    • 0.17 mi๐ŸบVander Bar
    • 0.17 mi๐Ÿฅ˜Cosรฌ
    • 0.19 miโ˜•๏ธFreeFoods
    • 0.19 mi๐Ÿฅ˜Del Frisco's
    • 0.19 mi๐Ÿฅ˜Bobby Van's Steakhouse - Park Ave
    • 0.19 miโ˜•๏ธStarbucks Coffee
    • 0.19 mi๐Ÿฅ˜ammos estiatorio
    • 0.21 miโ˜•๏ธThe Beer Bar Cafe Centro
    • 0.22 miโ˜•๏ธFinancier
    • 0.22 mi๐Ÿฅ˜Urban Space
    • 0.22 miโ˜•๏ธStarbucks Coffee
    • 0.23 miโ˜•๏ธPret A Manger
    • 0.23 miโ˜•๏ธNaples 45
    • 0.23 mi๐Ÿฅ˜Teresa's
    • 0.24 mi๐Ÿš‡BDFM47th-50th Streets - Rockefeller Center
    • 0.24 mi๐Ÿบ21 Club
    • 0.26 mi๐Ÿฅ˜Burger Heaven
    • 0.26 mi๐Ÿฅ˜LA Fonda Del Sol
    • 0.26 miโ˜•๏ธLe Pain Quotidien
    • 0.26 mi๐Ÿš‡EM53rd Street-5th Avenue
    • 0.27 mi๐ŸบForty Four
    • 0.27 mi๐Ÿฅ˜The National
    • 0.27 mi๐Ÿš—Hippodrome Parking
    • 0.27 miโ˜•๏ธStarbucks
    • 0.28 mi๐Ÿฅ˜Del Frisco's
    • 0.28 miโ˜•๏ธGregory Coffee
    • 0.28 mi๐Ÿš—Alpha Garage
    • 0.28 mi๐Ÿฅ˜The Modern - The Bar Room
    • 0.29 mi๐Ÿฅ˜San Martin
    • 0.29 mi๐Ÿš‡651st Street
    • 0.29 miโ˜•๏ธStarbucks
    • 0.29 mi๐Ÿฅ˜Fogo de chao
    • 0.29 mi๐Ÿฅ˜Four Seasons
    • 0.3 miโ˜•๏ธStarbucks Coffee
    • 0.3 mi๐Ÿฅ˜New York Luncheonette
    • 0.3 mi๐Ÿš—Hippodrome Parking
    • 0.31 mi๐Ÿฅ˜Curry and Tandoor
    • 0.31 mi๐Ÿฅ˜Udon West
    • 0.31 miโ˜•๏ธCafe Metro
    • 0.31 mi๐Ÿฅ˜Darbar
    • 0.31 mi๐Ÿฅ˜Capital Grille at Time-Life
    • 0.31 mi๐Ÿฅ˜Tender
    • 0.32 mi๐ŸบBill's Gay Nineties
    • 0.32 mi๐Ÿฅ˜Ted's Montana Grill
    • 0.32 mi๐Ÿฅ˜Aretsky's Patroon
    • 0.32 mi๐ŸบHaven Rooftop Bar
    • 0.32 miโ˜•๏ธFIKA 52 & LEX
    • 0.33 mi๐Ÿš‡75th Avenue
    • 0.33 mi๐ŸบThe Wheeltapper Pub
    • 0.34 mi๐Ÿฅ˜Pera
    • 0.34 miโ˜•๏ธAndaz
    • 0.34 mi๐Ÿฅ˜Sushiden
    • 0.34 mi๐Ÿฅ˜Mozzarella & Vino
    • 0.35 miโ˜•๏ธStarbucks
    • 0.35 mi๐Ÿฅ˜Pershing Square
    • 0.35 miโ˜•๏ธStarbucks Coffee
    • 0.35 mi๐Ÿฅ˜Madison & Vine
    • 0.35 miโ˜•๏ธCentral Cafe
    • 0.35 mi๐Ÿฅ˜St. Andrew's
    • 0.35 mi๐ŸบConnolly's
    • 0.35 miโ˜•๏ธStarbucks Coffee
    • 0.36 miโ˜•๏ธStarbucks Coffee
    • 0.36 miโ˜•๏ธStarbucks
    • 0.36 mi๐Ÿฅ˜Smith & Wollensky
    • 0.36 mi๐Ÿš‡S456742nd Street-Grand Central
    • 0.36 miโ˜•๏ธStarbucks Coffee
    • 0.36 mi๐ŸบO'Lunney's
    • 0.36 miโ˜•๏ธStarbucks
    • 0.36 miโ˜•๏ธMarket Cafe
    • 0.37 mi๐ŸšŒNew York Airport Service
    • 0.37 mi๐Ÿฅ˜Havana Central
    • 0.37 miโ˜•๏ธDunkin' Donuts
    • 0.37 miโ˜•๏ธMacchiato Espresso Bar
    • 0.37 miโ˜•๏ธStarbucks Coffee
    • 0.37 miโ˜•๏ธDunkin' Donuts
    • 0.37 mi๐Ÿฅ˜Bierhaus
    • 0.37 mi๐Ÿš‡EM53rd Street-Lexington Avenue
    • 0.37 mi๐Ÿฅ˜Dos Caminos
    • 0.37 mi๐Ÿฅ˜Iroha
    • 0.37 mi๐Ÿฅ˜Le Bernardin
    • 0.38 mi๐Ÿฅ˜La Bonne Soupe
    • 0.38 mi๐Ÿฅ˜The Lambs Club
    • 0.38 mi๐Ÿฅ˜Aquavit
    • 0.38 miโ˜•๏ธBreads bakery
    • 0.38 mi๐Ÿฅ˜Il Corso
    • 0.38 mi๐Ÿฅ˜Gourmet 45
    • 0.38 mi๐Ÿš‡BDFM42nd Street - Bryant Park
    • 0.38 mi๐Ÿฅ˜Benoit
    • 0.38 mi๐Ÿฅ˜Pampano
    • 0.38 mi๐ŸบJimmy's Corner
    • 0.39 mi๐Ÿฅ˜Grand Central Place
    • 0.39 mi๐Ÿฅ˜Five Guys
    • 0.39 mi๐ŸบBXL Cafe
    • 0.39 mi๐Ÿฅ˜The Heavenly Burger
    • 0.39 mi๐Ÿฅ˜Bond45
    • 0.39 miโ˜•๏ธWaffels and dinges
    • 0.39 mi๐Ÿฅ˜Bistro Milano
    • 0.39 mi๐Ÿฅ˜Bryant Park Grill
    • 0.39 mi๐ŸบThe Perfect Pint
    • 0.39 mi๐Ÿฅ˜44th Street Minar
    • 0.39 mi๐Ÿฅ˜Hillstone
    • 0.4 mi๐Ÿฅ˜Roti
    • 0.4 miโ˜•๏ธLe Pain Quotidien
    • 0.4 mi๐Ÿฅ˜Sparks Steak House
    • 0.4 mi๐ŸบCassidyโ€™s
    • 0.4 mi๐Ÿฅ˜Planet Hollywood
    • 0.4 mi๐Ÿฅ˜Chopt
    • 0.4 mi๐Ÿฅ˜Friday's
    • 0.4 mi๐Ÿฅ˜Joe's Shanghai
    • 0.41 mi๐Ÿš‡NRW49th Street
    • 0.41 mi๐ŸบWhiskey Trader
    • 0.41 mi๐Ÿฅ˜TGI Fridays
    • 0.41 mi๐Ÿฅ˜Buca di Beppo
    • 0.41 mi๐Ÿฅ˜Virgil's Real BBQ
    • 0.42 miโ˜•๏ธFIKA Grand Central
    • 0.42 mi๐ŸšŒbus m101
    • 0.42 mi๐Ÿฅ˜Comfort Diner
    • 0.42 mi๐Ÿฅ˜Roast Chicken
    • 0.42 mi๐ŸŒฒTurtle Bay Gardens Historic District
    • 0.42 mi๐Ÿฅ˜Tony's
    • 0.42 miโ˜•๏ธStarbucks Coffee
    • 0.42 mi๐Ÿฅ˜The Playwright
    • 0.43 mi๐Ÿš—Icon
    • 0.43 miโ˜•๏ธSouthwest Porch
    • 0.43 mi๐Ÿฅ˜Menkui Teu
    • 0.44 mi๐ŸบNall's Irish Pub & Restaurant
    • 0.44 miโ˜•๏ธCafe Metro
    • 0.44 miโ˜•๏ธKelloggยดs Cafe
    • 0.44 miโ˜•๏ธCofeed
    • 0.44 mi๐Ÿฅ˜Brooklyn Diner - Time Square
    • 0.44 mi๐Ÿฅ˜Beyond Sushi
    • 0.44 miโ˜•๏ธNinth Street Espresso
    • 0.44 mi๐Ÿฅ˜Salute
    • 0.44 mi๐Ÿฅ˜Blue Fin
    • 0.45 miโ˜•๏ธStarbucks Coffee
    • 0.45 mi๐Ÿฅ˜Luke's Lobster
    • 0.45 mi๐ŸบCaroline's on Broadway
    • 0.45 mi๐Ÿฅ˜Little Collins
    • 0.45 miโ˜•๏ธStarbucks Coffee
    • 0.46 miโ˜•๏ธLe Pain Quotidien
    • 0.46 miโ˜•๏ธLittle Collins
    • 0.46 mi๐Ÿฅ˜Hudson Malone
    • 0.46 miโ˜•๏ธFIKA Bryant Park
    • 0.47 mi๐ŸบThe Shakespeare
    • 0.47 mi๐ŸบPark Avenue Tavern
    • 0.47 mi๐Ÿฅ˜Sinigual
    • 0.48 miโ˜•๏ธAroma Espresso Bar
    • 0.48 mi๐Ÿฅ˜Osteria Laguna

    Neighborhood

    Midtown East

    Midtown East, an area of Midtown, is a popular office space location, especially for consulting firms, financial services firms, media companies, and hedge funds. Located near many of Manhattanโ€™s most iconic landmarks, the area is not only a business center but also a well-traveled tourist destination. Midtown East encompasses several unique neighborhoods including the Plaza District, Park Avenue, Madison Avenue, and Grand Central Station.

    Midtown East Office Space | Lease Data & Trends

    Office space rental prices vary greatly based on location, building class, and lease terms and length. On the high end of the spectrum, Class A office space in the Plaza District or on Madison Avenue can cost $100 per square foot. Conversely, Class B office space for lease in the Garment District or near Grand Central Station goes for closer to $60 per square foot.

    In general, Midtown East submarkets are more expensive than the average asking rent for NYC office space $72 per square foot, or the average Brooklyn office space rent of $42 per square foot.

    To help decide what kind of space youโ€™re looking for, read about the differences between Class A and Class B office spaces. What about gross lease, triple net leases, and tenant improvement allowance? If you want to learn more about renting office space in Midtown East, one of our licensed tenant brokers would love to answer your questions.

    NYC office space market report

    What Our Brokers Say About Midtown East Office Space

    The borough of Manhattan south of Central Park is traditionally divided into Midtown, Midtown South, and Lower Manhattan. Midtown East is the Eastern half of Midtown that is bordered by Fifth Avenue to the west, the East River to the east, 59th St. to the north, and 42nd Street to the south. The area is home to the Chrysler Building, Rockefeller Center, and the United Nations Headquarters, and visitors will notice a lot of areas that look familiar because theyโ€™ve appeared on postcards and in TV shows.

    Midtown East is primarily a business district and is relatively quiet during the evenings. Traveling around the area and getting to and from nearby districts is easy, especially with the convenient juxtaposition of Grand Central Station, which is not only one of the biggest hubs for public transportation in NYC but also a historic landmark. Nearby subway lines include: 4, 5, 6, N, Q, R, B, D, F, M, E, and 7. If visiting business partners need a place to stay, book rooms in The Langham, The Bernic Hotel, Fitzpatrick Grand Central, or Pod 39.

    Popular Neighborhoods in Midtown East

    Each neighborhood located within Midtown East has unique character and features.

    Grand Central Station: Whether you call it by its official name, Grand Central Terminal, or its nickname, Grand Central, this neighborhood is known for housing Grand Central Station, one of the biggest transportation hubs in NYC. Securing office space here means working alongside companies such as Salesforce, YES Network, Oracle, Metlife, and New York Life Insurance.

    Madison Avenue: Madison Avenue, one of the most well-known streets in America, is home to some of the nationโ€™s most influential businesses. Named after the United Statesโ€™ fourth President, James Madison, Madison Avenue is clean, beautiful, and graffiti-free. Though no longer the center of the advertising world, Madison Avenue is still an area in high demand.

    Plaza District: The Plaza District houses some of the most premier commercial real estate in NYC. A 10% vacancy leaves potential tenants with plenty of options to join the districtโ€™s current tenants, which include Colgate-Palmolive, Bloomberg, and NBC Studios.

    Park Avenue: Park Avenue, originally called Fourth Avenue, houses some of the nationโ€™s most expensive real estate, and some of NYCโ€™s richest CEOs live there. Fortune 500 companies such as Citigroup, Mutual of America, JP Morgan, and Metlife have Park Avenue addresses from here.

    met-life-building-grand-central-station

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