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140 East 45th Street

2 Grand Central Tower

New York, NY 10017

  • 2,495 - 16,350 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • Turnstile✔︎
  • 24/7 Access✔︎
  • Floors44
  • Walk Score®100
  • Year Built1981
  • Noise Index0.47
  • LEED® CertificationSilver

Located one block from Grand Central Terminal, Macklowes ground up construction of this 635,000 SF office building in 1981 marked the end of the long dormancy of new office development in Manhattan. The development included the purchase of air rights from the adjacent low rise buildings on both the east and west sides of the plot, thereby allowing Macklowe to significantly increase its floor area and build a larger, taller, and more architecturally distinct office building. In addition, the building served as a technological forerunner in the areas of energy efficiencies and tenant climate control.

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  • Availability

    UnitSizePriceInquire
    20th Floor - Partial 20th Suite2,495 sqftInquire for pricing
    Office Space2,495 sqftInquire for pricing
    Office Space3,721 sqftInquire for pricing
    30th Floor3,721 sqftInquire for pricing
    Office Space4,465 sqftInquire for pricing
    Office Space5,016 sqftInquire for pricing
    Office Space5,016 sqftInquire for pricing
    30th Floor5,053 sqftInquire for pricing
    Office Space5,294 sqftInquire for pricing
    Office Space5,294 sqftInquire for pricing
    5th Floor - Suite5,862 sqftInquire for pricing
    Office Space5,862 sqftInquire for pricing
    Office Space6,282 sqftInquire for pricing
    Entire 332nd Floor7,593 sqftInquire for pricing
    28th Floor8,851 sqftInquire for pricing
    Partial 44th Floor11,550 sqftInquire for pricing
    Entire 33rd Floor16,350 sqftInquire for pricing
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    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 Manhattan’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. Madison Avenue Class A spaces rent for an average of $105/sqft; this area has some of the highest prices in all of New York City. In the Plaza District, Class A spaces rent for an average of $94.19/sqft. Renters can find Class A spaces for $73/sqft in Grand Central Station. And, of course, Class B spaces go for less. It just depends on what you’re looking for.

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

    To help decide what kind of space you’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.

    What Our Brokers Have to Say

    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 they’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 nation’s most influential businesses. Named after the United States’ 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 district’s current tenants, which include Colgate-Palmolive, Bloomberg, and NBC Studios.

    Park Avenue: Park Avenue, originally called Fourth Avenue, houses some of the nation’s most expensive real estate, and some of NYC’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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