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405 Lexington Avenue

The Chrysler Building

New York, NY 10174

  • 100 - 11,616 sqft
  • inquire for pricing

Building Details

  • Walk Score®98
  • Year Built1929

Chrysler Center, a two-building complex consisting of the Chrysler Building and Chrysler East, resides on 42nd Street between Lexington and Third Avenues on the east side of Midtown Manhattan. The Chrysler Trylons, a two-building retail pavilion, is also located on 42nd Street, and contains Capital Grille and Citibank.

The Chrysler Building, originally erected in 1930, underwent purchase and renovation in 1998 with completion by mid-2000, bringing the building’s total rentable area to 2,037,729 square feet.

Chrysler East contains a rentable area of 770,000 square feet laid out as a state-of-the-art office facility. Legendary architect Philip Johnson redesigned Chrysler East with a new glass facade, an expansion of 153,000 square feet, and modernized mechanical systems. In addition, Philip Johnson created the Chrysler Trylons intended to link the buildings into the singular Chrysler Center.

Chrysler Center, now complete, is leased by many tenants of varying industries, all of whom enjoy the unique amenities provided directly inside the complex in addition to the high quality of shopping and restaurants nearby. Chrysler Center features unparalleled 360-degree views of Manhattan and the outlying area, overlooking the East River, Central Park, Times Square, and Grand Central Terminal. Transportation to and from Chrysler Center is directly and immediately accessible.

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  • Availability

    UnitSizePriceInquire
    26th Floor100 sqftInquire for pricing
    46th Floor - Suite2,702 sqftInquire for pricing
    Office Space2,844 sqftInquire for pricing
    41st Floor - Suite3,139 sqftInquire for pricing
    Office Space3,177 sqftInquire for pricing
    50th Floor3,485 sqftInquire for pricing
    50th Floor - Suite3,485 sqftInquire for pricing
    32nd Floor4,543 sqftInquire for pricing
    57th Floor5,336 sqftInquire for pricing
    21st Floor - Suite6,738 sqftInquire for pricing
    47th Floor - Suite10,256 sqftInquire for pricing
    57th Floor - Suite11,616 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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