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489 5th Avenue

Grand Central Station

New York, NY 10017

  • 4,988 sqft
  • inquire for pricing

Building Details

  • Walk Score®98
  • Noise Index0.33

Standing 34 floors high in the heart of Murray Hill, 489 5th Avenue features high ceilings, many windows, and a beautiful exterior. The building was constructed in 1970.
Murray Hill offers tenants of & address & a perfect mix of convenience and location. The district is one of New Yorks most historic, with a picturesque collection of landmarks and great views of the East River. Murray Hill is home to such landmarks as The Morgan Library, Grand Central Terminal, Chrysler Building, Empire State Building, and the UN Headquarters. 489 5th Avenue is close to incredible restaurants as well. Some of our favorites in the area include espresso at Perk Kafe, Americana at Penelope, and of course, a burger at Shake Shack. For a workout after you finish for the day, head to Equinox, located just a few blocks from 489 5th Avenue .

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  • Availability

    UnitSizePriceInquire
    32nd Floor - Suite4,988 sqftInquire for pricing
    21st Floor - Suite4,988 sqftInquire for pricing
    19th Floor - Suite4,988 sqftInquire for pricing
    31st Floor - Suite4,988 sqftInquire for pricing
    34th Floor4,988 sqftInquire for pricing
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    • 0.17 mi☕️Southwest Porch
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    • 0.17 mi☕️Central Cafe
    • 0.18 mi☕️Breads bakery
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    • 0.23 mi🥘Wolfgang's Steakhouse
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    • 0.28 mi🥘Ootoya
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    • 0.28 mi☕️Starbucks Coffee
    • 0.29 mi☕️Starbucks Coffee
    • 0.29 mi🥘China Moon
    • 0.3 mi🥘Sushi-tei
    • 0.3 mi🥘Katsuhama
    • 0.3 mi🍺Maggie's Place
    • 0.3 mi☕️Au Bon Pain
    • 0.3 mi🥘Heartland Brewery
    • 0.3 mi🥘Scotty's Dinner
    • 0.3 mi🥘The Lambs Club
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    • 0.3 mi🥘Keens Steakhouse
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    • 0.31 mi🚇NQRW42nd Street - Times Square
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    • 0.31 mi🍺Jimmy's Corner
    • 0.32 mi🥘Tony's
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    • 0.33 mi🥘Grasp Grill
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    • 0.34 mi🚇S42nd Street -Times Square
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    • 0.34 mi🥘Virgil's Real BBQ
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    • 0.34 mi🍺The Wheeltapper Pub
    • 0.35 mi🥘The Counter
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    • 0.35 mi☕️Starbucks Coffee
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    • 0.38 mi🥘Tender
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    • 0.4 mi🍺Rooftop Bar
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    Neighborhood

    Grand Central Station

    Grand Central Station is an iconic transit center in the heart of Midtown, and one of the most recognizable and and visited sites in the world, known for its dazzling Grand Concourse ceiling, famous Information Booth Clock, and the Tiffany Clock above its entrance. Officially named Grand Central Terminal, locals prefer Grand Central Station or just Grand Central. The main entrance is at at the intersection of East 42nd Street and Park Avenue.

    The incredible ease of commuting from around the city and northern suburbs along with the terminal’s location in the heart of Midtown make the area surrounding Grand Central ideal for businesses of all shapes, sizes, and industries.

    SquareFoot's NYC Market Report

    Grand Central Office Space | Lease Data & Trends

    Depending on how far the area around Grand Central Station is stretched, average prices and inventory for commercial real estate will vary. This discrepancy stems from whether you consider Grand Central office space part of the Midtown East or Plaza District submarket. Based on our delineation of neighborhoods, there is more than 70 million square feet of Grand Central office space inventory, with an additional 2.6 million square feet in construction. Needless to say, office space in proximity to Grand Central Station is in abundance, and nearly 11% of spaces are vacant.

    Nearby Class A office space leases for around $73 per square foot. Grand Central office space in Class B buildings rent for closer to $60 per square foot.

    If you’re looking for premium office space a short walk west from Grand Central Station and Bryant Park, SquareFoot is currently touring nearly a dozen exclusive listings at 530 Seventh Avenue, between 38th and 39th streets. The Class A property offers flexible lease terms, 24/7 secure building access, 22-foot ceilings, and the communal feel of a coworking space with the privacy and professional look of a traditional office lease.

     

    What Our Brokers Say About Grand Central Office Space for Lease

    Nearly every business imaginable can be found within walking distance of Grand Central Station. The area is home to plenty of banks, financial advisors, public relations firms, advertising agencies, entertainment agencies, software companies, law firms, and real estate agencies. Two of Midtown’s most iconic buildings, the Chrysler Building and MetLife Building, are steps away from the station. Notable tenants in the area include JP Morgan, PricewaterhouseCoopers, Oracle Inc, Pfizer, New York Life Insurance, WPP Group, Salesforce, Merrill Lynch, and YES Network.

    With the United Nations Headquarters less than a mile away from Grand Central, many foreign consulates, embassies, and international non-profits are clustered between the two. Companies with international and global connections, particularly law firms, will find themselves in good company near Grand Central Station.

    photo of grand central station in new york city

     

    Getting to, From, and Around Grand Central Station

    Multiple subways (4, 5, 6, 7, and S ) and bus lines (M101, M102, M103, M1, M2, M3, M4, Q32, and M42 ) stop at Grand Central Station for commuters in the city. Grand Central is also the terminus of Metro-North Railroad, a commuter rail that extends into the northern suburbs of New York and Connecticut.

    Drivers can take FDR Drive along the East River or the Queens-Midtown Tunnel from Long Island, which exits into Manhattan just over half a mile from Grand Central Station. As with all of NYC, we don’t recommend driving unless absolutely necessary.

    Nearby districts include: Murray Hill, Midtown East, Park Avenue, Madison Avenue, Plaza District, and Upper East Side.

    In the Grand Central Station Area

    Around Grand Central Station, there are endless possibilities of things to see, do, and, most importantly, eat. Within Grand Central, the Dining Concourse provides multiple places to eat that are all local to NYC, including Grand Central’s oldest business the Oyster Bar. Other favorites among the 20 fast-casual restaurants located in the Dining Concourse include Shake Shack, Magnolia Bakery, Jacques Torres Ice Cream, Dahlia, and Prova Pizzabar.

    Outside of Grand Central Station, Salvation Taco serves some of the city’s most inventive tacos, and Katsu-Hama offers both a take-out sushi counter and casual dining service with their famous pork katsu. Head to the Great Northern Food Hall for quick, Nordic-inspired bites or to UrbanSpace Vanderbilt to satisfy any other craving.

    Both Bryant Park and Central Park are within walking distance of most buildings surrounding Grand Central.

     photo of the metlife building and grand central station

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