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575 Lexington Avenue

Park Avenue

New York, NY 10022

  • 100 - 35,685 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • Turnstile✔︎
  • 24/7 Access✔︎
  • Year Built1958
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  • Availability

    UnitSizePriceInquire
    Space - Suite100 sqftInquire for pricing
    4th Floor164 sqftInquire for pricing
    Suite 4076192 sqftInquire for pricing
    4th Floor - Suite192 sqftInquire for pricing
    9th Floor - Suite209 sqftInquire for pricing
    7th Floor - Suite218 sqftInquire for pricing
    4th Floor - Suite218 sqftInquire for pricing
    Suite 905278 sqftInquire for pricing
    Space - Suite600 sqftInquire for pricing
    28th Floor - Suite 28602,260 sqftInquire for pricing
    28th Floor - Suite 28703,060 sqftInquire for pricing
    23rd Floor - 2300A Suite3,070 sqftInquire for pricing
    23rd Floor3,071 sqftInquire for pricing
    31st Floor - Suite 31004,860 sqftInquire for pricing
    32nd Floor9,795 sqftInquire for pricing
    35th Floor9,800 sqftInquire for pricing
    22nd Floor9,800 sqftInquire for pricing
    33rd Floor - Suite 33209,810 sqftInquire for pricing
    33rd Floor - Suite 33009,810 sqftInquire for pricing
    32nd Floor - Suite 32009,850 sqftInquire for pricing
    21st Floor10,278 sqftInquire for pricing
    21st Floor - Suite 210010,280 sqftInquire for pricing
    18th Floor15,579 sqftInquire for pricing
    19th & 20th - Entire 19th & 20th Floors Suite29,791 sqftInquire for pricing
    8th Floor35,685 sqftInquire for pricing
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    Neighborhood

    Park Avenue

    Park Avenue is a neighborhood located within Midtown East. Originally called Fourth Avenue, Park Avenue is home to some of the nation’s most expensive commercial and residential real estate, and a lot of name-brand companies, such as MetLife, JP Morgan, Bristol-Myers Squibb, Bloomberg, Deutsche Bank, Citigroup, and Alcoa.

    Park Avenue Office Space | Lease Data & Trends

    Park Avenue office space doesn’t come at a discount. Between the premium tenants pay for an address on one of the most famous streets in America and the already higher than average prices in Midtown for Class A office space, Park Avenue is primarily home to hedge funds, banks, consulting firms, law firms, and insurance companies. The average Park Avenue office space rents for $90 per square foot. All inventory on Park Avenue is considered Class A office space.

    For more affordable options that are still on the east side, consider the Upper East Side or Murray Hill. Budget-strapped companies will struggle to find options on Park Avenue, Madison Avenue, and in the Plaza District.

    SquareFoot's NYC Market Report

    What Our Brokers Have to Say About Park Avenue Office Space

    Park Avenue is a Manhattan boulevard that runs parallel to Madison Avenue to the west and Lexington Avenue to the east. Nearby neighborhoods include the Plaza District, Madison Avenue, and Grand Central Station. Park Avenue spans north into Harlem, and Park Avenue South runs until Union Square.

    Visitors and residents have plenty of options for getting around the area and visiting nearby districts, especially with the close proximity of Grand Central Station. Nearby subway lines include 1, 5, 6, 7, E, F, M, and S. Nearby bus lines include BM2, BM5, B15, C32, M1, M4, M5, M42, 163, QM6, and X27.

    Looking to get out of the office for a meeting or business lunch? Check out these great restaurants near Park Avenue: K Rico, Bocado Wine Bar & Restaurant, Ristorante Morini, or Le Pain Quotidien. If you need to book a room for a visiting business contact to stay in, look up The Marmara Manhattan, The Mark, or Courtyard New York Manhattan/Upper East Side.

    Get to Know Park Avenue

    Park Avenue is known for housing a number of Fortune 500 companies and other businesses. The following companies are headquartered or have some offices located in the neighborhood: Mutual of America, Hachette Book Group, British Airways, Major League Baseball, Maserati, and The National Football League.

    Because Park Avenue has some of the nation’s most expensive real estate, it’s no surprise that so many CEOs and billionaires choose to live there. 740 Park Avenue, known as one of NYC’s “Towers of Power,” will only consider applicants who have a net worth of at least $100 million. Current resident Stephen Schwarzman, Blackstone founder, lives in the triplex once owned by John D. Rockefeller. Hedge fund manager David Ganek owns a duplex in 740 Park Avenue that’s now worth $32.5 million. Park Avenue is also home to 432 Park, which is the best-selling building ever in NYC; it’s already closed sales for more than $2 billion.

    Though Park Avenue isn’t really a tourist destination, it is one of the best-looking boulevards in New York City. That’s because the Fund for Park Avenue provides funding for upkeep and maintains the numerous flower boxes that decorate the median between the north and south traffic. The area does feature some interesting architecture, including the Medieval Gothic designed Seventh Regiment Armory that’s known for its picturesque interior. Other landmarks of note include Ritz Tower, the Helmsley Building, St. Bartholomew’s Episcopal Church, the Italian Cultural Institute of New York, Harold Pratt House, and Perishing Square Building.

    Park Avenue served as a filming location in many well-known movies, the Park Avenue Viaduct in particular.  For example, Will Smith jumps off the Viaduct to chase a criminal in Men in Black. In I Am Legend, Will Smith is cornered by a zombie on the Viaduct. The final showdown in The Avengers also takes place on the Viaduct.

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