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153 East 53rd Street

Citigopup Center

New York, NY 10022

  • 5,724 - 29,989 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerBoston Properties
  • Floors59
  • ArchitectThe Stubbins Associates, Inc.
  • Walk Scoreยฎ98
  • Year Built1977
  • Noise Index0.53

The Citigroup Center is located 153 East 53rd Street in [Midtown of Manhattan] (http://www.thesquarefoot.com/new-york-city/office-space/midtown). The height of the Citigroup Center is 915 feet and has 59 floors. The building contains 1.3 million square feet of office space and is one of the most imposing and distinctive high-rises in New Yorks skyline. The main architect behind the building was Edward Larrabee Barnes Associates and The Stubbins Associates, Inc. The architects were recognized with an Honor Award from the American Institute of Architects in 1979.
The tower’s base is cut away at the four corners, leaving it standing on a cross shaped footing, extending from the core to the center of each side. Citigroup’s pitched roof causes it to stand out among other building, making it a powerful symbol of its namesake corporation. The roof is at a 45degree angle because it was intended to have solar panels installed, but the idea was dropped because the position of the roof meant that the panels would not face the sun directly.
The building uses Double decker elevator cars because it reduces the area devoted to the vertical circulation core, creating more available space for offices. A computer driven load mass damper ensures stability for the building because of the reduced number of vertical supports.
Citigroup Center was the first skyscraper in the U.S. to be built with a tuned mass damper. The overhanging corners were designed after St. Peter’s Lutheran Church, which occupied one corner, insisted on keeping its lot and its separate identity. A new church was however built in place of the old one.
At one point the tower was considered capable of collapsing in a strong wind. When news came that a storm was coming to the city, emergency crews worked around the clock to reinforce the tower with two inch thick steel plates that were welded over each of the buildings 200 bolted.
To help with stabilization, a tuned mass damper was placed in the mechanical space at the top. The damper is designed to counteract any swaying motions because of wind on the building and it reduced the building’s movement due to wind by as much as 50%

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  • Availability

    UnitSizePriceInquire
    59th Floor - B Suite5,724 sqftInquire for pricing
    59th Floor - A Suite12,470 sqftInquire for pricing
    Entire 20th Floor29,989 sqftInquire for pricing
    • 0.01 mi๐Ÿš‡EM53rd Street-Lexington Avenue
    • 0.01 miโ˜•๏ธDunkin' Donuts
    • 0.03 miโ˜•๏ธStarbucks
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    • 0.05 miโ˜•๏ธFIKA 52 & LEX
    • 0.09 mi๐Ÿฅ˜Four Seasons
    • 0.09 mi๐ŸšŒbus m101
    • 0.11 mi๐Ÿฅ˜Little Collins
    • 0.12 mi๐Ÿš‡651st Street
    • 0.12 mi๐Ÿฅ˜P.J. Clarkeโ€™s
    • 0.12 mi๐Ÿฅ˜Hudson Malone
    • 0.13 miโ˜•๏ธLittle Collins
    • 0.14 mi๐Ÿฅ˜Angelo Bellini
    • 0.14 mi๐ŸบNall's Irish Pub & Restaurant
    • 0.15 mi๐Ÿฅ˜New York Luncheonette
    • 0.16 mi๐Ÿฅ˜The Fitz
    • 0.16 miโ˜•๏ธNinth Street Espresso
    • 0.16 mi๐Ÿฅ˜The National
    • 0.17 miโ˜•๏ธJuan Valdez
    • 0.18 mi๐Ÿฅ˜Dos Caminos
    • 0.18 mi๐ŸบBill's Gay Nineties
    • 0.18 mi๐Ÿฅ˜Palace
    • 0.19 mi๐Ÿฅ˜Aquavit
    • 0.19 mi๐Ÿ’ชEquinox
    • 0.21 mi๐Ÿฅ˜San Martin
    • 0.21 miโ˜•๏ธStarbucks
    • 0.22 mi๐Ÿฅ˜Smith & Wollensky
    • 0.23 mi๐Ÿฅ˜Maloney & Porcelli
    • 0.23 mi๐Ÿฅ˜Serendipity 3
    • 0.24 mi๐Ÿฅ˜Pampano
    • 0.25 miโ˜•๏ธStarbucks
    • 0.25 miโ˜•๏ธStarbucks
    • 0.25 mi๐Ÿฅ˜The Smith
    • 0.26 mi๐Ÿฅ˜Lasagna
    • 0.27 mi๐Ÿฅ˜Burger Heaven
    • 0.27 mi๐Ÿš—Alpha Garage
    • 0.27 miโ˜•๏ธStarbucks Coffee
    • 0.27 miโ˜•๏ธLe Pain Quotidien
    • 0.28 mi๐ŸบRooftop Bar
    • 0.28 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.29 mi๐Ÿฅ˜Abitino
    • 0.29 miโ˜•๏ธStarbucks Coffee
    • 0.3 mi๐ŸŒฒTurtle Bay Gardens Historic District
    • 0.3 miโ˜•๏ธStarbucks Coffee
    • 0.31 miโ˜•๏ธPret a Manger
    • 0.32 mi๐Ÿš‡EM53rd Street-5th Avenue
    • 0.32 mi๐Ÿฅ˜Sushiden
    • 0.32 mi๐Ÿš‡45659th Street
    • 0.34 mi๐Ÿš‡NRW59th Street-Lexington Avenue
    • 0.34 miโ˜•๏ธFinancier
    • 0.35 mi๐Ÿฅ˜Hatsuhana
    • 0.36 mi๐Ÿฅ˜Indigo
    • 0.37 mi๐Ÿฅ˜Chipotle
    • 0.37 mi๐Ÿฅ˜Grasp Grill
    • 0.37 mi๐Ÿฅ˜Serendipity 3
    • 0.37 mi๐Ÿฅ˜Udon West
    • 0.37 mi๐Ÿฅ˜Darbar
    • 0.37 mi๐Ÿฅ˜Curry and Tandoor
    • 0.37 mi๐Ÿฅ˜Aretsky's Patroon
    • 0.38 miโ˜•๏ธStarbucks
    • 0.38 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.38 mi๐Ÿฅ˜Le Pรฉrigord
    • 0.38 miโ˜•๏ธAu Bon Pain
    • 0.38 mi๐Ÿฅ˜Bobby Van's Steakhouse - Park Ave
    • 0.38 mi๐ŸบP.J. Moran's
    • 0.38 mi๐Ÿฅ˜Elite Food Bar
    • 0.38 mi๐ŸบMaggie's Place
    • 0.39 mi๐Ÿบ21 Club
    • 0.39 mi๐Ÿฅ˜Sparks Steak House
    • 0.39 mi๐Ÿฅ˜The Modern - The Bar Room
    • 0.4 mi๐Ÿฅ˜Katsuhama
    • 0.4 miโ˜•๏ธCafe K
    • 0.4 mi๐Ÿฅ˜Sushi-tei
    • 0.4 miโ˜•๏ธToasties
    • 0.4 mi๐Ÿฅ˜Friday's
    • 0.4 mi๐Ÿฅ˜Brasserie Ruhlman
    • 0.41 mi๐Ÿฅ˜China Moon
    • 0.41 miโ˜•๏ธNations Cafรฉ
    • 0.41 mi๐Ÿฅ˜Bangkok Grand Palace
    • 0.41 mi๐Ÿฅ˜Connolly's
    • 0.41 mi๐Ÿฅ˜Cafe Joul
    • 0.41 mi๐Ÿฅ˜Joe's Shanghai
    • 0.41 mi๐Ÿฅ˜Gourmet 45
    • 0.42 mi๐ŸŒฒFourteen Honey Locusts Park
    • 0.42 mi๐ŸบThe Perfect Pint
    • 0.42 mi๐Ÿฅ˜Ali Baba's Terrace
    • 0.42 mi๐Ÿฅ˜Del Frisco's
    • 0.42 miโ˜•๏ธStarbucks Coffee
    • 0.42 miโ˜•๏ธpick a bagel
    • 0.42 mi๐ŸบMad 46
    • 0.43 mi๐Ÿฅ˜Harry Cipriani
    • 0.43 miโ˜•๏ธStarbucks Coffee
    • 0.43 mi๐Ÿฅ˜Mozzarella & Vino
    • 0.43 mi๐Ÿฅ˜Five Guys
    • 0.43 miโ˜•๏ธDunkin' Donuts
    • 0.43 mi๐Ÿฅ˜Fogo de chao
    • 0.44 mi๐Ÿฅ˜Bierhaus
    • 0.44 miโ˜•๏ธNaples 45
    • 0.44 mi๐Ÿฅ˜Comfort Diner
    • 0.44 mi๐ŸบVander Bar
    • 0.44 mi๐Ÿฅ˜La Bonne Soupe
    • 0.44 mi๐Ÿฅ˜CoolMess
    • 0.45 mi๐Ÿฅ˜Wolfgang's Steakhouse
    • 0.45 miโ˜•๏ธJuice Press
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    • 0.46 mi๐Ÿš‡NRW5th Avenue โ€“ 59th Street
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    • 0.46 mi๐Ÿฅ˜ammos estiatorio
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    Neighborhood

    Plaza District

    The Plaza District is anchored by the southeast corner of Central Park. Most agree that the district is defined between the East River and Seventh Avenues, with 65th and 42nd streets as its North-South borders. The Plaza District derives its name from the landmark 19th-century Plaza Hotel and the Grand Army Plaza. The district is home to many famous buildings and landmarks, including Radio City Music Hall, Rockefeller Plaza, the Chrysler Building, and MoMa.

    Midtown Manhattan is the largest central business district in the world, and the Plaza District boasts some of the most premier commercial real estate in the city. Its tall buildings primarily provide office space for holding companies, investment groups, media groups, consulting firms, accounting firms, and hedge funds. Two-thirds of hedge funds located in NYC have office space in the Plaza District.

    Notable Plaza District tenants include Deloitte, Accenture, Mizuho Americas, Bloomberg Media, Colgate-Palmolive, JP Morgan, Pfizer, Cisco Systems, Fox News, and NBC Studios.

    Plaza District Office Space | Lease Data & Trends

    The Plaza District sees a range of asking rents and holds a Class A average of $94.19 per square foot, compared to the Midtown Class A average of ย $83.71. Many upper floors โ€” especially those with views of Central Park โ€” can lease for up to $200 per square foot, and many of the most expensive Plaza District buildings (such as the SoLow and General Motors Buildings) have an average asking rent of $144 per square foot.

    The cost of office space is largely determined by location, building class, lease terms and length, and renovation costs. Not sure about the differences between Class A and Class B office spaces? What about gross lease, triple net leases, and tenant improvement allowance? A licensed tenant broker will leverage these factors to negotiate your lease, but if you want to learn more for yourself, check out our Leasopedia.

    What Our Brokers Say

    Inventory stands at nearly 102,000,000 square feet, with vacancy around 10%. As some tenants such as Blackwater choose to leave the Plaza District for Hudson Yards, vacancy is expected to go up. The Plaza District is ideal for small to mid-size financial services. Between 2015 and 2017, 65% of signed leases for less than 20,000 square feet in Midtown were concentrated in the Plaza District.

    Co-working spaces are also finding their way into the Plaza District. WeWork has four Plaza District locations and signed a lease at the beginning of 2018 for a 400,000 square foot office space at 750 Lexington Ave. NYC Office Suites has 75,000 square feet covering three floors in the LOVE Building, and Grand Central Tech resides at 335 Madison Ave. Plaza District is also an ideal location for any business that interacts with the United Nations ecosystem of organizations, which are mostly based in Midtown Eastย andย Murray Hill.

    Neighborhood History

    Construction above 42nd Street soared in the 1920s after the completion of Grand Central Station. Thirty new skyscrapers went up in 1927 alone, and Midtownโ€™s reputation as the epicenter of business in New York City only continued to solidify throughout the 20th century.

    Unlike the up-and-coming neighborhoods that value repurposing old warehouses and factories into workspaces, the majority of older buildings in the Plaza District were designed with businesses in mind. There has been little to no large-scale construction in recent years, although landlords are starting to issue significant renovations to attract the younger workforce.

    Getting Around the Plaza District

    The Plaza District provides a variety of transportation options for easy commuting around the city,with Grand Central Station as the primary hub in the south-east corner of the district. Subway lines B, D, F, M, 1, N, Q, R as well as bus lines M1, M2, M3, M4, M5, M7, and M50 service the area. Suburban commuters take the Metro North from Westchester, Putnam, and Dutchess Counties, and much of Connecticut. Taxis are readily available to drive you to your next destination.

    The Plaza District has heavy foot traffic. From the north, employees can enjoy walking or biking to work through Central Park. There are also bike lanes on Second Avenue (southbound) and First Avenue (northbound).

    Nearby neighborhoods include: Columbus Circle, Times Square, Park Avenue, and Fifth-Madison.

     

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