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110 East 42nd Street

110 East 42nd Street
New York, NY 10017
Office, Leasing/Rental

110 East 42nd Street is a highrise bank building in the Midtown, Manhattan. Designed by York & Sawyer architects in the romanesque revival style, construction on the building was completed in 1923. Originally the site of the Bowery Savings Bank, the building is now commercial office space. It is 237 feet tall and contains 215,400 square feet of usable space.

SL Green re-acquired the building in 2011 for $85.5 million. It had owned the building previously, and sold it to Gotham Realty Holdings for $111.5 million in 2007. As of the fourth quarter of 2014, SL Green collected nearly $10.4 million in annualized rents. Major tenants at the address include Newmark Knight Frank, Curtis Mallet-Prevost, Princeton Review, and Ackman Ziff Real Estate Group, LLC.

-WP

  • Address 110 East 42nd Street
  • neighborhood Grand Central
  • borough Manhattan
  • owner SL Green Realty
  • owner entity 125 PARK OWNER LLC
  • floors 18
  • Year Built 1921
  • square feet 304,137
  • block and lot 1-01296-7501
  • BIN 1083181
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 1,840
  • Publication Date 09/01/2014
  • Event Date 07/23/2014
  • Party 1 SL Green Realty
  • Party 1 Brokerage SL Green Realty
  • Party 1 Broker Howard Tenenbaum, Gary Rosen
  • Party 2 Metro North Commuter Railroad Company
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Joshua Kuriloff, Jodi Roberts
notes
The commuter railroad company signed a new seven-year lease.
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 20,966
notes
The test preparation services company signed a new 10-plus-year lease for the entire seventh floor.
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 14,371
notes
The law firm signed a five-year lease renewal on the ninth floor.
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 11,305
notes
The environmental consultancy signed a five-year expansion lease for part of the eighth floor, bringing its total occupancy to 17,901 square feet.
  • Event Sales
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 10,400
  • Price $ 5,600,000
  • Price per foot $ 538.46
notes
The property sold for $5.6 million, or $538 per square foot. The price represents a capitalization rate of 5.5 percent.
  • Event Sales
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 188,000
  • Price $ 111,500,000
  • Price per foot $ 593.09
  • Publication Date 06/01/2007
  • Event Date 04/22/2007
  • Party 1 SL Green Realty
notes
SL Green sold its office condominium interest in floors six through 18 for $111.5 million, or $611 per square foot. The REIT originally acquired the property in 1997 for $30 million, or $120 per square foot.
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 2,721
  • Publication Date 12/01/2006
  • Event Date 10/22/2006
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Wolf Medical Marketing & Design
notes
The tenant, which specializes in the design and manufacture of medical and pharmaceutical promotional products, inked a five-year lease.
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 2,200
  • Publication Date 12/01/2006
  • Event Date 10/22/2006
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Atlantic Monthly Group
  • Party 2 Brokerage Newmark Grubb Knight Frank
notes
The publisher of the Atlantic Monthly Magazine signed a five-year, one-month lease for suite 1311.
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 1,179
notes
The independent financial research firm that provides retail data to institutional investors signed a five-year lease.
  • Event Office Leasing
  • Address 110 East 42nd Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 17,000
notes
Firm expands from 7,500 square feet in 10-year lease, will occupy entire 10th floor.