Privately held real estate investment firm RXR Realty acquired the 21-story, 1,243,383-square-foot Class office building at 237 Park Avenue from the holding company for defunct bank Lehman Brothers in early 2013 for around $800 million. It was one of the biggest single-building purchases since the Great Recession.
RXR immediately added to its tab by announcing a major renovation of 237 Park. That renovation, which includes a new lobby and faade designed by Moed de Armas & Shannon, eventually ran to a little less than $100 million, according to RXR president and CEO Scott Rechler.
Tenants in 237 Park include Credit Suisse, UBS, marketing firm JWT and investment firm Jennison Associates. Asking rents in the building are in the $80s a square foot, slightly higher than the average for that Grand Central area of Midtown.
The building was developed in the very early 1900s and designed by architect Warren & Wetmore. A 1981 renovation was handled by architect Edward Durell Stone. ¾-TA
- Address 237 Park Avenue
- neighborhood Grand Central
- borough Manhattan
- owner RXR Realty
- PLANS DISCLOSED 01/01/1900
- dob permit issued 01/06/1900
- DOB FILE PLANS 01/01/1900
- DOB FILE Link
- floors 21
- Year Built 1915
- ag file plans 01/09/1900
- AG FILE Link
- commercial units 2
- total units 2
- square feet 1,243,383
- const. status Under Construction
- block and lot 1-01300-0014
- BIN 1036186
My Account page or Subscribe to one of the download plans.
- Event Retail Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 2,407
- Amount Price 300
- Publication Date 01/11/2019
- Event Date 01/11/2019
- Party 1 RXR Realty, Walton Street Capital
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Jeffrey Roseman, Marc Frankel, Mark Utreras
- Party 2 Taco Dumbo, Omakasa
- Party 2 Brokerage Retail Worx
- Party 2 Broker Jonathan Krieger
- Event Retail Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 1,571
- Amount Price 250
- Publication Date 01/11/2019
- Event Date 01/11/2019
- Party 1 RXR Realty, Walton Street Capital
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Jeffrey Roseman, Marc Frankel, Mark Utreras
- Party 2 Sticky's Finger Joint
- Party 2 Brokerage SRS Real Estate Partners
- Party 2 Broker Adam Langer, Mark Tedeschi
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 270,536
- Publication Date 08/20/2018
- Event Date 08/15/2018
- Party 1 RXR Realty
- Party 2 JPMorgan Chase
- Event Financing
- Address 237 Park Avenue
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 1,116,774
- Price $ 514,600,100
- Price per foot $ 460.00
- Publication Date 07/01/2017
- Event Date 06/11/2017
- Party 1 Walton Street Capital, RXR Realty
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker n/a
- Party 2 Morgan Stanley, Societe Generale
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 77,000
- Publication Date 11/01/2016
- Event Date 09/15/2016
- Party 1 RXR Realty
- Party 1 Brokerage RXR Realty
- Party 1 Broker William Elder, Lauren Ferrentino
- Party 2 Permanent Mission of Canada to the United Nations, Consulate General of Canada in New York
- Party 2 Brokerage Savills Studley
- Party 2 Broker David Goldstein, Greg Taubin
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 500,000
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 RXR Realty
- Party 2 New York-Presbyterian Hospital
- Event Retail leasing
- Address 474 Lexington Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 1,400
- Publication Date 08/01/2015
- Event Date 06/22/2015
- Party 1 Solil Management
- Party 1 Brokerage Solil Management
- Party 1 Broker Brett Weinblatt
- Party 2 Fresh,Company
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 270,000
- Price per foot $ 80.00
- Publication Date 08/01/2015
- Event Date 06/22/2015
- Party 1 RXR Realty, Walton Street Capital
- Party 1 Brokerage RXR Realty
- Party 2 J. Walter Thompson
- Party 2 Brokerage CBRE
- Event Sales
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 1,200,000
- Price $ 810,000,000
- Price per foot $ 675.00
- Publication Date 04/01/2013
- Event Date 02/20/2013
- Party 1 Lehman Brothers
- Party 1 Brokerage JLL
- Party 1 Broker Richard Baxter, Ron Cohen, Scott Latham, Jon Caplan
- Party 2 RXR Realty, Walton Street Capital
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 58,654
- Publication Date 04/01/2009
- Event Date 02/20/2009
- Party 1 The Bear Stearns Company
- Party 2 Stifel, Nicolaus & Company
- Party 2 Brokerage Grubb & Ellis
- Party 2 Broker Joel Wechsler, Jason Stewart
- Event Sales
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 1,160,000
- Price $ 1,180,000,000
- Price per foot $ 1,017.24
- Publication Date 08/01/2007
- Event Date 06/22/2007
- Party 1 Beacon Capital Partners
- Party 2 Broadway Partners
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 107,000
- Publication Date 03/01/2007
- Event Date 01/20/2007
- Party 1 Monday Properties
- Party 1 Brokerage Monday Properties
- Party 1 Broker Craig Panzirer
- Party 2 Bear Stearns
- Party 2 Brokerage L&L Holding
- Party 2 Broker David Levinson, David Berkey
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 12,794
- Publication Date 12/01/2006
- Event Date 10/22/2006
- Party 1 Brokerage Grubb & Ellis
- Party 1 Broker Harry Seherr-Thoss
- Party 2 Friedberg Milstein
- Party 2 Brokerage Grubb & Ellis
- Party 2 Broker Harry Seherr-Thoss
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 150,000
- Publication Date 09/01/2006
- Event Date 07/23/2006
- Party 2 Bear Stearns
- Party 2 Brokerage CBRE
- Party 2 Broker David Levinson
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 118,000
- Publication Date 12/01/2005
- Event Date 10/22/2005
- Party 1 Monday Properties
- Party 1 Brokerage in-house
- Party 1 Broker Brian Robin
- Party 2 Jennison Associates
- Party 2 Brokerage CBRE
- Party 2 Broker Edward Lederman
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 59,000
- Publication Date 09/01/2005
- Event Date 07/23/2005
- Party 1 Monday Properties
- Party 1 Brokerage Monday Properties
- Party 1 Broker Brian Robin
- Party 2 UBS
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Donald DiRenzo
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 270,280
- Publication Date 04/01/2005
- Event Date 02/20/2005
- Party 1 Monday Properties
- Party 1 Brokerage In-house
- Party 2 J. Walter Thompson
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Donald DiRenzo Sr., Jeff Cohen
- Event Office Leasing
- Address 237 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 3,460
- Publication Date 07/01/2004
- Event Date 05/22/2004
- Party 1 Max Capital Management
- Party 2 Party Basket Enterprises