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420 Lexington Avenue

420 Lexington Avenue
New York, NY 10017
Website
Office, Leasing/Rental, Co-op

420 Lexington Avenue, or The Graybar Building, is an office skyscraper at 420-430 Lexington Avenue in the Midtown section of Manhattan. It was constructed in 1927 in the Art Deco style and was designed by architects Sloan & Robertson. The building measures 351 feet in height and was renovated in 2000. The tower contains nearly 1.2 million usable square feet. The building has direct access to the Grand Central Terminal.

New York REIT SL Green Realty Corporation owns a leasehold interest at the building and collects nearly $80 million in annualized cash rents. The building currently has over 200 tenants. Major tenants include the Metro North Commuter Railroad Co., Metro Transit Authority, New York Life Insurance, DeWitt Stern Group, and Lighthouse Financial Group. In 2009, TIAA-CREF financed a $145 million leasehold mortgage on the building.

The Graybar Building is also home to the corporate campus of its owner, SL Green. The building was named for one its former tenants, Graybar Electric.

  • Year Built 1927
  • square feet 1,043,906
  • block and lot 1-01280-7501
  • BIN 1035385
Condominium Units+
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 17,756
  • Price per foot $ 65.00
  • Publication Date 01/06/2019
  • Event Date 01/03/2019
  • Party 1 SL Green Realty
  • Party 2 Metro-North Commuter Railroad
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Josh Kuriloff, Jodi Roberts
notes
The commuter railroad signed a deal to expand its 15-year lease for the Grand Central building which had an asking rent of $65 per square foot.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 11,436
notes
The law firm signed a deal to expand its 15-year lease for the Grand Central location.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 26,639
  • Price per foot $ 65.00
  • Publication Date 09/15/2017
  • Event Date 09/12/2017
  • Party 1 SL Green Realty
  • Party 1 Brokerage SL Green Realty
  • Party 1 Broker Adam Weissleder
  • Party 2 Litchfield Cavo
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Michael Burlant
notes
The law firm signed a renewal and expansion for office space in the Graybar Building for $65/sqft asking rent.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 10,774
  • Price per foot $ 65.00
notes
The US association signed a 7-year lease for $65/sqft asking rent.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 2,181
  • Price per foot $ 65.00
notes
The organization signed a 5-year lease.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 2,658
notes
The sports sales and advisory firm signed a 5-year lease for part of the 25th floor.
  • Event Retail Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 3,432
  • Price per foot $ 400.00
notes
The "food-as-theater" concept grocery store will open its new location at the Graybar Building.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 12,507
notes
The business process services provider signed a lease.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 8,058
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 Crawford & Company
  • Party 1 Brokerage JLL
  • Party 1 Broker Eric Launer, Simon Landmann
  • Party 2 Rubin Sheeley Paterniti Gonzalez
  • Party 2 Brokerage CBRE
  • Party 2 Broker Roger P. Griswold Jr
notes
The law firm signed a sublease.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 114,709
notes
The insurance company renewed its 10-year lease.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 24,928
  • Price per foot $ 65.00
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 SL Green Realty
  • Party 1 Brokerage SL Green Realty
  • Party 2 Metro-North Commuter Railroad Company
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Josh Kuriloff, Jodi Roberts
notes
The commuter rail line signed an expansion lease, bringing its total space in the building to 321,185 square feet.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 909
notes
The tenant signed a lease.
  • Event Office Leasing
  • Address 420 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 30,254
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 SL Green Realty
  • Party 2 Metro-North Commuter Railroad Company
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Josh Kuriloff, Jodi Roberts, David Heller
notes
The transit company signed a 20-year expansion lease to occupy portions of the fourth and sixth floors. The new lease increases Metro-North's total occupany to 296,257 square feet. The Metro-North Police Department will occupy the space.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 7,457
  • Publication Date 01/01/2012
  • Event Date 11/22/2011
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Phoenix Investment Advisor
  • Party 2 Brokerage Kaufman Organization
  • Party 2 Broker Loren Biller
notes
The securities investment advisor signed a 10-year lease on the 20th floor. The tenant is relocating from a smaller space in the building.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 7,457
  • Publication Date 01/01/2012
  • Event Date 11/22/2011
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Phoenix Investment Advisor
  • Party 2 Brokerage Kaufman Organization
  • Party 2 Broker Loren Biller
notes
The securities investment advisor signed a 10-year lease on the 20th floor. The tenant is relocating from a smaller space in the building.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 7,837
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Paladyne Systems
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Dan Segal
notes
The technology solutions provider to the hedge fund industry signed a lease.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 5,595
notes
The maker of online media programs for e-commerce websites signed a four-year lease on the 30th floor.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 7,837
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Paladyne Systems
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Dan Segal
notes
The technology solutions provider to the hedge fund industry signed a lease.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 5,595
notes
The maker of online media programs for e-commerce websites signed a four-year lease on the 30th floor.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 773
notes
The Croatian food company signed a five-year office lease.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 773
notes
The Croatian food company signed a five-year office lease.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,500
notes
The pharmaceutical company signed a lease renewal.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,500
notes
The pharmaceutical company signed a lease renewal.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 36,783
notes
The insurance firm signed a 15-year renewed its lease and expanded on the 26th and 27th floors.
  • Event Office Leasing
  • Building Name Graybar Building
  • Address 420 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 36,783
notes
The insurance firm signed a 15-year renewed its lease and expanded on the 26th and 27th floors.
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01/01/2014
Moving further east, SL Green Realty signed Metro-North Railroad Co., a unit of the Metropolitan Transportation Authority, to a 20-year, 265,903-square-foot lease renewal and expansion at 420 Lexington Avenue, better known as the Graybar Building...

10/03/2011
But it was landing the complicated, historic assignment with Lambert in 1997 to sell the $5 billion commercial and residential portfolio of Leona Helmsley (amassed by her husband, Harry) that really put Eastdil on the map in Manhattan. The 125 buildings -- which included 230 Park Avenue, the Starrett-Lehigh Building at 601 West 26th Street, and the Graybar Building at 420 Lexington Avenue -- took several years to unload, but Eastdil was doing that unloading just as investment sales were really starting to grow in importance and volume in Manhattan...

06/30/2011
Cushman & Wakefield brokers David Glassman, Bruce Mosler, Arthur Mirante and Joseph Cabrera represented the landlord, but declined to comment. The tenant was represented in its move from 420 Lexington Avenue by Roberta Panos and Guilherme Tepedino, CoStar showed...