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485 Lexington Avenue

485 Lexington Avenue
New York, NY 10017
Office, Leasing/Rental
  • Address 485 Lexington Avenue
  • neighborhood Grand Central
  • borough Manhattan
  • owner SL Green Realty
  • owner entity 485 EAT OWNER LLC
  • floors 30
  • Year Built 1957
  • commercial units 30
  • total units 30
  • square feet 743,789
  • block and lot 1-01301-0023
  • BIN 1036206
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 27,996
  • Price per foot $ 72.00
notes
The insurance company signed a deal to renew its lease for the Midtown East space for an additional 10 years with an asking rent of $72 per square foot.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 29,698
notes
The consultant signed a deal to expand its 15-year lease for the Grand Central building.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 53,162
notes
The law firm expanded its footprint in the Grand Central building.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 38,651
  • Publication Date 02/06/2018
  • Event Date 01/25/2018
  • Party 1 SL Green Realty
  • Party 2 Columbia Management
notes
The investment manager inked an 11-year lease in Turtle Bay.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 29,574
  • Publication Date 02/06/2018
  • Event Date 01/25/2018
  • Party 1 SL Green Realty
  • Party 2 Ankura Consulting Group
notes
The business advisory firm inked a 16-year lease for Turtle Bay.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Turtle Bay
  • Borough Manhattan
  • Square feet 38,243
notes
The law firm inked a lease for the 14th floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,207
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 SL Green Realty
  • Party 2 Xerox
notes
The business process services provider signed a lease.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 14,206
notes
The investment company signed a lease for the entire 24th floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 14,206
notes
The investment firm signed a 10-year lease renewal on the 24th floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 14,206
notes
The investment firm renewed its lease on the 23rd floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 14,206
notes
The management company signed a 5-year lease on the 23rd floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,000
  • Publication Date 05/01/2013
  • Event Date 03/22/2013
  • Party 1 Novantas
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Jonathan Serko, Andrew Ross, Richard Serko
  • Party 2 Xerox Corporation
  • Party 2 Brokerage JLL
  • Party 2 Broker Douglas Neye, Matthew Astrachan
notes
The management consulting firm signed a sublease for the entire 22nd floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 27,996
notes
The title insurance company signed a lease on the entire 18th floor, the New York Post reported.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 42,842
notes
The luxury hospitality organization signed a long-term lease on the fourth floor. The company is relocating from 99 Park Avenue.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,200
  • Publication Date 04/01/2011
  • Event Date 02/20/2011
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 IMS Health Transportation
  • Party 2 Brokerage JLL
  • Party 2 Broker Lisa Kiell
notes
The information solutions provider to the healthcare and pharmaceutical industries signed a 10-year lease on the 26th floor.
  • Event Sales
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 921,000
  • Price $ 504,200,000
  • Price per foot $ 547.45
  • Publication Date 09/01/2009
  • Event Date 07/23/2009
  • Party 1 SL Green Realty
  • Party 1 Brokerage Cushman & Wakefield
  • Party 2 Optibase Ltd., Gilmor USA LLC
notes
SL Green agreed last month to sell a 49.5 percent stake in the building in a transaction that values the property at $504.2 million, or $547 per square foot. The price represents a capitalization rate of 6.25 percent. The deal, which is subject to approval by lenders, includes $450 million of existing debt.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 54,000
  • Price per foot $ 45.00
notes
The education management firm inked an 11-year sublease for the entire second floor. The company is moving to the SL Green-owned building from 521 Fifth Avenue.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 54,000
  • Price per foot $ 45.00
notes
The provider of commercial management for public schools subleased the second floor of the SL Green-managed building.
  • Event Office Leasing
  • Address 135 East 46th Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 13,124
notes
The library branch signed a lease.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 38,756
  • Price per foot $ 65.00
notes
The online media company inked a 10-year lease for space on the third floor. The firm, which operates Web sites such as MySpace.com, is relocating from a 30,000-square-foot space at 1211 Sixth Avenue. The company plans to move in next summer.
  • Event Retail Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 13,124
notes
The New York Public Library branch signed a six-year lease for ground-level and mezzanine space. The reported asking rent was $125 per square foot. The library plans to move in December while its current location at 20 West 53rd Street is redeveloped to make room for a hotel. It will move back in when construction is completed.
  • Event Retail Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,200
notes
The London-based sandwich chain signed a 10-year lease for another New York City location. The reported asking rent was $250 per square foot. The company also leased a 1,750-square-foot space at 757 Third Avenue and a 1,100-square-foot space at 1020 Sixth Avenue (see below).
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,000
  • Publication Date 11/01/2007
  • Event Date 09/22/2007
  • Party 1 SL Green Realty
  • Party 1 Brokerage in-house
  • Party 1 Broker David Turino
  • Party 2 Offit Capital Advisors
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Larry Zuckerman, Dan Gronich
notes
The wealth management advisory firm took the entire 24th floor and is expected to move in by the end of the year. It is relocating from 8,500 square feet in 65 East 55th Street (Park Avenue Tower). The deal is reportedly valued at more than
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 22,279
notes
The private equity firm inked a 10-year lease for the duplex penthouse comprising the entire 31st and 32nd floors. The company is relocating from 200 Park Avenue.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 11,375
notes
The private equity firm inked a five-year lease.
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04/01/2013
The smaller (and cheaper) Grand Central submarket, with only 16 percent of the city’s office inventory, saw 28 percent of Manhattan’s 25 largest deals, the study found. For example, the financial research company Value Line in February leased some 44,000 square feet at 485 Lexington Avenue in the Grand Central submarket, according to CoStar, while the fragrance maker Inter Parfums signed a deal for 42,740 square feet at 551 Fifth Avenue...

10/03/2011
JPMorgan Chase listed two major sites: 452,000 square feet at 277 Park Avenue, and 140,000 square feet at 320 Park Avenue, according to Cassidy Turley data. And Citigroup and asset management firm Legg Mason each put 97,000 square feet at 399 Park Avenue on the market (Citi also listed an additional 190,000 square feet at 485 Lexington Avenue)...