Grand Central Terminal | The Real Deal New York

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Grand Central Terminal

89 East 42nd Street
New York, NY 10017
Website
Retail, Leasing/Rental, Ground Lease, Other

Grand Central Terminal is a major train station in Midtown with the address 89 East 42nd Street. It has more platforms, in fact, than any train station in the world, with 44 serving 67 tracks along them, including subways and the Metro-North Railroad. Grand Central is also one of the biggest tourist attractions in the nation, with approximately 21.6 million visitors annually.

Given its perennial popularity, Grand Central also contains some of the more sought-after retail real estate in the city. The leasing for its more than 90 restaurants, food shops and stores is controlled by the Metropolitan Transportation Authority and handled by Newmark Grubb Knight Frank. Rents in the station can run to more than $1,000 annually per square foot.

The current Grand Central dates from 1913, but there had been a train station at the site since at least the 1970s. Its main concourse, with its starry, 125-foot ceiling, often appears in popular culture through movies and TV shows.

  • Year Built 1913
  • square feet 140,000
  • block and lot 1-01280-0001
  • BIN 1035381

02/12/19
...Scott Rechler and Grand Central Terminal RXR Realty will join TF Cornerstone and Michael Dell’s investment firm on the...

02/07/19
...developers plan to use air rights purchased from Grand Central Terminal to build a larger tower. In 2016, MSD and TF Cornerstone bought a 90 percent stake...

01/22/19
...bought the 37-story tower a short walk from Grand Central Terminal between Second and Third Avenues for $265 million in 2003. Two years earlier, the company had...

12/27/18
...Vanderbilt, its 1,400-plus-foot tall office tower next to Grand Central Terminal. At last check, the building — marketed as 1.7 million square feet but has 1.3 million square...

12/25/18
...workers on various projects, including the renovation of Grand Central Terminal. And before Tishman Construction was acquired by AECOM in 2010, it paid more than $20 million...

12/24/18
...glassy, 43-story tower is located just west of Grand Central Terminal, and will be home to 429 apartments, 109 of which will be affordable. 40 Tenth Avenue (Credit...

12/18/18
...annual holiday party at Michael Jordan's steakhouse in Grand Central Terminal. But moving the event a few blocks away from the transportation hub didn't seem...

12/18/18
...library, a bar and a terrace overlooking neighboring Grand Central Terminal. Another 250,000 square feet will be set aside as office space for small startups, some...

12/13/18
...purchased nearly 700,000 square feet of air rights from Grand Central Terminal for its planned tower at 270 Park Avenue. The bank bought 666,766 square feet of development...

12/10/18
...sits over a cavernous train shed connecting to Grand Central Terminal. The local community board on Wednesday voted against the plan, arguing that the bank...

12/06/18
...sits over a large train shed connected to Grand Central Terminal, which makes a basement and foundation space for a larger public space infeasible. The...

11/30/18
...of another milestone: The 42-story Socony-Mobil Building near Grand Central Terminal was the tallest commercial tower built in New York since World War II. The...

11/16/18
...and the MTA will shell out $35M for Grand Central Terminal. Amazon announces plans to split its HQ2 between Long Island City and Crystal City...

11/15/18
...workers on various projects, including the renovation of Grand Central Terminal. And before Tishman Construction was acquired by AECOM in 2010, it paid more than $20 million...

11/14/18
...Grand Central Terminal at 89 East 42nd Street and Fernando Ferrer (Credit: Wikipedia and Getty Images) The Metropolitan...

11/06/18
...would connect the Long Island Rail Road to Grand Central Terminal. “From his perspective, there’s not a lot of upside to taking over a...

...of another milestone: The 42-story Socony-Mobil Building near Grand Central Terminal was the tallest commercial tower built in New York since World War II. The...

10/09/18
...would connect the Long Island Rail Road to Grand Central Terminal. “From his perspective, there’s not a lot of upside to taking over a...

10/02/18
...would connect the Long Island Rail Road to Grand Central Terminal. “From his perspective, there’s not a lot of upside to taking over a...

...would connect the Long Island Rail Road to Grand Central Terminal. “From his perspective, there’s not a lot of upside to taking over a...

09/27/18
...rezoning of Midtown East — a 78-block area near Grand Central Terminal. The rezoning allows for taller buildings and the sale of unused air rights over...

09/25/18
...own the following year at One Vanderbilt, near Grand Central Terminal. The attractions are cropping up outside of New York, too: two have opened in...

09/20/18
...shelled out $63 million for an unknown stake in Grand Central Terminal that the fund purchased from Lehman Brothers Holdings. (Lehman was part of an investor...

...rezoning of Midtown East — a 78-block area near Grand Central Terminal. The rezoning allows for taller buildings and the sale of unused air rights over...

07/10/18
...Most of our tenants come to work through Grand Central Terminal every day and so do our visitors.” The building is a bit of an...
  • Event Sales
  • Address One Vanderbilt
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 1,700,000
  • Price $ 525,000,000
notes
The Korean pension fund bought a 27.6% equity stake in the high office-tower project for $525 million.
  • Event Sales
  • Building Name Grand Central Terminal
  • Address 89 East 42nd Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 140,000
  • Price $ 63,000,000
  • Price per foot $ 450.00
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 Lehman Brothers
  • Party 2 MSD Capital
notes
The company bought a stake in Grand Central Terminal for $63 million.
  • Event Retail Leasing
  • Building Name Grand Central Terminal
  • Address 89 East 42nd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 23,000
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 MTA
  • Party 2 Apple
notes
The tech giant signed a 10-year lease to occupy the terminal's north and northeast balconies. The new store will reportedly be the company's largest in the world.
  • Event Retail Leasing
  • Building Name Grand Central Terminal
  • Address 89 East 42nd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 300
notes
The beer retailer signed a seven-year lease for space in Grand Central's Graybar Passage.
  • Event Retail Leasing
  • Building Name Grand Central Terminal
  • Address 87 East 42nd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 400
  • Publication Date 04/01/2009
  • Event Date 02/20/2009
  • Party 2 LittleMissMatched
notes
The children's apparel and accessories retailer signed a one-year lease for its first full-size, brick-and-mortar location. The company had been operating a small kiosk in the Graybar Passage at Grand Central over the past year.
  • Event Retail Leasing
  • Building Name Grand Central Terminal
  • Address 89 East 42nd Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 200
  • Publication Date 11/01/2004
  • Event Date 09/22/2004
  • Party 1 Brokerage JLL
  • Party 2 Forever Silver
notes
Jewelry store fills last available retail space in terminal

...buildings, one along Third Avenue a block from Grand Central Terminal and another on Broadway two blocks south of Times Square, in the heart of...