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370 Lexington Avenue Office Space for Small Business, Rental Guide

370 Lexington Avenue Office Space for Small Business, Rental Guide

370 Lexington Avenue Office

Photo courtesy of Costar

370 Lexington Avenue Office Space is an excellent choice for small- and mid-size businesses requiring these key features:

• Accessible location one block from Grand Central Station

• Class A office building

• Efficient office suites

• Two Tenant-only conference rooms offered at no charge

• On-site professional management

• Nice selection of in-building restaurants, many nearby hotels and professional service providers

 

LOCATION

 370 Lexington Avenue is located at the south east corner of 41st Street one block from Grand Central Terminal which has the 4, 5, 6, 7 and S subway lines; M101, M102, M103, M1, M2, M3, M4, Q32 and M42 buses; Metro North Railroad, and the NYC Airporter. GCT  provides one of NYC’s most convenient transportation connections to employees and clients.

 

370 Lexington Avenue Office Building & Design 370 Lexington Avenue Office

370 Lexington Avenue is a center core office building which means that the elevators, stairs and mechanical systems are in the middle of each floor. The building has windows on all four of its sides. As a result most office spaces enjoy good light and views when designed as either open collaborative work environments or with a more traditional layout including perimeter offices. Floors in the base of the building are approximately 10,000 SF tapering to 5,100 SF at the top.

 

370 Lexington Avenue Office 370 Lexington Avenue offers both turn-key fully constructed office suites that are ready for immediate occupancy and vacant spaces that it will build-to-suit for qualified Tenants. As a rule of thumb, when the Landlord custom-builds an office it will require a 7- 10 year lease term. Recently 370 Lexington Avenue Office built suites feature high ceilings (finished or open), upgraded lighting fixtures, glass fronted offices and conference room, and contemporary pantries. 

Because the building has 100’s of Tenants there is a steady stream of offices that become available for lease on a regular basis. Many Tenants begin by renting a small start-up space and grow into a larger office over time.  A small sample of suites is shown below.
370 Lexington Avenue Office

1,067 RSF

 

 

 

 

 

370 Lexington Avenue Office

1,280 RSF

 

370 Lexington Avenue office

2,223 RSF

 

370 Lexington Avenue office

2,708 RSF

370 Lexington Avenue office

4,580 RSF
 370 Lexington Avenue office

6,221 RSF

370 Lexington Avenue Office Pricing 

In 2017 asking rents for most spaces in the building are $58.00 per rentable square foot (PSF). Newly constructed offices and those on the highest floors may be more expensive.

Note: Cogent Realty has a strong track record negotiating lower lease prices and incentives in the form of free rent for its clients. Call us.

A quick reference guide is found below.

1,250 RSF 2,500 RSF 3,500 RSF
Typical Office @ $58.00 PSF $6,041  month $72,499  year $12,083 month $14,499 year $16,916 month $202,999 year

Additional office overhead costs include sub-metered electricity and annual rent and real estate tax increases.

 

Your Corporate HQ at 370 Lexington Avenue

• Class A Art Deco style office building constructed in 1929 and modernized in 2008.370 Lexington Avenue office

• Architecturally restored lobby. 

• 24- hour, 7- day access. Uniformed lobby concierge.

• 295,016 SF total building area. 26 stories tall and rising 331 feet.

• Eight passenger and two freight elevators

• Fully sprinklered building, emergency lighting and power.

370 Lexington Avenue office• Two complimentary Tenant-only conference rooms with capacities of 8 and 16 persons

 

• Wired Certified Platinum. Telecom providers include Verizon FIOS,  TWC, Cogent and Broadview Networks.

• Onsite eateries Zuckers Bagel, Dunkin Donuts, Madison Kaiser, Katagari Japanese and Semsom Lebanese.

• New York, NY 10017.

The Neighborhood NEAR 370 Lexington aVENUE

Grand Central Terminal is the epicenter of the neighborhood and offers many shopping, dining and drinking options. A directory is found HERE. The Grand Hyatt Hotel sits on top of the terminal and there are an additional nine hotels in close proximity. A link to 48 nearby restaurants is found HERE.

About Cogent Realty Advisors

Cogent Realty Advisors is an independent and licensed NO FEE Realtor with over 15 years of experience representing businesses that lease NYC office space. Our goal is to help you find the right office at the right price. For information, phone Mitchell Waldman at (212) 509-4049.

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