Graybar Building

The Graybar Building has about 1 million square feet of floor area in total, including 1 million square feet of office and 5,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

The Landmarks Preservation Commission's building records date the Graybar Building to 1925-1927, designed by Sloan & Robertson. The building is 31 floors tall.

Sloan & Robertson, according to the Landmarks Preservation Commission's building records, which list the style as Art Deco and its original use as an office building.

Yes. The Landmarks Preservation Commission designated the Graybar Building an individual landmark on November 22, 2016 (LP-02554). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

The Graybar Building is at 420 Lexington Avenue in Grand Central, Manhattan. City records list 420-430 Lexington Avenue on the same tax lot (BBL 1012807501). A space listed on Leasemark at any of these addresses shows up on this page.

420 Lexington Avenue is in ZIP code 10170, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Graybar Building is at 420 Lexington Avenue, New York, NY 10170, in Grand Central.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 15.29 and a maximum commercial FAR of 15 for this lot.

The closest subway station to the Graybar Building is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 450 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 7 min walk; 51 St (the 6, E and F trains, connected to Lexington Av/53 St), 7 min walk. Walking times are straight-line estimates; the street route is longer.

The Graybar Building is a condominium of 8 tax lots. SLG GRAYBAR MESNE LEASE LLC, one of 2 owners of record on the roll, owns the units that make up 71% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1012807501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the Graybar Building. 3 public companies report the address as their principal executive office: AMC ROBOTICS CORP (AMCI); CURALEAF HOLDINGS, INC. (CURLF); and BOWEN ACQUISITION CORP. 4 investment managers and funds file 13F holdings reports from the address, including ACORN CAPITAL ADVISORS, LLC; DG Capital Management, LLC; and Tribune Investment Group LP. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

The Graybar Building reported an ENERGY STAR score of 78 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 78 earns a B. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 61 kBtu per square foot, 34% below the national median of 92.8 for a similar property. Its greenhouse gas emissions were about 7,677 metric tons of CO2e (5.79 kg per square foot).

At its 2024 energy use, the Graybar Building comes to about 5,576 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 9,392 tons for 2024 to 2029 (59% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,146 tons and the same energy use counts as about 3,490 tons, about 344 tons over, or an estimated $92,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

In the 12 months to October 2026, the Department of Buildings issued first permits for 28 jobs at the Graybar Building. In the last two years, interior work was permitted on 20 floors (floors 1 to 4, 6 to 9, 16, 17 and 20 to 29 and the mezzanine). The newest build-out, on floor 22, was first permitted in August 2026 (construction, mechanical; filed cost estimate $146,000). A sidewalk shed permit here is active until November 10, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012807501. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $102.2 million for the Graybar Building (the sum of its 8 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $11.1 million a year, roughly $10.62 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012807501 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Graybar Building at $357.1 million ($5.92 million of it land) and its assessed value at $160.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2023/24 ($323.7 million) to 2026/27.

Owners registered 7 storefronts at the Graybar Building for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2023. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

No space at 420 Lexington Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.