One Grand Central Place

The former Lincoln Building is One Grand Central Place, at 60 East 42nd Street, New York, NY 10165, in Grand Central.

One Grand Central Place has about 1.2 million square feet of floor area in total, including 1.1 million square feet of office and 28,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1929 as the year built, with a major alteration recorded in 2016. The building is 55 floors tall.

One Grand Central Place is at 60 East 42nd Street in Grand Central, Manhattan. City records list 43-55 East 41st Street, 56-72 East 42nd Street, 1 Grand Central Place and 303-305 Madison Avenue on the same tax lot (BBL 1012760042). A space listed on Leasemark at any of these addresses shows up on this page.

60 East 42nd Street is in ZIP code 10165, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. One Grand Central Place is at 60 East 42nd Street, New York, NY 10165, in Grand Central.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 27.36 and a maximum commercial FAR of 15 for this lot.

The closest subway station to One Grand Central Place is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 250 feet away in a straight line, roughly 1 minute 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), 4 min walk; Times Sq-42 St (the 1, 2, 3, 7, N, Q, R, W, S, A, C and E trains, connected to 42 St-Port Authority Bus Terminal), 9 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists ESRT ONE GRAND CENTRAL PLACE, L.L.C. as the owner of record of One Grand Central Place (BBL 1012760042). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot 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 One Grand Central Place. 4 investment managers and funds file 13F holdings reports from the address, including Analog Century Management LP; Masterton Capital Management, LP; and Newtyn Management, LLC. 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.

One Grand Central Place last sold in October 2013 in a $317.8 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. 60 EAST 42ND ST. ASSOCIATES L.L.C. sold it to ESRT ONE GRAND CENTRAL PLACE, L.L.C.. The deed is ACRIS document 2013100700200001 (BBL 1012760042) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

One Grand Central Place reported an ENERGY STAR score of 84 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 84 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 65.7 kBtu per square foot, 42% below the national median of 113.6 for a similar property. Its greenhouse gas emissions were about 6,534 metric tons of CO2e (5.71 kg per square foot).

At its 2024 energy use, One Grand Central Place comes to about 4,658 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 8,765 tons for 2024 to 2029 (53% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,117 tons and the same energy use counts as about 3,232 tons, about 115 tons over, or an estimated $31,000 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 44 jobs at One Grand Central Place. In the last two years, interior work was permitted on 25 floors (floors 1 to 6, 9 to 13, 15, 17, 18, 20, 23 to 27, 31, 41, 50, 52 and 54 and the cellar). The newest build-out, on floors 26 and 27, was first permitted in October 2026 (construction, mechanical; filed cost estimate $6.7 million). A sidewalk shed permit here is active until June 27, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1012760042. 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 $145.5 million for One Grand Central Place. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $15.8 million a year, roughly $13.72 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012760042 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of One Grand Central Place at $342.8 million ($42.3 million of it land) and its assessed value at $154.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($320.8 million) to 2026/27.

Owners registered 15 storefronts at One Grand Central Place 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 2021. 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 60 East 42nd Street 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.