One Grand Central Place

Midtown East, which encompasses the Plaza District, is home to many the largest financial institutions in the world. Hedge funds, asset managers, financial advisors and investment banks fill the renowned Class A office buildings between 34th and 59th Street on Park Avenue, Madison Avenue, Fifth Avenue, and the like. Many law firms, accounting firms, media companies and insurance agencies have offices in Midtown East as well, which makes it a networking nucleus for the world’s most powerful people. Rockefeller Center, The Empire State Building, Grand Central Station, The Seagram Building, The Lipstick Building, The MetLife Building, The GM Building, The Chrysler Building, and The Helmsley Building are just a few of the landmark properties that distinguish Midtown East from the rest of Manhattan. Whereas Midtown East has notoriously been known for having some of the most expensive commercial real estate in the world, we’ve seen steep declines in per square foot prices since September 2008 which is a direct affect of the problems on Wall St and excess sublet space surfacing on the market. Midtown East includes the Park Avenue district, the Grand Central district, the 6th Avenue district and Rockefeller Center.