120 East 56th Street, also known as Park56, Midtown Manhattan Office Space for Lease
Address 120 East 56th Street Class B
Cross Streets Park Avenue & Lexington Avenue Size 86,000 SF
Year built 1926 Architect Rosario Candela

The office building rising at 120 East 56th Street in Midtown Manhattan was completed in 1926, with a design by Rosario Candela. It is owned and managed by First Pioneer Properties, and offers Class B office space in a prime location in the prestigious Plaza District. The property offers various amenities that make it an ideal fit for both small startups and larger tenants looking for full-floor options.

86 KSF of Class B Plaza District Office Space

The property at 120 East 56th Street, also known as Park56, offers roughly 86,000 square feet of Class B Plaza District office space. The 16-story building is owned and managed by First Pioneer Properties, and includes roughly 11,000 square feet of ground-floor retail space. Spaces range from 500 to full floors of 6,000 square feet, and features renovated common spaces like hallways and bathrooms. Amenities include a renovated lobby, concierge service, direct electric service, operable windows, usable terraces, and 24/7 access. The full-service rent includes HVAC, heat, water, janitorial services, lobby guard, sprinklers, and two modernized elevators.

Getting to and from 120 East 56th Street

Park56 at 120 East 56th Street benefits from an excellent location in the prestigious Plaza District, adjacent to the city’s new premier office tower, 425 Park Avenue. Those working at Park56 have easy access to a plethora of shopping and dining destinations nearby, as well as public transportation. The 59th Street-Lexington Avenue station is nearby, serving the N, R, and W lines. The Fifth Avenue-53rd Street and Lexington Avenue-53rd Street stations are also close by.

Who is renting office space at 120 East 56th Street?

The office building at 120 East 56th Street houses various tenants in industries like healthcare and wellness, fashion, and financial services. Notable tenants occupying office space at the building include Balance in Motion Physical Therapy, Park 56 Dental, Blitzer, Clancy & Company, Pomellato, Truman Gentlemen’s Groomers, and Montebello Ristorante Italiano.

How much is the rent price for office space at 120 East 56th Street?

Office asking rents in the Plaza District are not for the faint of heart, especially when it comes to Class A spaces. Rents can often surpass $90 or even $100 for state-of-the-art space in this submarket, which makes it ideal for large corporations and institutions. Class B assets such as Park 56 offer a good alternative, boasting significantly lower rents but offering all the modern features and amenities tenants look for in Manhattan. Rents at 120 East 56th Street start around $60 per square foot.

Image via Google Street View

Available Spaces

Interested in office space at 120 East 56th Street, Park56 Office Space for Lease? Contact us today

Listing Location & Nearby Public Transportation

Nearby Transportation

Subway

53rd Street–Lexington Avenue - 5 minutes Walk
59th Street (456) - 7 minutes Walk
Lexington Avenue–59th Street - 8 minutes Walk
53rd Street–5th Avenue - 7 minutes Walk
51st Street (6) - 5 minutes Walk
5th Avenue–59th Street - 9 minutes Walk

Bus

East 50th Street/Lexington Avenue - 8 minutes Walk
East 50th Street/Madison Avenue - 8 minutes Walk
East 60th Street/Park Avenue - 6 minutes Walk
Madison Avenue/East 60th Street - 7 minutes Walk
Madison Avenue/East 59th Street - 6 minutes Walk
East 60th Street/Madison Avenue - 7 minutes Walk
3rd Avenue/East 60th Street - 8 minutes Walk
3rd Avenue/East 61st Street - 8 minutes Walk
2nd Avenue & East 57th Street - 8 minutes Walk
East 60th Street/Lexington Avenue - 6 minutes Walk
2nd Avenue & East 54th Street - 9 minutes Walk
East 57th Street & 3rd Avenue - 5 minutes Walk
East 57th Street & Lexington Avenue - 3 minutes Walk
Madison Avenue & East 54th Street - 4 minutes Walk
5th Avenue & West 56th Street - 6 minutes Walk
East 57th Street & Park Avenue - 2 minutes Walk
3rd Avenue & East 55th Street - 4 minutes Walk

Important information

This listing is presented for illustrative purposes only, it may no longer be available, and is provided merely as an exemplary representation of the types of spaces in a given neighborhood for a given price