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The Chrysler Building - 405 Lexington Avenue, New York, NY 10174

The Chrysler Building - 405 Lexington Avenue, New York, NY 10174

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Address

Building name The Chrysler Building
Primary address The Chrysler Building - 405 Lexington Avenue
Secondary address 135-143 E 42nd St
Neighborhood Turtle Bay
Zip code 10174
Borough Manhattan
Block & lot 01297-0023

Sales & Tax Overview for 405 Lexington Avenue, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 11/01/2017
Purchase price $28,050,000
Tax class

Lot & Building Information for 405 Lexington Avenue, New York

Lot sqft 37,525
Lot dimensions 200.83 ft x 205 ft
Building class Office Only with or without Commercial - 20 Stories or More (O4) i
Building sqft 1,035,307
Building dimensions 200.83 ft x 205 ft
Buildings on lot 1
Stories 68
Year built 1930
Year last altered 1999

Zoning & Use for 405 Lexington Avenue, New York

Zoning
Commercial units 167
Office sqft
Retail sqft

Area Overview

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

School district 2
Community district 6
Closest police station 0.41 Miles
Closest fire station 0.19 Miles

Building Description

Located in Turtle Bay, Manhattan, the Chrysler Building is used primarily as a commercial office space with a few retail establishments. It has some of the best views in NYC. This 68-story building was built in 1930 and maintained its designation as the world's tallest building for less than a year before the Empire State Building was completed. As of 2016, it's still the tallest brick building anywhere in the world, though it does have a steel frame. It is a classic example of Art Deco architecture and many experts consider it one of the most architecturally impressive buildings not just in Manhattan but in the world.

Many multinational companies have called the Chrysler Building home. In fact, Texaco once occupied 14 of its floors, one of which was a world-class restaurant with unique amenities like a barber shop and locker rooms. Its recent environmentally friendly renovations have earned it a LEED certification for Existing Buildings. The 360-degree views from most floors offer a glimpse of not only Manhattan but also the other boroughs and even New Jersey. There's direct access to Grand Central Station, as well as other public transportation options, and it is staffed with security 24 hours a day.

Other Property Data for 405 Lexington Avenue, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for The Chrysler Building - 405 Lexington Avenue, New York, NY 10174, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for The Chrysler Building - 405 Lexington Avenue, New York, NY 10174, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 135-143 E 42nd St, New York, NY 10174
  • 130-140 E 43rd St, New York, NY 10174
  • 393-413 Lexington Ave, New York, NY 10174

About 405 Lexington Avenue, New York

How many sq. ft. does The Chrysler Building - 405 Lexington Avenue, New York, NY 10174 have & what is the price per sq. ft?

This Office Only with or without Commercial - 20 Stories or More (O4) located at The Chrysler Building - 405 Lexington Avenue, New York, NY 10174 has a total of 1,035,307 square feet and a current price per square foot of $27.

What is the year built & the current market value of The Chrysler Building - 405 Lexington Avenue, New York, NY 10174?

The Chrysler Building - 405 Lexington Avenue, New York, NY 10174 was built in 1930 and has a current tax assessor's market value of $388,153,000.

How many commercial spaces does this building have?

This building has 167 commercial spaces available for lease. There are 13 active listings at this address.

Ownership Information

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Property owner for The Chrysler Building - 405 Lexington Avenue, New York, NY 10174
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Building contacts for The Chrysler Building - 405 Lexington Avenue, New York, NY 10174
Building management:
Representatives (from permits):
Tenants:
Registered voters:


Office Spaces for Lease in 405 Lexington Avenue, New York

The Chrysler Building
Listing type For Lease
Last updated 08/31/2023
View Listing

Brokers

A. J. Camhi
Paul Milunec
Rob Weller
Spaces
Suite name Space type Lease rate Available space Brokers
#6500 General Office Listing price not available 7,632 A. J. Camhi
Paul Milunec
Rob Weller
#6700 General Office Listing price not available 7,654 A. J. Camhi
Paul Milunec
Rob Weller
#6800 General Office Listing price not available 5,767 A. J. Camhi
Paul Milunec
Rob Weller
#3303 General Office Listing price not available 3,547 A. J. Camhi
Paul Milunec
Rob Weller
#3504 General Office Listing price not available 2,803 A. J. Camhi
Paul Milunec
Rob Weller
#2500 General Office Listing price not available 19,303 A. J. Camhi
Paul Milunec
Rob Weller
#2400 General Office Listing price not available 20,621 A. J. Camhi
Paul Milunec
Rob Weller
#1500 General Office Listing price not available 37,616 A. J. Camhi
Paul Milunec
Rob Weller
#1000 General Office Listing price not available 37,587 A. J. Camhi
Paul Milunec
Rob Weller
#1100 General Office Listing price not available 37,587 A. J. Camhi
Paul Milunec
Rob Weller
#5401 General Office Listing price not available 3,275 A. J. Camhi
Paul Milunec
Rob Weller
#4300 General Office Listing price not available 11,292 A. J. Camhi
Paul Milunec
Rob Weller
#3201 General Office Listing price not available 4,728 A. J. Camhi
Paul Milunec
Rob Weller
Active Listings For This Property:
For Lease The Chrysler Building
The Chrysler Building
405 Lexington Avenue, New York
Property General Office
Availability 13 Spaces listed / 199412 Sqft
Price Listing price not available
Real Estate Reports:
Eliza Theiss, Sep 05, 2023 Digital Signatures vs. Electronic Signatures: Understanding the Difference
Often used interchangeably, the terms digital signatures and electronic signatures play different roles in validating documents and transactions.

Past Sales & Property History for 405 Lexington Avenue, New York

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Purchase date Purchase price Buyer name Seller name
11/01/2017 $28,050,000
07/08/2008 $720,000,000
08/27/2004 $25,283,125
       
       
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*Here are the three most recent sales for this property.

Title Documents for 405 Lexington Avenue, New York

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Doc rec date Doctype Document amount Party1 name Party2 name Link to doc with redirect
10/08/2021 - R Ucc3 Continuation
11/25/2019 - D Agreement
10/30/2019 - D Subordination Of Mortgage
04/10/2019 - R Ucc3 Termination
04/04/2019 - D Satisfaction Of Mortgage
04/11/2019 - R Initial Ucc1
04/05/2019 - D Assignment Of Leases And Rents
04/05/2019 - D Mortgage
04/05/2019 - D Assignment Of Lease
11/06/2018 - D Subordination Of Mortgage
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R: Recorded date
D: Document date

Property Taxes for 405 Lexington Avenue, New York

Access detailed property tax data for The Chrysler Building - The Chrysler Building - 405 Lexington Avenue, New York, NY 10174. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2023-2024
Property tax: $0
Tax assessor's market value: $388,153,000
Assessed value: $174,668,850
Exemptions granted by city:

Assessment History for 405 Lexington Avenue, New York

Here's the assessment & property tax history for 405 Lexington Avenue, New York, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate% Base tax Property tax
2022/23 $374,241,000 $168,408,450 $0 10.646% $17,928,764 $0
2021/22 $397,777,800 $179,000,010 $0 10.755% $19,251,450 $0
2020/21 $435,555,600 $196,000,020 $0 10.694% $20,960,240 $0
2019/20 $457,008,000 $205,653,600 $0 10.537% $21,265,141 $0
2018/19 $471,828,000 $212,322,600 $0 10.514% $21,129,754 $0

Permits for 405 Lexington Avenue, New York

The complete history of permits filed for 405 Lexington Avenue, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
06/09/2023 Alteration
05/17/2023 Alteration
05/12/2023 Alteration
02/27/2023 Alteration
11/18/2022 Alteration
11/03/2022 Alteration
10/14/2022 Alteration
10/13/2022 Alteration
08/19/2022 Alteration
08/19/2022 Alteration
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Manhattan Commercial Market Stats

Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2023
$702
8.5% YoY
Median Price/Sqft Q4/2022
$750
1.2% YoY
Median Price/Sqft 2022
$715
3.5% YoY

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Lexington Ave & 43rd St at SE Corner
Station lines GS-4-5-6-7
Distance (miles) 0.012
View subway map
Bus Routes
Name E 42 St/Lexington Av
Line M42
Distance (miles) 0.036

Neighbors for 405 Lexington Avenue, New York

Here are the neighbors for The Chrysler Building - The Chrysler Building - 405 Lexington Avenue, New York, NY 10174.

Address Square feet Purchase date Purchase price
425 Lexington Ave, New York 627,691 10/30/2018 $701,000,000
125 Park Ave, New York 520,416 11/01/2017 $28,050,000
630 3rd Ave, New York 210,777 11/18/2022 $97,812,531
622 3rd Ave, New York 986,431 11/01/2017 $28,050,000
369 Lexington Ave, New York 118,587 09/09/2013
101 Park Ave, New York 1,088,389 11/01/2017 $28,050,000
155 E 42nd St, New York 21,910 04/05/2019 $75,500,000
143 E 43rd St, New York 21,000
684 3rd Ave, New York 12,000 02/25/1997
110 E 42nd St, New York 304,138
122 E 42nd St, New York 862,071 08/31/2016
690 3rd Ave, New York 1,750 04/27/2015 $13,806,000
168 E 44th St, New York 3,360 07/20/2009
370 Lexington Ave, New York 246,605 12/17/2018 $190,000,000
625 Madison Ave, New York 535,344 11/01/2017 $28,050,000
145 E 42nd St, New York 10,721 04/05/2019 $75,500,000
686 3rd Ave, New York 5,025 04/27/2015 $13,806,000
694 3rd Ave, New York 1,680 04/27/2015 $1,742,000
355 Lexington Ave, New York 225,000 11/30/2011
696 3rd Ave, New York 1,680 10/22/2007 $10,750,000
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