With nearly 50,000 square ft. of open floor space, the 49th and 50th floor Office Penthouses present a rare business opportunity at the center of midtown. Standing over 685 ft. tall, 277 Park Avenue is pleased to introduce its Office Penthouses for the first time since the building was constructed. The space offers unobstructed city views of the East River, 59th Street Bridge and iconic landmarks such as The Chrysler and MetLife buildings. With high ceilings, overflowing light and a functional kitchen, the Office Penthouses allow future businesses to shape a noteworthy and exceptionally expansive office space. The building offers 24-7 secured access, a full-time security and engineering staff, two separate entrances on Park Avenue and Lexington Avenue (adjacent to two Metro North north end access points to Grand Central Terminal), abundant electrical service, ample condenser water for supplemental cooling, generator capacity for emergency power supply, on-site parking and access to The Manhattan Athletic Club.


  • Gross Building Area: 1,850,000 SF
  • 24,618 SF per floor
  • $135 Million Renovation including Passenger Elevators, Electric Service and HVAC upgrades
  • Major tenants include JPMorgan Chase, Met Life, ANZ Bank, Spencer Stuart, Sumitomo Mitsui Banking Corporation, Hartford Insurance, Agricultural Bank of China, Raymond James, Sterne Agee & Leach, Nippon Life Insurance Co., and Bank of India
  • Walking distance to Grand Central, major subway lines including 4/5/6, S and Metro North


  • Comprehensive Fire Safety/Emergency Action Plan in place
  • Fire Alarm System/Command Center upgraded in 2013
  • Public Address under Class E system
  • Two (2) Generators for building system with an additional 500 KW Generator available for Tenant critical loads


  • Two (2) pipe or Four (4) pipe HVAC Fan Coil System on perimeter with individually fed Mammoth Units supplying VAV interior or from supply fan system
  • Hours of HVAC operation are Monday-Friday from 8AM to 6PM, Saturday from 8AM to 1PM
  • Overtime HVAC is available and can be reserved through management offices
  • Condensed Water can be made available for supplemental cooling


  • Submetered Electric Billing and existing (sub)meters within the premises
  • Electricity fed via six (6) individual services with network protectors
  • Electrical Capacity Available = 6 watts (demand load) per rentable square foot (exclusive of base building HVAC)


  • Thirty-five (35) Passenger Elevators in building
  • Passenger Elevators manufactured by Otis Elevator with O. Thompson controllers
  • Eight (8) High Rise Cars serving lobby and floors 35-50 with speed of 1000ft/minute
  • Two (2) Freight Car Elevators, car clear inside dimension is 108" H x 105" W x 70" D; door opening at entrance is 84" H x 54"W
  • Freight Car has capacity of 5000 lbs. and speed of 800ft/minute
  • One (1) Feeder Car (loading dock to lobby) with 5000 lbs. capacity
  • Two (2) Fulltime on-site Mechanics and Full Service Maintenance Agreement
  • Mechanical Upgrades completed; upgrade of door operating equipment in progress
  • All elevators upgraded with solid state controllers, SCR Drives and Captivate TV Screens


  • Slab-to-Slab Height: 12 ft. 5 inches (Penthouses)
  • Column Spacing: 22' on center
  • Structural Reinforcement for UPS systems and lateral files
  • 50th Floor delivered with stubbed in utilities for executive kitchen


  • Telecom Carriers to building include Verizon, Verizon Business, Cogent and Time Warner
  • Dual Points of Entry to accommodate public telecom carrier facilities
  • MUX for each carrier located in basement at various points of entry
  • One (1) Main Riser Closet in building with a minimum of three (3) other smaller Satellite Closets on each floor; ability to add secondary riser if needed
  • POE Secure
  • Four (4) stacked Common Closets per floor (for riser usage)


  • Building Management under Seimens Apogee System
  • Immediate/same day response time for building issues
  • Tenant can connect to BMS as needed
  • Overtime Services can be arranged through tenant services coordinator in building office


277 Park Avenue also offers over 24,000 sq. feet of office space on both the 37th and 38th floor. This space will be available in February 2015 and is currently occupied by Nomura Securities USA. The floors are available for lease individually or on a combined basis.

The Ownership will deliver these floors demolished and ready for tenant construction or in their present condition based on tenant requirements. Please see the attached floor plans and specifications relating to this unique offering.