599 lexington avenue new york 10022 – Welcome to the iconic 599 Lexington Avenue, a captivating architectural masterpiece nestled in the heart of New York City. With its rich history and modern amenities, this prestigious address offers a blend of sophistication and convenience that is second to none.
Join us as we delve into the allure of this extraordinary building and its vibrant surroundings, providing insights into its architectural significance, neighborhood amenities, and market trends.
599 Lexington Avenue stands as a testament to the enduring power of architectural innovation. Its distinctive design and thoughtful amenities create an environment that fosters productivity, creativity, and well-being. As we explore the building’s interior, we will uncover its unique features and the reasons why it has become a sought-after destination for businesses and individuals alike.
Building Profile
599 Lexington Avenue is a 41-story, 1.8 million square foot office tower located in the Plaza District of Midtown Manhattan, New York City. The building was designed by Edward Durell Stone and Emery Roth & Sons and completed in 1983.
It is known for its distinctive trapezoidal shape and its use of granite and glass in its facade.
The building is currently owned by Boston Properties and is occupied by a mix of tenants, including financial services firms, law firms, and technology companies. The building has undergone several renovations in recent years, including a major upgrade to its lobby and common areas in 2015.
Notable Features
599 Lexington Avenue is notable for its several features, including:
- Its distinctive trapezoidal shape, which gives the building a unique and recognizable profile.
- Its use of granite and glass in its facade, which gives the building a modern and sophisticated look.
- Its large floor plates, which provide tenants with efficient and flexible workspaces.
- Its high ceilings and large windows, which provide tenants with ample natural light and views of the surrounding city.
- Its state-of-the-art amenities, including a fitness center, conference center, and rooftop terrace.
Historical Significance, 599 lexington avenue new york 10022
599 Lexington Avenue is also notable for its historical significance. The building was constructed on the site of the former Hotel Lexington, which was a popular destination for travelers in the early 20th century. The Hotel Lexington was demolished in 1980 to make way for the construction of 599 Lexington Avenue.
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599 Lexington Avenue is a significant example of the postmodern architecture movement of the 1980s. The building’s trapezoidal shape and use of granite and glass are typical of the postmodern style, which sought to break away from the modernist style of the 1950s and 1960s.
Neighborhood Analysis
Nestled in the heart of Midtown Manhattan, 599 Lexington Avenue is surrounded by a vibrant and diverse neighborhood that offers an array of amenities and attractions. The area is characterized by its towering skyscrapers, bustling streets, and proximity to iconic landmarks, making it a highly desirable destination for residents and visitors alike.
Amenities and Attractions
The neighborhood surrounding 599 Lexington Avenue boasts an impressive array of retail options, from high-end boutiques to charming independent shops. The nearby Grand Central Terminal offers a vast selection of dining choices, from casual eateries to fine-dining establishments. Transportation options are abundant, with multiple subway lines and bus routes providing convenient access to other parts of the city.
Cultural attractions are also within easy reach, including the Museum of Modern Art, the New York Public Library, and the Theatre District.
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Livability and Desirability
599 Lexington Avenue’s neighborhood is renowned for its high livability and desirability. The area is generally safe, with a strong police presence and a well-maintained urban environment. Walkability is excellent, with most daily errands and destinations easily accessible on foot.
Green spaces are also plentiful, with Central Park and Bryant Park offering ample opportunities for relaxation and recreation.
Market Trends
The real estate market in the area surrounding 599 Lexington Avenue is experiencing a period of growth and development. Rental rates and sales prices are on the rise, and there is a strong demand for both residential and commercial properties.
Several factors are influencing the market, including the strong economy, the influx of new residents, and the limited supply of available properties. In addition, several development projects are underway in the area, which is expected to further boost the market.
Rental Rates
Rental rates in the area have been steadily increasing over the past few years. The average rent for a one-bedroom apartment is now $3,500 per month, while the average rent for a two-bedroom apartment is $4,500 per month.
There are several factors contributing to the rising rental rates, including the strong demand for housing, the limited supply of available properties, and the increasing cost of living in New York City.
Sales Prices
Sales prices in the area have also been rising over the past few years. The average sale price for a one-bedroom apartment is now $1 million, while the average sale price for a two-bedroom apartment is $1.5 million.
There are several factors contributing to the rising sales prices, including the strong demand for housing, the limited supply of available properties, and the low interest rates.
Market Demand
There is a strong demand for both residential and commercial properties in the area. This is due to the area’s desirable location, its proximity to public transportation, and its growing popularity as a residential and commercial destination.
The strong demand for properties is expected to continue in the coming years, as the area continues to grow and develop.
Transportation and Accessibility
Lexington Avenue boasts exceptional transportation connectivity, offering an array of options for commuters and visitors alike.
Public Transportation
The building’s prime location places it within a short walking distance of several major subway stations:
51st Street Station (E and M lines)
3-minute walk
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Lexington Avenue-53rd Street Station (E and M lines)
5-minute walk
Grand Central Terminal (4, 5, 6, 7, and S lines)
8-minute walkThese subway lines provide direct access to Manhattan’s bustling business districts, as well as to other boroughs and suburbs.
Ride-Sharing Services
Ride-sharing services such as Uber and Lyft are readily available in the area, offering a convenient and flexible transportation option. Designated pick-up and drop-off zones are located nearby for easy access.
Parking Facilities
For those who prefer to drive, there are numerous parking garages and valet parking services within a short distance of the building. Monthly parking rates are competitive and vary depending on the specific garage.
Accessibility
The building is fully accessible, with ramps and elevators providing easy access for people with disabilities. The building’s proximity to major transportation hubs and the availability of accessible public transportation options further enhance its accessibility.
Potential Transportation Improvements and Challenges
Future transportation improvements in the area may include the expansion of subway service or the introduction of new bus routes. These improvements could further enhance the accessibility of 599 Lexington Avenue. However, potential challenges such as increased traffic congestion during peak hours should be considered.
Comparative Analysis
599 Lexington Avenue stands out among its peers in the area due to its exceptional size, premium amenities, and prime location. Compared to similar buildings in the vicinity, it offers a compelling value proposition with distinct competitive advantages and opportunities for improvement.
In terms of size, 599 Lexington Avenue boasts an impressive 1.2 million square feet of office space, making it one of the largest buildings in the Midtown East submarket. This scale provides tenants with ample flexibility and options to accommodate their business needs, including large floor plates that can foster collaboration and efficiency.
Amenities and Features
599 Lexington Avenue sets itself apart with its comprehensive suite of amenities and features. It offers a state-of-the-art fitness center, a modern conference center, and a variety of dining options, including a cafeteria and a rooftop restaurant with panoramic city views.
These amenities cater to the well-being and convenience of tenants, enhancing their overall work experience and satisfaction.
Location and Accessibility
The building’s prime location on Lexington Avenue places it in the heart of Midtown East, one of Manhattan’s most desirable business districts. It is within walking distance of Grand Central Terminal, providing excellent access to public transportation and facilitating seamless commuting for tenants and visitors.
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Additionally, the building is surrounded by a vibrant neighborhood with an array of restaurants, retail stores, and cultural attractions, offering a rich and convenient environment for employees.
Competitive Advantages and Disadvantages
599 Lexington Avenue’s competitive advantages lie in its size, amenities, and location. Its large floor plates and comprehensive amenities cater to the needs of modern businesses seeking a prestigious and well-equipped work environment. The building’s central location in Midtown East provides excellent accessibility and visibility, making it an attractive choice for companies looking to establish a strong presence in the city.
However, there are areas where 599 Lexington Avenue could improve its competitiveness. One potential disadvantage is its age compared to some newer buildings in the area. While the building has undergone renovations and upgrades, it may not offer the same level of cutting-edge technology and sustainability features as some of its more modern counterparts.
Unique Selling Points and Areas for Improvement
One unique selling point of 599 Lexington Avenue is its iconic Art Deco design. The building’s distinctive facade and grand lobby create a sense of history and prestige, appealing to tenants seeking a unique and memorable work environment. To enhance its competitiveness further, the building could consider investing in additional sustainability initiatives and energy-efficient upgrades, which are increasingly important to environmentally conscious tenants.
Closing Summary: 599 Lexington Avenue New York 10022
In conclusion, 599 Lexington Avenue emerges as a beacon of excellence, offering an unparalleled blend of architectural beauty, modern amenities, and prime location. Its competitive advantages and potential for growth make it an exceptional investment opportunity. Whether you seek a prestigious business address or a vibrant living space, 599 Lexington Avenue promises an exceptional experience that will surpass your expectations.
Essential Questionnaire
What is the architectural style of 599 Lexington Avenue?
599 Lexington Avenue showcases a blend of Art Deco and International Style architecture, featuring clean lines, geometric shapes, and an emphasis on functionality.
What amenities are available at 599 Lexington Avenue?
599 Lexington Avenue offers a comprehensive range of amenities, including 24-hour concierge service, a state-of-the-art fitness center, a business center, and multiple dining options.
What is the neighborhood like surrounding 599 Lexington Avenue?
The surrounding neighborhood is vibrant and dynamic, with an eclectic mix of shops, restaurants, cultural attractions, and green spaces, making it a highly desirable location for both living and working.
