230 Park Avenue

Address: 230 Park Avenue
City: New York
State: New York
Square Feet: 1.4 million
# of Floors: 34
Date Acquired: 12/2007
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PROPERTY OVERVIEW

Built in 1929, 230 Park Avenue is the Crown Jewel of Park Avenue.  Its elaborate Beaux Arts architecture emphasizes classical form and style.  Architects Warren and Wetmore, who gained prominence for their design of Grand Central Terminal, built the 34-story building as the headquarters for the New York Central Railroad Co.  With a rentable area of 1.4 million square feet, 230 Park features floor plates of 70,000 square feet on the base floors and 22,000 square feet on the tower floors.

Distinctive features of the landmark building include an ornate lobby accented by Jaspé oriental marble walls and original bronze chandeliers and fixtures, a one of a kind cupola at the top of the building, breathtaking views up Park Avenue, direct access to Grand Central Station and two pedestrian through-block arcades (45th Street to 46th Street).  These unique features make 230 Park Avenue one of the most prestigious and photographed buildings in Manhattan.

BUILDING AMENITIES

As an extensively restored historic property, 230 Park benefits from significant restoration and modernization projects.  Restoration projects include refinishing the exterior limestone and brick work, restoration of the cupola, upgrading of the pedestrian arcades, restoration of the storefronts to a dark bronze finish and refurbishment of the lobby and common corridors.  Modernization projects have provided the building with card key access, a 24/7 manned security desk, point monitoring access and CCTV at all entry points, modernized elevators, backup electrical generators, and new operable thermo-pane windows throughout the building.

The building's chiller plant utilizes two Trane high-pressure steam two-stage absorbers (950-tons each) and two York, Centrifugal steam driven turbine chillers (1,500-tons each), all connected to six new BAC cooling towers.  The property also has three winterized cooling towers that provide year round, 24-hour condenser water to the tenants' supplemental HVAC units.

Monday Properties continues to enrich the iconic New York City building with ongoing improvements including: corridor and bathroom renovations, electrical system upgrade, fire pump replacement, freight elevator modernization, HVAC upgrades, exterior facade restoration and landmark approved lobby renovations that include an additional visiting center and bronze murals.

CERTIFIED LEED-EB GOLD

230 Park Avenue is the first Pre-War Office Building to achieve LEED-EB GOLD Certification under the United States Green Building Council (USGBC) program and one of only three buildings in New York City with the designation.  LEED-EB Certification ranks 230 Park Avenue at the top of its class – ensuring the highest level of ongoing operations addressing sustainability and energy efficiency.  The LEED program requires excellence in site maintenance, water efficiency, energy efficiency, material selection, and indoor environmental quality.  Monday Properties has implemented a multitude of programs to maximize the health of the indoor environment as well as ensure that the building is running efficiently to minimize its carbon footprint and environmental impact. From green cleaning, to preventative maintenance plans, to high efficiency filters, 230 Park Avenue provides its tenants with the systems and staff worthy of LEED-EB GOLD certification, within the splendor of a landmarked building.

EPA’S ENERGY STAR

Monday Properties undertook a series of additional renovations at 230 Park Avenue to further improve its energy efficiency and carbon emissions and earned the  EPA’s ENERGY STAR rating.  The project included installing energy-efficient lights, extensive load shedding, multiple equipment upgrades and an upgraded building management system (BMS).  The renovations are expected to reduce energy consumption by 200 kBtu/sf, while reducing carbon emissions by 7,000 tons per year.

TENANT PROFILES

230 Park Avenue is currently home to such outstanding tenants as ING, HSH Nordbank, Otterbourg Steindler, PB Capital Corporation, HQ Global Workplaces, Tokio Marine Fire & Insurance, Banco de la Nacion Argentina, Simon Property Group and Six Flags.

LEASING CONTACTS

Jordan Berger- Monday Properties - 212-692-4393

Paul N. Glickman - Jones Lang LaSalle - 212-418-2646

Jonathan Fanuzzi - Jones Lang LaSalle  - 212-812-6044

Frank Doyle - Jones Lang LaSalle  - 212-812-5759

David M. Kleiner - Jones Lang LaSalle  - 212-812-5954

 

230 Park Avenue, New York, NY 10169, 212-490-7100 | 1000 Wilson Boulevard, Arlington, VA 703-294-0200