200 Park Avenue — New York, NY 10166
Office Building • 2,768,775 SF • Built 1963
Quick facts
- Current owner: RANDOLPH ACQUISITION CORP. (Reported: Irvine Company sole owner as of 2024)
- Last sale date: 2024-04-25
- Assessed value (2025): $626,062,518
Building details
- Zoning: C5-3
- Certifications: LEED Platinum; ENERGY STAR
- Notes:
- Iconic 59-story MetLife Building atop Grand Central Terminal
- One of the largest office buildings in the US by floor area
Market context — Midtown Manhattan
- Avg asking rent: $79.50/SF (Full Service Gross)
- Vacancy: 12.8% (Q4 2024)
Tenant intel
- MetLife
- Estée Lauder Companies
- BNY Mellon
- Marsh McLennan
- Boston Consulting Group
Key talking points
Trophy asset: Landmark building with direct Grand Central access; irreplaceable transit connectivity.
Ownership shift: Irvine Company now sole owner following 2024 acquisition, signaling long-term hold strategy.
Tenant stability: Blue-chip roster with MetLife, Estée Lauder, and major financial/consulting firms.
Premium positioning: LEED Platinum + prime Midtown location commands top-tier rents in competitive market.
Sources: costar.com; loopnet.com; cbre.com; nyc.gov
Generated: 2025-12-01


