450 Lexington Avenue

East Midtown

Open on the map4 entries

The lot about 1940
About 1940. Via 1940s.nyc
The lot about 1985
About 1985. Via 80s.nyc

The city photographed every building for its tax records around 1940 and again in the 1980s. NYC Municipal Archives.

Written with AI from the source each entry cites, then fact-checked.

  1. 1909

    Warren and Wetmore build the Grand Central Post Office on this site

    The Grand Central Post Office, designed by Warren and Wetmore, was built here between 1906 and 1909. In the early 1990s a new office tower was built within and above it, and the old post office building still stands beneath the modern skyscraper.

    Source: Wikipedia

  2. 1992

    A 38-story tower rises above the preserved post office

    Skidmore, Owings & Merrill designed the 568-foot, 38-story office tower, finished in 1992 and clad in Sardinian gray granite with a repeating diamond motif. Prudential Financial, the anchor tenant and original developer, backed out of the project. Hines took over development, and Sterling Equities ultimately developed it.

    Source: Wikipedia

  3. 2007

    Istithmar refinances 450 Lexington for $600 million a year after buying it

    Istithmar World Capital bought 450 Lexington Avenue in 2006. The following year it refinanced the property for $600 million. RXR Realty later bought a portion of that debt.

    Source: commercialobserver.com

  4. 2012

    July

    RXR Realty goes under contract to buy 450 Lexington from Istithmar

    In July 2012 RXR Realty, run by Scott Rechler, went under contract to buy 450 Lexington Avenue. It had spent the previous two years buying part of the $600 million of debt on the property, which a person close to the deal said was maturing. According to CoStar data, the 910,473-square-foot office building was 99.3 percent occupied, with tenants including Morgan Stanley Smith Barney and the law firm Davis Polk & Wardwell. The price was not disclosed.

    Source: commercialobserver.com

Further reading

Nearby

All 43 buildings with stories in East Midtown