What is 300 Park Avenue and where is it located
300 Park Avenue is a Class A office tower in Midtown Manhattan, New York City, occupying a full block between Madison Avenue and Vanderbilt Avenue from 45th to 46th Street. Operated as a verified commercial real estate asset, it provides modern workplace environments with direct access to Grand Central Terminal and major transit arteries. The building supports long-term tenants seeking premium footprints, on-site amenities, and connectivity to one of the busiest office districts in the United States.
Built as part of a broader Midtown office corridor, the tower is designed to serve financial services, technology, and professional services firms. Its location enables fast commutes for employees working across Midtown, Lower Manhattan, and regional hubs. The address is commonly used as a corporate location marker and a reference point for benchmarking rents, transit times, and occupancy rates.
Key building facts and specifications at a glance
The following table summarizes verified structural, operational, and location attributes of 300 Park Avenue. Values are rounded to the most commonly reported public estimates from real estate data sources and municipal records.
| Attribute | Verified Detail | Source Type |
|---|---|---|
| Street address | 300 Park Avenue, New York, NY 10022 | Municipal tax records |
| Building type | Class A office tower | Industry classification | Completion year | 300 Park Avenue: Completed 1973; 399 Park Avenue: Completed 1964 | Public permits and ownership filings |
| Height (roof) | Approximately 600 ft (183 m) | Council on Tall Buildings & Urban Habitat (CTBUH) |
| Floor count | Approximately 40 stories | Emporis / Skyscraper Center |
| Gross floor area | Approximately 1.4 to 1.6 million square feet | Commonly cited industry figures |
| Primary ownership | Brookfield Property Partners (as of recent public filings) | SEC filings and property records |
| Notable transport links | Grand Central Terminal, Metro-North, LIRR, multiple subway lines (4,5,6,7,S) | MTA and terminal operator data |
Transport, park and ride access, and commute context
Primary transit options for employees and visitors
300 Park Avenue benefits from direct adjacency to Grand Central Terminal, which functions as a major regional transport hub. The terminal hosts Metro-North Railroad, Long Island Rail Road, and New York City Subway services, enabling quick connections to Westchester, Connecticut, and all five boroughs. For commuters arriving by car, several municipal park and ride facilities are located within a short walk, reducing the need for on-site parking and easing congestion in the immediate area.
Park and ride facilities commonly referenced near 300 Park Avenue
While the building itself does not operate a public park and ride, nearby garages and structured lots serve as de facto commuter drop-off and parking points. These facilities are typically privately operated but are used by regional transit agencies and employers to promote multi-modal commuting. Travelers should verify real-time availability, pricing, and access rules before relying on a specific facility for morning or evening trips.
- Grand Central structures and nearby privately managed garages on Vanderbilt Avenue and 45th Street
- Municipal and employer-subsidized lots in Midtown East that coordinate with shuttle services
- On-demand ride services and scheduled buses connecting peripheral park and ride sites to Grand Central
Ownership, management, and leasing highlights
300 Park Avenue is owned and managed by Brookfield Property Partners, a global real estate manager. Public leasing summaries indicate the tower is occupied by a mix of financial services, corporate headquarters, and professional service firms, with average lease terms suited for medium to large teams. The management team emphasizes sustainability initiatives, including energy efficiency upgrades and tenant recycling programs, which are increasingly considered in corporate location decisions.
Historical milestones and major events
300 Park Avenue reached practical completion in 1973 and has undergone several notable renovations to maintain its Class A status. Key milestones include façade improvements, upgrades to mechanical systems, and lobby modernization projects that align with current accessibility and commercial standards. While not an officially designated landmark, the building is frequently cited in Midtown case studies due to its size, age, and proximity to transit infrastructure.
Considerations for tenants and investors
For tenants, 300 Park Avenue offers proximity to transit, large floor plates, and established building amenities, which can reduce relocation friction and support scalability. Investors should weigh the benefits of a central location against ongoing operating costs, property taxes, and the competitive dynamics of newer office supply in Midtown. Occupancy trends, covenant compliance, and capital expenditure forecasts are best evaluated using current market reports and third-party valuations.