245 Park Avenue, Office skyscraper in Midtown Manhattan, United States
245 Park Avenue is a 48-story office tower in Midtown Manhattan with a modern facade and expansive windows. The building offers roughly 1.7 million square feet of office space and houses numerous major corporations and financial firms.
The tower was completed in 1967 by the architectural firm Shreve, Lamb and Harmon on the site of a former exhibition hall. Its construction represented a major phase of Manhattan's modern commercial development.
The building sits at the heart of Manhattan's financial district, drawing thousands of workers and visitors who pass through its entrance halls daily. Its public spaces reflect the formal character of a major international business center.
The building sits near Grand Central Terminal with easy access to public transportation throughout the area. The surrounding neighborhood has numerous restaurants, cafes, and shops that make navigating the area straightforward.
The property sold for roughly 2.2 billion dollars in 2017, ranking among the highest prices ever paid for a New York office tower. This enormous value reflects continued demand for premium office space at the heart of Manhattan.
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