Market data: Q3 2026 · Corridor and area-level detail: Metro Manhattan internal research (June 2026) · Last reviewed October 2026
$43.34/SF Class A Asking (Direct)
22.2% Submarket Vacancy
None on record Class A Sublease
$90.57/SF Midtown Class A (context)
3 Active Listings
United Nations / Turtle Bay Class A direct asking rent ($43.34/SF), vacancy (22.2%), and the absence of recorded sublease inventory come from Metro Manhattan, Class A Office Rents in New York City by Neighborhood (as of August 1, 2025). Midtown Class A context ($90.57/SF, the highest since 2008) is Cushman & Wakefield, Manhattan Office MarketBeat Q3 2026. For these blocks, Cushman & Wakefield puts its East Side/UN submarket at $73.96/SF Class A and $72.71/SF overall, with 19.4% vacancy and about 322,000 SF of vacant sublease space (Q3 2026). For context, Savills puts East Side/UN at $75.90/SF with 14.0% availability, CBRE puts its East Side district at $70.86/SF with 17.2% availability, and Colliers has Manhattan availability at 12.4%. Neighboring Grand Central Class A asked $93.37/SF (Metro Manhattan, August 2025) and $85.34/SF (Cushman & Wakefield, Q3 2026). Asking rents, before concessions.

Three blocks east of Grand Central, Midtown finally goes quiet. The crowds thin, the sidewalks open up, and you land in Turtle Bay, the corner of Midtown East that wraps around the United Nations, where consulates and international missions have kept their offices for decades. It’s never had the swagger of Park Avenue or the shine of Hudson Yards, and for the right tenant, that’s exactly the point.

Start with the rent, because that’s where the difference shows up. Cushman & Wakefield’s third-quarter numbers put Class A asking rents in its East Side/UN submarket at $73.96 a foot. Walk five minutes west to Grand Central and the Class A average is $85.34. On a 3,000-square-foot office, that $11.38 gap is worth about $34,000 a year. Our own August 2025 study, which tracks direct Class A asks, found a wider gap, about $43 here against $93 at Grand Central. Either way, the discount traces back to one thing: who leases here.

Hedge funds and white-shoe firms aren’t outbidding each other for trophy addresses here. It’s diplomatic missions, nonprofits, and U.N. agencies that signed long leases years ago and have no reason to leave. Demand is steady, but it’s quiet, so nobody’s pushing the rent into the clouds. If your business runs on getting work done rather than being seen doing it, that quiet saves you real money.

None of that makes it a slam dunk, and you should know the catches before the price tag wins you over. The subway is a genuine walk, since the 4, 5, and 6 run along Lexington several blocks west and there’s no train at all on First or Second Avenue. And because these tenants so rarely give space back, the bargain subleases you’d turn up in Columbus Circle simply aren’t on the table here. What you get instead is leverage. Cushman & Wakefield’s third-quarter numbers put vacancy in its East Side/UN submarket at 19.4%, above Midtown’s 17.0%, so the landlord needs the deal more than you do.

Office Space for Teams of 5 to 30 People

Many of our clients are teams of 5 to 30 people. The headlines around the U.N. are about big buildings: David Werner’s $270 million purchase of One Dag Hammarskjold Plaza in 2026, Tishman Speyer’s new 150-year ground lease on the Chrysler Building, and condo floors at 866 United Nations Plaza. But several office buildings on Second Avenue lease suites from under 1,000 square feet to about 7,000, and some have prebuilt space ready to move into.

Plan on about 150 to 250 square feet per person, depending on how many private offices you want. That works out to roughly 750 to 1,250 square feet for 5 people, 2,250 to 3,750 for 15, and 4,500 to 7,500 for 30. Our office space calculator will give you a closer number before you tour.

Small suites here have asked about $56 to $70 a foot. In October 2026, 801 Second Avenue was advertising suites of 950 to 6,000 square feet at $56 a foot, and the condo suites we listed at 866 United Nations Plaza asked $61 to $70. At $56 a foot, the 2,400-square-foot suite at 801 Second Avenue costs $11,200 a month before electricity, enough for about 10 to 16 people. For context, Cushman & Wakefield’s third-quarter average for its East Side/UN submarket was $72.71 a foot across all classes.

Ask about prebuilt suites. Landlords build them out ahead of time with offices, a conference room, and a kitchen, so you can sign and move in within weeks instead of waiting months for construction. One Dag Hammarskjold Plaza has marketed prebuilt suites of about 4,600 and 6,700 square feet. At the Chrysler Building, on the area’s western edge, Tishman Speyer plans to prebuild 75% of the empty and soon-to-be-empty space as ready-to-occupy suites.

Buildings to start with:

  • 801 Second Avenue (Crystal Building, at 43rd Street): a 22-story building from 1930 with full floors of about 8,850 square feet, and it has housed more than a dozen consulates and U.N. missions. In October 2026 it was advertising suites of 950, 2,400, and 6,000 square feet at $56 a foot.
  • 820 Second Avenue (Diplomat Center, between 43rd and 44th Streets): a 19-story office condominium from 1964 with floors of about 9,600 square feet, home to the missions of Croatia, Peru, and Barbados. Suites of about 2,400 to 2,800 square feet have been listed here.
  • 800 Second Avenue (between 42nd and 43rd Streets): an 18-story building from 1957 divided into 26 office condominiums, with medical-ready space and the Consulate General of Israel among its tenants. Units of about 1,400 to 3,400 square feet have been offered here.
  • 866 United Nations Plaza (between 48th and 49th Streets): the 38-story office condominium on the edge of the U.N. campus, with units from under 1,000 square feet. The 3,200- and 5,000-square-foot suites we listed here asked $61 to $70 a foot.
  • 885 Second Avenue (One Dag Hammarskjold Plaza, between 47th and 48th Streets): the 50-story tower David Werner bought in 2026 for $270 million, less than half the $600 million Rockpoint paid in 2019. CBRE has marketed prebuilt suites of about 4,600 and 6,700 square feet here, along with a 2,969-square-foot suite.

For two to five people, a private office in a coworking space can cost less than a lease of your own. Our coworking page covers the options nearby.

United Nations Sub-Areas

Sub-AreaProfileBest ForTier
First Avenue / UN Plaza frontage866 UN Plaza and the campus edge. River and Secretariat views, the premium Class A stock, and, unusually, sold as office condos.Missions, consulates, NGOs, prestige HQsClass A
Second Avenue800 and 820 Second Avenue and their neighbors. Class A and B workhorses with a heavy diplomatic and medical roster.Missions, medical, professional servicesClass A / B
Third Avenue / Grand Central edgeBigger Class A and B floor plates on the western boundary, sliding toward Grand Central pricing and transit.Larger tenants, professional services, valueClass A / B
Dag Hammarskjold Plaza / East 40s side streetsOlder, smaller Class B buildings full of missions and nonprofits, like 305 East 47th Street.Nonprofits, missions, small businessValue
Tudor City / 42nd Street edgeBoutique prewar buildings up on the bluff, with the smallest and cheapest floors in the submarket.Small business, back office, nonprofitsValue

Sub-area groupings, profiles, and tiers are Metro Manhattan internal research (June 2026). Turtle Bay, as commonly defined, runs from East 42nd Street to East 53rd Street between Third Avenue and the East River. The UN Headquarters campus occupies the First Avenue frontage from roughly 42nd to 48th Street.

Inside the United Nations Area

Turtle Bay isn’t one uniform market, and treating it like one is how tenants overpay. It’s really five distinct pockets, each with its own price and personality, and knowing which is which saves you a stack of wasted tours.

  • First Avenue and the UN Plaza frontage is the prestige block, anchored by 866 United Nations Plaza. It’s the only office tower right on the campus edge, and it carries the river views, the U.N. views, and the top rents to match.
  • Second Avenue is the workhorse spine, a mix of Class A and B buildings packed with missions, consulates, and a surprising density of medical tenants.
  • Third Avenue, along the western edge, is where the floor plates get bigger and the pricing starts drifting toward Grand Central territory as you move down toward 42nd.
  • The East 40s side streets and Dag Hammarskjold Plaza form the nonprofit belt, full of older Class B stock at honest value and not much polish.
  • Tudor City, perched up on its bluff, is the quiet boutique corner, home to the smallest and cheapest space in the submarket.

The distance from a First Avenue view floor to a walk-up on a Tudor City side street is enormous in dollars and tiny on a map. Same trains, same Chrysler Building framed in the window, wildly different rent. Which block you choose is most of the decision.

United Nations Office Market Overview

Turtle Bay has always run on a different logic than the rest of Midtown East, and that logic is the whole case for leasing here. The trains are excellent and the subway is an afterthought. The address is world-famous and the rent is a bargain. The tenants are diplomats and nonprofits rather than banks and law firms. Put it together and you get Class A for about $11 a foot less than Grand Central, on the calmest blocks in Midtown.

The broader market gives you a tailwind on top of that. Manhattan just had its busiest first nine months of leasing since 2000, and availability fell to 12.4% in the third quarter, the 10th straight quarter it tightened or held steady (Colliers, Q3 2026). Midtown Class A now asks $90.57 a foot, the highest since 2008 (Cushman & Wakefield, Q3 2026). Rents are firming and landlords are regaining their footing across most of the city. The UN area is the exception that works in your favor, because it doesn’t chase the headline deals, it absorbs the tenants who refuse to pay for them.

Four Forces to Monitor

  • The diplomatic tenant base keeps it stable, and illiquid. Missions, consulates, and nonprofits sign long and stay for decades, which is why the submarket had no recorded sublease inventory as of August 2025 (Metro Manhattan), and Cushman & Wakefield’s third-quarter count is only about 322,000 square feet, 1.6% of the space. That is a double-edged sword. You get calm, creditworthy neighbors and an address that carries weight with international clients, but you won’t find the discounts that the broader Midtown sublet market still offers, where sublease space asked $61.05 a foot on average in the third quarter against $85.53 overall (CBRE). The move here is a direct lease, and the leverage lives in the concessions.
  • High vacancy is your leverage. Cushman & Wakefield’s third-quarter numbers put vacancy in its East Side/UN submarket at 19.4%, above Midtown’s 17.0%, and among the Midtown submarkets east of Fifth Avenue only Murray Hill, at 20.6%, is softer. Our August 2025 study had the UN area at 22.2% and Murray Hill at 24.5%. Landlords in this stretch aren’t holding the line the way Park Avenue owners can, so you should expect longer free-rent periods, larger build-out allowances, and a landlord who actually picks up the phone.
  • The Chrysler Building has a new operator. The 1.2-million-square-foot Art Deco landmark at 405 Lexington sits at this submarket’s Grand Central gateway, and its recent history is a mess. Cooper Union, which owns the land beneath it, terminated RFR’s ground lease over $21 million in unpaid rent, and a court upheld the eviction in early 2025 (Bisnow, January 2025). Cooper Union then brought in Savills to find a new operator, and in October 2026 it signed a 150-year ground lease with Tishman Speyer, which plans to spend $235 million on upgrades and prebuild 75% of the empty and soon-to-be-empty space as ready-to-occupy suites (Commercial Observer and Tishman Speyer, October 7, 2026). There’s a full breakdown of the whole saga if you’re eyeing that corner.
  • You can buy your office here, not just rent it. 866 United Nations Plaza is an office condominium, a structure that barely exists anywhere else in Manhattan. Missions, consulates, and nonprofits buy their floors outright to lock in occupancy costs, and tax-exempt organizations can skip property taxes entirely when they own and occupy. In February 2025, Carlyle transferred 29 of those units to its lender, an AllianceBernstein affiliate, in a $60.8 million deal (Bisnow, February 2025), so pricing and availability in that building move on their own schedule.

How Much Does Office Space Near the U.N. Cost?

The rent is the whole reason you’re still reading, so start there. Cushman & Wakefield’s third-quarter numbers put Class A asking rents in its East Side/UN submarket at $73.96 a foot, about $11 below Grand Central’s $85.34 and about $17 below the Midtown average of $90.57. Our own study put this area lower still, at about $43 a foot for direct Class A space (August 2025, Metro Manhattan). For an address on the United Nations’ doorstep, that’s a genuine bargain rather than a compromise.

That average hides a wide spread, because a single number covers very different space. The river-view floors at 866 U.N. Plaza, the one true trophy building in the area, have asked in the low $70s to mid $90s, while the tired older stock on Second and Third and the side streets pulls the average down, especially with so much of it sitting empty. Realistically, you’re looking at somewhere between forty dollars for a plain older floor and ninety-plus for a wall of East River (Metro Manhattan internal research, June 2026). Pin down how much space you actually need before a view you can’t afford does it for you, and the Office Space Calculator will get you there in about a minute.

Area Class A Profile Class B / C Coverage Availability Typical SF for New Leases Tier
First Avenue / UN Plaza frontage Prime Class A condo (866 UN Plaza), river and UN views Limited ~15 to 22% 2,500 to 95,000+ SF (condo blocks) Class A
Second Avenue Class A (800 Second Ave) Deep Class B inventory ~18 to 24% 2,000 to 40,000 SF Class A / B
Third Avenue / Grand Central edge Class A with larger floor plates Class B available ~15 to 20% 3,000 to 50,000+ SF Class A / B
Dag Hammarskjold / East 40s side streets Limited Class A Class B and C dominate ~20 to 25% 1,500 to 25,000 SF Value
Tudor City / 42nd Street edge Little to no Class A Class B and C, some loft ~20 to 25% 500 to 10,000 SF Value
Submarket average (context) $43.34 Class A direct n/a 22.2% Varies Value

United Nations / Turtle Bay Class A direct asking rent ($43.34/SF) and vacancy (22.2%) are from Metro Manhattan, Class A Office Rents in New York City by Neighborhood (as of August 1, 2025). Area-level profiles, Class B and C coverage descriptors, and availability ranges are Metro Manhattan internal research (June 2026); the major brokerages publish Midtown submarket figures but do not break out per-area United Nations numbers. For comparison, Cushman & Wakefield's third-quarter numbers put its East Side/UN submarket at $73.96/SF Class A and $72.71/SF overall, with 19.4% vacancy; Savills has East Side/UN at 14.0% availability and $75.90/SF; and CBRE has its East Side district at 17.2% availability and $70.86/SF (Q3 2026). Rents are asking rents and do not reflect concessions.

Class A and Prime Space

Class A in this submarket comes down to a single building, 866 United Nations Plaza. It’s thirty-eight stories and roughly 470,000 square feet, built in 1965 and gut-renovated in 2015, and it’s the only office tower east of First Avenue that isn’t the U.N. itself. The building earns its keep with a rooftop lounge, an on-site food hall, parking that feeds straight onto the FDR, and 360-degree views of the campus, the river, and the Chrysler crown. Because it’s a condo, a mission or nonprofit can own its floor rather than lease it. The view floors have asked in the $70s to $90s, and the tenant roster explains the premium: the consulates of Chile and Finland, Citibank, the U.S. State Department, and the permanent missions of Vietnam and the DRC.

Beyond 866, don’t expect to find new Class A, because there’s nowhere left to build it. The land is either the U.N.’s or already covered in prewar and postwar stock. If your business needs 27-foot ceilings and a $300 address, that’s a Grand Central or Park Avenue conversation, the kind of market where Sentinel signed at $345 a foot at One Vanderbilt and Castle Hook Partners just set a city record of $375 a foot at 625 Madison Avenue (JLL and Commercial Observer, October 2026). In the UN area, Class A means a well-run older building with a spectacular view and an international zip code. If the true trophy tier is what you’re after, the guide to how trophy buildings set themselves apart and the top Class A buildings in Midtown rundown will point you in the right direction.

Class B Space

Most deals in the UN area close in Class B, along Second and Third Avenue and the side streets between them. 800 Second Avenue is eighteen stories that outperform their class on the better floors, home to the Consulate General of Israel, Surgicare of Manhattan, and a stack of medical tenants. 820 Second Avenue, the Diplomat Center, leans fully into its name, housing the missions of Croatia, Peru, and Barbados alongside Northwell Health, the United Synagogue of Conservative Judaism, and Hallmark. A block west, the Third Avenue towers trade some of that character for bigger, more efficient floors and Grand Central access without the Grand Central price.

What you’ll pay in Class B depends almost entirely on the building and the block (Metro Manhattan internal research, June 2026). Two buildings on the same street can quote wildly different numbers on the same afternoon, depending on how much space they’re carrying and how they read your credit, so walk the floors and treat the “average” with suspicion. This is solid ground for law firms, financial firms, and especially medical practices, since the Second Avenue buildings have leased to doctors and diplomats side by side for forty years.

Class C and Value Space

The deepest discounts sit in Tudor City, on the East 40s side streets, and in the un-renovated boutique buildings around Dag Hammarskjold Plaza. 305 East 47th Street, also known as 3 Dag Hammarskjold Plaza, is the template: a Class B building leasing to the American University of Beirut, the Organization of African Unity, and the U.A.E. mission. This tier suits small missions, startups, nonprofits, arts groups, and back-office teams that want the U.N. address and the FDR on-ramp without the Class A invoice.

Two things are worth knowing before you sign at this level. First, your best deal won’t be a sublease, because there are essentially none (Metro Manhattan, August 2025; Cushman & Wakefield’s third-quarter count is about 1.6% of the space); it’ll be a direct lease in an older building with a landlord who has real space to fill. Second, nobody publishes a clean Class C figure for these blocks, so a single flat number quoted at you deserves a hard look (that tier read is Metro Manhattan internal research, June 2026). The guide to what makes a building Class A, B, or C is worth five minutes before you start comparing.

Where Tenants Leave Money on the Table

The most expensive mistake tenants make in this market is fighting the wrong battle. They’ll spend three weeks grinding a landlord down two dollars a foot on the asking rent, feel good about the win, and then wave through the two terms that actually move the numbers: free rent and the build-out allowance. That’s where the real money lives, and in the UN area, with vacancy at 19.4% against 17.0% for Midtown (Cushman & Wakefield, Q3 2026; over 22% in Metro Manhattan’s August 2025 study) and landlords who need to fill space, you have more room to push on both than in most of Midtown, particularly along Second Avenue and the side streets.

The ranges below reflect recent deals on a 5 or 10-year term (Metro Manhattan internal research, June 2026); shorter terms get less, longer terms get more. For a benchmark, CBRE’s third-quarter report puts the average Midtown package at 17 months free and about $151 a foot in build-out money, for direct new leases of raw space of 25,000 square feet or more on terms of at least 10 years. At $74 a foot, close to the area’s Class A average, each free month on a 5,000-square-foot office is worth about $31,000. If you’re weighing how long to commit, the rundown on 3-year, 5-year, or 10-year lease terms lays out the tradeoffs.

Tier Free Rent Tenant Improvement Allowance Notes
Prime Class A (866 UN Plaza, view floors) 8 to 12 months free $80 to $120 per foot in TI Concessions are tightest here, because there’s only one building at this level and the owners know it.
Standard Class A (800 Second Avenue, Third Avenue) 12 to 16 months free $70 to $110 per foot This tier gets you a real Midtown East address with real room to negotiate.
Class B (Second Avenue, Dag Hammarskjold, side streets) 14 to 20 months free $50 to $85 per foot High vacancy plus a 10-year commitment hands you serious leverage, and prebuilt suites are common.
Class C and value (Tudor City, older boutique stock) 12 to 18 months free $35 to $65 per foot Often as turnkey suites you can occupy within a month.

Concession ranges reflect recent deals on a 5 or 10-year term (Metro Manhattan internal research, June 2026); shorter terms get less, longer terms get more. Benchmark: CBRE's Q3 2026 report puts the average Midtown package at 17 months free and about $151/SF in build-out money, for direct new leases of raw space of 25,000 SF or more on terms of at least 10 years.

Two points before you sign. Once you stack the free rent and the build-out money, your effective rent, the figure that actually matters, drops well below the number on the door (the concessions breakdown runs that math). And a build-out allowance is only as good as what it actually builds, so understand who pays for the build-out before you sit down to negotiate.

Which Businesses Lease in the United Nations Area?

This neighborhood is organized around institutions rather than industries. The marquee space near the campus goes to missions and consulates, and the buildings around them fill with international nonprofits, foundations, and U.N. agencies. Everything else, professional services, medical, finance, and back office, gravitates to the older Second and Third Avenue stock for the Grand Central access and the low rent. In practice, the building tells you the tenant, so finding your row below narrows the search quickly.

Industry Best-Fit Areas Class Fit Example Buildings
Diplomatic Missions / Consulates First Avenue / UN Plaza, Second Avenue Class A / B 866 UN Plaza, 800 Second Ave, 820 Second Ave
International NGOs / Nonprofits / Foundations UN Plaza, Second Avenue, side streets Class A / B 866 UN Plaza, 777 UN Plaza (Church Center), 305 East 47th
UN Agencies / Programmes UN campus, First Avenue Institutional 1 and 2 UN Plaza (DC-1, DC-2), 3 UN Plaza (UNICEF), 807 UN Plaza (UNITAR)
Professional Services / Consulting Third Avenue, Grand Central edge Class A / B Third Avenue towers, 800 Second Ave
Law Firms (international and boutique) UN Plaza, Third Avenue Class A / B 866 UN Plaza, Third Avenue stock
Financial Services / International Banking UN Plaza, Second and Third Avenue Class A / B 866 UN Plaza (Citibank), 820 Second Ave (Bank of America nearby)
Healthcare / Medical Offices Second Avenue, side streets Class B / C 800 Second Ave (Surgicare, NY Medicine Doctors), 820 Second Ave (Northwell)
Startups / Small Business / Back Office Third Avenue, Tudor City, side streets Class B / C Tudor City-area stock, 305 East 47th, value side streets

Vertical landing pages: Financial Services, Law Firm Offices, Startup & Tech Space, Medical Offices, Retail/Stores, Sublet Space. Industry and class fits are Metro Manhattan internal research (June 2026).

If you’re running a small team or a nonprofit watching every dollar, this is one of the few prestigious addresses in Manhattan you can actually afford, thanks to low Class A rents and plenty of value space. To see how it compares with other neighborhoods, the 5 top neighborhoods for small businesses guide runs the comparison, and if you’re graduating from a coworking desk, scaling from coworking to your own office maps the jump. One honest caveat: if what you really want is exposed brick, timber, and a startup-loft feel, this isn’t the place. That’s a Midtown South conversation, so look at Chelsea or SoHo instead.

Top Office Buildings and Amenities in the United Nations Area

The UN area is quiet, and that quiet is a feature rather than a flaw. There’s no Grand Central food hall and no Columbus Circle mall. What the neighborhood offers instead is the river, the small waterfall at Greenacre Park, Tudor City Greens, and an address that registers with international clients. Amenities vary building to building, and the money here has gone into lobbies, elevators, and the floors themselves rather than flashy retail. Three tiers are worth knowing:

Prime Class A (866 United Nations Plaza): a rooftop terrace and lounge, an on-site food hall and cafe, renovated building systems, parking straight onto the FDR, and 360-degree views of the campus, the river, and the Chrysler Building. It’s the top of the submarket and the only building that competes on amenities.

Standard Class A and better Class B (800 Second Avenue, the Third Avenue towers): attended lobbies, modern elevators and HVAC, efficient floors, ground-floor retail and food, and a short walk to Grand Central. Increasingly, these come as built-out spec suites you can move into quickly.

Class B and value (820 Second Avenue, Dag Hammarskjold, Tudor City): prewar and postwar bones, good light, attended entrances, and rents that leave enough in the budget for the build-out you actually want. Quiet, institutional, and dependable.

Featured Buildings

  • 866 United Nations Plaza: the 38-story, roughly 470,000 SF Class A office condo on the campus edge, the only office tower east of First Avenue besides the Secretariat, with a rooftop lounge, a food hall, and river and U.N. views nothing can be built in front of. See the building profile.
  • 800 Second Avenue: an 18-story Class A building steps from the U.N. and Grand Central, home to the Consulate General of Israel and a deep medical roster. See the building profile.
  • 820 Second Avenue (Diplomat Center): a deeply diplomatic and institutional building housing the missions of Croatia, Peru, and Barbados alongside Northwell Health and the United Synagogue of Conservative Judaism. See the building profile.
  • 305 East 47th Street (3 Dag Hammarskjold Plaza): a Class B building on the nonprofit belt, leasing to the American University of Beirut, the Organization of African Unity, and the U.A.E. mission. See the building profile.
  • The Chrysler Building (405 Lexington Avenue): the 1.2M SF Art Deco landmark at the submarket’s Grand Central gateway, which Cooper Union ground-leased to Tishman Speyer for 150 years in October 2026, and still one of the most recognizable buildings on the planet. See the building profile.
  • 777 United Nations Plaza (Church Center for the UN): the longtime home for faith-based and international nonprofits, directly across the street from the campus.

Browse every Midtown building or filter active listings by size and price.

Major Office Landlords in the United Nations Area

Ownership in the UN area is unusually fragmented, and it pays to understand it before you tour. The trophy building, 866 UN Plaza, is a condo, so its floors belong to a scattered mix of missions, nonprofits, corporations, and investors rather than a single landlord, and an AllianceBernstein affiliate picked up 29 units from Carlyle in 2025 (Bisnow). The Chrysler Building sits on land owned by Cooper Union, which evicted RFR and signed a 150-year ground lease with Tishman Speyer in October 2026. And the Second and Third Avenue stock splits between institutional Midtown East owners and long-tenured private families. A good broker already knows which of them fund build-outs and which dig in, and the rundown on the biggest commercial real estate landlords in NYC fills in the background.

Landlord Notable UN-Area Properties Approx. Portfolio Typical Lease Profile
866 UN Plaza (office condo; AllianceBernstein affiliate holds 29 units, formerly Carlyle Group) 866 United Nations Plaza ~470K SF building, condo structure Owned or leased floors, missions / nonprofits / corporates
Cooper Union (ground owner) Land under the Chrysler Building (405 Lexington) 1.2M SF tower on leased land Ground lessor; 150-year ground lease to Tishman Speyer (October 2026)
SL Green Realty Third Avenue holdings near the Grand Central edge (e.g., 711 and 750 Third) Part of SL Green’s ~25M+ SF (NYC’s largest office landlord) Class A / B, 5,000+ SF
Cohen Brothers Realty 805 Third Avenue, 622 Third Avenue, 750 Lexington (Midtown East edge) Part of a large private Midtown portfolio Class A, 5,000+ SF
Fisher Brothers 605 Third Avenue (western edge) Part of a large Midtown portfolio Class A, 10,000+ SF, large floors
Missions, consulates, and nonprofits (owner-occupiers) Owned condo floors at 866 UN Plaza and small buildings across Turtle Bay Fragmented Owner-occupied, long horizon, tax-exempt where eligible

Portfolio figures are approximate. Several landlords listed (SL Green, Cohen Brothers, Fisher Brothers) hold much larger portfolios across Midtown, Midtown South, and Downtown. Building-level ownership on Second and Third Avenue is mixed and changes hands; confirm current ownership before an offer. The 866 UN Plaza condo transfer sources to Bisnow (February 2025) and the Chrysler Building ground lease to Commercial Observer and Tishman Speyer (October 7, 2026); all other entries are Metro Manhattan internal research (June 2026).

Transportation and Commuting to the United Nations Area

The honest summary is that this neighborhood has the best commuter rail in Midtown and the worst subway, which is the reverse of nearly every other submarket and rewards a specific kind of team. Grand Central is a short walk west, putting Metro-North to Westchester and Connecticut and, since Grand Central Madison opened in January 2023, the LIRR to Long Island within easy reach. For anyone commuting by train, almost nothing in the city beats it. The subway is another story, since the 4, 5, and 6 run along Lexington several blocks west and First and Second Avenue have no train at all, which leaves the deep-east blocks depending on the bus. The Commute Calculator settles the argument using everyone’s actual home address.

Grand Central Terminal (a short walk west)
Metro-North (Hudson, Harlem, New Haven), the LIRR via Grand Central Madison, and the 4, 5, 6, 7, and S (42nd Street Shuttle) trains. This is the submarket’s real transit advantage.
51st Street (6) and Lexington Avenue / 53rd Street (E, M)
The closest subway stops to the northern end of the area, a few blocks west.
First and Second Avenue buses
The M15 and M15 Select Bus Service run the length of the far east side and do the heavy lifting for offices with no train of their own.
Crosstown buses
The M42 on 42nd, the M50 on 49th and 50th, and the M101, M102, and M103 on Third and Lexington connect the area to the rest of Midtown.
FDR Drive and the bridges
On-ramps at 42nd and the upper 40s, with the Drive running right under the U.N. campus and the Queens-Midtown Tunnel and Ed Koch Queensboro Bridge close by. For a Midtown address, the car access is good.
From To the United Nations Area Mode
Grand Central / Midtown core 5 to 10 min Walk from Grand Central
Times Square / Midtown West 10 to 20 min S shuttle to Grand Central + walk
Upper East Side (86th St) 15 to 20 min 6 train or M15 bus
Long Island City, Queens 15 to 20 min 7 or E/M to Grand Central / Lexington + walk
Downtown Brooklyn 25 to 35 min 4 or 5 to Grand Central + walk
Hoboken / Jersey City 30 to 40 min PATH to 33rd + subway or bus
Newark, NJ 40 to 50 min NJ Transit to Penn + shuttle / subway
White Plains, NY (Westchester) 40 to 55 min Metro-North to Grand Central + walk
Hicksville, NY (Long Island) 45 to 60 min LIRR to Grand Central Madison + walk
Stamford, CT 55 to 70 min Metro-North to Grand Central + walk

Frequently Asked Questions About United Nations Office Space

  • How much does it cost to rent office space near the United Nations?

    Cushman & Wakefield’s third-quarter numbers put average asking rents in its East Side/UN submarket at $72.71/SF across all classes and $73.96/SF for Class A. That’s below Grand Central next door ($76.83/SF and $85.34/SF) and Midtown as a whole ($78.83/SF and $90.57/SF). Savills’ third-quarter figure for East Side/UN is $75.90/SF. Rents vary a lot by building, from roughly $40/SF for older Second and Third Avenue space up to the $70s and $90s for river-view floors at 866 United Nations Plaza (Metro Manhattan internal research, June 2026).

  • Why is the United Nations area cheaper than Grand Central?

    The tenants are diplomatic missions, consulates, and nonprofits who sign long and stay put, so demand is steady but slow. The buildings are older and quieter than the Grand Central trophy stock, and it’s a real walk to the Lexington subway, with no train at all on First or Second. Cushman & Wakefield’s third-quarter numbers put Class A asking rents at $73.96/SF in its East Side/UN submarket, about $11 less than Grand Central’s $85.34/SF.

  • Is there any sublease space near the United Nations?

    Not much. Cushman & Wakefield’s third-quarter numbers show about 322,000 square feet of vacant sublease space in its East Side/UN submarket, about 1.6% of the inventory, against about 2.5% for Midtown. Diplomatic and nonprofit tenants rarely give space back, so cheap subleases are scarce here. Your best value is usually a direct lease in an older building where the landlord has real vacancy to fill.

  • What is the current office vacancy rate near the United Nations?

    Cushman & Wakefield’s third-quarter numbers put vacancy in its East Side/UN submarket at 19.4%, above the Midtown average of 17.0% but below Murray Hill’s 20.6%. Savills, which tracks availability instead, had East Side/UN at 14.0% against 12.0% for Midtown. For a tenant, more empty space usually means more room to negotiate free rent and build-out allowances.

  • Can I buy office space near the United Nations instead of leasing?

    You can, and this is one of the few Manhattan submarkets where that’s common. 866 United Nations Plaza is an office condominium, so missions, consulates, and nonprofits buy their floors to lock in costs, and tax-exempt organizations can skip property taxes when they own and occupy. In 2025, an AllianceBernstein affiliate took over 29 of those units from Carlyle in a $60.8 million transfer (Bisnow, February 2025).

  • Which buildings are best for diplomatic missions and consulates?

    They cluster on First and Second Avenue near the campus. 866 United Nations Plaza is the prestige address, home to the consulates of Chile and Finland and the missions of Vietnam and the DRC. 800 Second Avenue (the Consulate General of Israel) and 820 Second Avenue, the Diplomat Center (Croatia, Peru, Barbados), round out the core (Metro Manhattan internal research, June 2026).

  • What is happening with the Chrysler Building?

    Tishman Speyer is taking over. In October 2026, Cooper Union, which owns the land under the 1.2M SF landmark at 405 Lexington, signed a 150-year ground lease with Tishman Speyer, which plans to spend $235 million on upgrades and prebuild 75% of the empty and soon-to-be-empty space as ready-to-occupy suites (Commercial Observer and Tishman Speyer, October 7, 2026). Cooper Union had evicted the previous leaseholder, RFR, over $21 million in unpaid ground rent, and a court upheld the eviction in early 2025 (Bisnow, January 2025).

  • What are the best United Nations options for small businesses, startups, and nonprofits?

    Look to Tudor City, the East 40s side streets, and the older Class B and value stock around Dag Hammarskjold Plaza, where a small tenant can secure a U.N. address without the Class A invoice (Metro Manhattan internal research, June 2026). Sublease space is scarce, about 1.6% of the East Side/UN inventory in Cushman & Wakefield’s third-quarter numbers, so the play is usually a direct lease in a building with vacancy to fill. Many of those floors come with free rent and build-out money.

  • How do I get to the United Nations area by public transportation?

    Grand Central is a short walk west, giving you Metro-North, the LIRR via Grand Central Madison (open since January 2023), and the 4, 5, 6, 7, and S trains. The 6 at 51st Street and the E and M at Lexington and 53rd are the closest local stops, and the M15 bus runs First and Second Avenue for the deep-east blocks. The result is excellent commuter rail, a walk to the subway, and easy FDR access by car.

  • Do I need a broker to find United Nations office space, and what does it cost?

    It helps more here than in most neighborhoods. A lot of the good space, especially owner-occupied condo floors and smaller mission buildings, never reaches the public listing sites, and a broker gets you in the door and tells you which landlords are actually dealing. The landlord pays the commission, so it costs a tenant effectively nothing. Before you tour, read the essentials to ask before leasing NYC office space, and get familiar with the Good Guy Guarantee that most NYC landlords ask smaller tenants to sign.