1142 Park Ave$38.24 – $46.55/SF/yr NNN
Pioneer Pavilion
30,600 SF of Retail space available at 1287 E 42nd St, New York, NY 10010. For Lease through Cornerstone Brokerage.
For LeaseStatus
30,600 SFAvailable
$49.80/SFAsking rent
1944Year built
AClass
Property facts
| Property type | Retail |
|---|---|
| Building class | A |
| Rentable area | 136,800 SF |
| Available | 30,600 SF |
| Stories | 10 |
| Year built | 1944 |
| Renovated | 2017 |
| Typical floor | 13,680 SF |
| Lot size | 2.69 acres |
| Parking ratio | 2.9/1,000 SF |
| Occupancy | 77.6% |
| Zoning | B-4 |
| Parcel ID | 95-284-1972 |
| Submarket | Flatiron / Union Square |
| Market | New York City |
| Days on market | 795 |
| Walk Score | 36 |
| Transit | Highway access I-35 |
| Listing package | Gold |
Building amenities
Banking, Roof Terrace, Signage, Fitness Center, Food Service, LEED Gold, Security System
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 2nd | Retail | Direct | 1,180 – 3,070 | $48.69/SF | Negotiable | Vacant |
| P 2nd | Office | Direct | 4,710 | $48.08/SF | Negotiable | 30 Days |
| P 7th | Retail | Direct | 9,030 | $53.34/SF | Negotiable | Vacant |
| P LBBY | Retail | Sublet | 13,790 | $43.93/SF | Thru Dec 2028 | Oct 2026 |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Hudson Asset Management | Financial Services | 4 | 6,810 | 2024-06-01 |
| Ironclad Insurance | Legal | 3 | 16,110 | 2022-07-01 |
| Brightwater Law LLP | Energy | 3 | 22,890 | 2021-12-01 |
| Fulcrum Consulting | Retail | 6 | 8,690 | 2028-08-01 |
| Zephyr Aerospace | Professional Services | 9 | 20,780 | 2020-08-01 |
| Riverside Dental Partners | Retail | 5 | 23,620 | 2035-02-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2022-12-04 | $46.32M | $338.57 | 5.39% | Cascade Realty Trust | Hill Country Capital |
| 2020-01-20 | $34.97M | $255.64 | 6.88% | Oakridge Development | Juniper Real Estate |
| 2019-09-11 | $31.88M | $233.00 | 8.63% | Quarry Point Partners | Hudson Gate Partners |
Public record
| Owner of record | Bellhaven Properties LLC |
|---|---|
| Assessed value | $35.87M |
| Land value | $11.95M |
| Improvement value | $23.92M |
| Annual tax | $485K |
| Tax year | 2026 |
| Lot size | 117,176 SF |
| Last deed | 2022-11-11 |
| Deed type | Grant Deed |
| Legal description | LOT 16 BLK 468 FLATIRON / UNION SQUARE ADDN |
Location
1287 E 42nd St
New York, NY 10010
Flatiron / Union Square submarket · New York City market
40.73451, -73.99588
Open in RealStarListing package
Gold — Elevated placement above Silver.
Elevated placement, larger search card with a hero image, floor-plan uploads, syndication to partner marketplaces and weekly lead alerts.
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Explore this market
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Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.