A console assembly for use in a passenger seating area of a vehicle includes a console housing having a storage area defined therein. An armrest is pivotally connected to the console housing and is movable between a first position extending at least partially over a top surface of the console housing and at least one second position. The armrest includes a closeout section, a receiving portion operatively connected to the closeout section and a console lid slidably connected to the receiving portion. A console accessory tray is adjustably positioned adjacent the console housing between a stored position and a deployed position extending rearward of the console housing. The console accessory tray includes a display surface accessible to occupants in a rear portion of the passenger seating area.