Brand New Hedge Fund Sublease at 900 Third Avenue – 18,245 RSF

February 21, 2019

Scott Ansel

Contributing Writer – HedgeFundSpaces.com
Associate, Savills Studley, Inc.
New York State Licensed Real Estate Salesperson

Call 212-326-8607

Furnished, Plug & Play Full-Floor Opportunity in the Plaza District

900 Third Avenue, owned by the Paramount Group, stands 36 stories tall and is one the best office buildings on Third Avenue. It is home to tenants such as Littler Mendelson, Carl Marks & Co., as well as a plethora of other notable law firms and boutique financial services firms. The Third Avenue corridor has a reputation for being one of the best values in Midtown Manhattan due to the high quality of its assets, yet cheaper asking rents that they command in comparison to other parts of the Grand Central and Plaza districts. Folger Hill, the asset management firm run by Sol Kumin, recently vacated the entire 23rd floor and is now offering the full floor plug and play opportunity for sublease, as they merge with Schonfeld Strategic Advisors. Check out a video of the space below.

The layout consists of 20 perimeter offices, 3 conference rooms, full pantry, lounge and open seating for 17 employees. Available for possession on an immediate basis, the sublease term extends through March of 2023. The workspace is fully furnished, shows extremely well and is ready for an incoming subtenant’s occupancy. Understanding that subleases typically trade at a discount, the former Folger Hill space presents excellent value for any private equity fund, financial services firm, or investment bank looking to relocate into high quality space for great relative value.

For more information on this sublease opportunity please click here.

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