Developed in 2009 by Boston Properties, 510 Madison Avenue is one of the newest buildings in the Plaza District, housing almost exclusively hedge funds and financial services firms including Point 72 and J. Goldman & Co. Situated on the southwest corner of Madison Avenue and 53rd street, the 30-story Class-A tower is a perfect location for commuters with less than a 2 minute walk from the E, M, Q, R, N, 4, 6 and F subway lines. The asset has one of Manhattan’s most premier tenant amenity centers including a full service gym, lap pool, private trainers, yoga and pilates classes, and a usable terrace for all of its occupants. The building is fully leased on a direct basis. However, a new furnished turnkey sublease opportunity just hit the market on the partial 8th floor.
Measuring 4,623 rentable square feet, this is a great chance for a hedge fund or boutique financial services firm to occupy space in one of Manhattan’s most sought after addresses. Offered for sublease from The Clinton Group, the workspace is available immediately for possession. Constructed with 4 windowed offices, 2 conference rooms, a pantry and open area for about 6 trading desks, it is sure to attract quality talent. As is the case for most new construction, the floor plates are column free allowing your firm to maximize efficiency in the space. The sublease term extends through January of 2022, allowing for flexibility and growth in the upcoming years.