437 Madison Avenue, which is owned by the William Kaufman Organization, is home to a number of large tenants including Munich Reinsurance, Wiggin and Dana, and a plethora of boutique financial services firms. The 40-story, 850,000 square foot office building, located between 49th and 50th Streets, recently underwent a $60 million capital improvement program. This included upgrades to the building lobby, new mechanical systems and a sky lounge on the 15th floor. The asset has done extremely well and currently sits at 98.3% leased on a direct basis. However, an extremely high end furnished sublease just hit the market on the 27th floor.
Measuring 4,575 rentable square feet, the sublease is from Fidessa. Available for occupancy immediately, the sublease term extends through January of 2025. The workspace was constructed with beautiful finishes and currently has a double glass door entryway, 3 conference rooms, 2 meeting rooms, a cafe style pantry, and open area with bench style seating for 35 employees. All of the furniture, phones and wiring will be included for an incoming subtenant’s use making this opportunity truly plug and play. The space is extremely efficient and only has 1 column on the interior of the premises.
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Savills Studley | 399 Park Avenue | 11th Floor | New York, NY10022