Short-Term Value Sublease in Midtown East
Pearlmark Real Estate Partners’ 126 East 56th Street is perhaps one of the best boutique Class A buildings in the Plaza district. Just steps from Park Avenue, Tower 56 has recently undergone significant renovations to both the lobby and elevator cabs. In addition to these capital improvements, the building was also awarded LEED Silver Certification, which is a globally recognized symbol of sustainability. With floor plates ranging from 5,900 to 7,200 square feet, the asset caters extremely well to the financial services sector as most of these tenants do not require large office spaces oftentimes found in traditional commercial buildings. Your visitors won’t get lost on the floor trying to find your space, which is why we wanted to share a unique sublease opportunity from Westpark Capital that just hit the market on the 3rd floor.
Measuring 7,163 square feet, this sublease is available immediately for possession (a subtenant will have the option to sublease 3,044 square feet as well). The floor is currently built with 11 offices, 1 conference room, a bullpen for 17 employees, and a wet pantry. The workspace is furnished, wired and ready to go for an incoming subtenant. The term extends through June of 2021. An incoming subtenant would be able to enjoy a full floor presence while maintaining a small footprint. This unit presents a unique opportunity for a cost-conscious firm that wants to remain in the “hedge fund district”.