New to Market – Brand New Sublease at 510 Madison Avenue

February 17, 2017

Lance Leighton

Co-Founder – HedgeFundSpaces.com
Senior Managing Director, Savills
New York State Licensed Real Estate Salesperson

Call 212-326-8668

Extremely High-End Sublease in Trophy Building

Time and time again we hear tenants ask us for furnished, plug and play subleases from hedge funds, investment firms, or boutique financial services firms that built out beautiful space and ended up underperforming. Prosiris Capital Management’s main hedge fund’s assets plunged more than 70% in 2016, which has created an extremely rare sublease opportunity on the entire 20th floor at 510 Madison Avenue. The trophy asset is owned by one of New York’s most prominent landlords, Boston Properties, and was built only a few years ago. The building is owner managed, has an executive pool and fitness center, landscaped furnished terrace, and one of the most prestigious tenant rosters in Manhattan.

The entire 20th floor measures 11,500 square feet, which makes it a great option for a mature firm. The building is constructed with a virtually column free, side-core layout creating an extremely efficient installation. The floor is currently built out with 1 executive office, 5 perimeter offices, a board room, 2 conference rooms, 2 meeting rooms, and open area for 40 employees (click here to see the floor plan). This sublease can be made available immediately and has a term that extends through February of 2024. In addition, there is supplemental HVAC and the furniture can be made available for an incoming subtenant.  This is one of the best spaces in one of the best buildings in New York City, which leads me to believe it will not be on the market for long.

Please click here if you have any additional questions about the space or here to try our free office space search.

Recent Posts


What does some of the cheapest office space

  • By Lance Leighton | January  03,  2013

Cheapest Office Space In Midtown - A Hidden Gem at SL Green's 48 East 43rd Street Typically, tenants associate subleases with cheap and affordable office space in NYC.  However, I…

Virtual Tour of The Best Hedge Fund Sublease

  • By Lance Leighton | July  30,  2012

Virtual Tour of the Best Hedge Fund Sublease in The City Located at 601 Lexington Avenue, also known as Citigroup Center, this unit is fully furnished and plug and play.Click…

Trophy Penthouse Opportunity in the Plaza District –

  • By Lance Leighton | November  08,  2016

Tishman Speyer Developing an Incredible +/- 21,000 sf Penthouse at 520 Madison Avenue There are a number of exciting new commercial developments across Manhattan.  Downtown is seeing a resurrection from The…