One of these aforementioned buildings, 767 Fifth Avenue (also known as The GM Building), has time and time again shattered office rent records, making an occasional discounted sublease in the building highly coveted. Though it is atypical for these distressed opportunities to become available in this trophy Plaza District office tower, there is a unique opportunity that just hit the market for the partial 16th floor.
Measuring 5,482 rentable square feet, the partial 16th floor sublease features a double-glass door entrance directly off of the elevator lobby- maximizing visibility and presence for an incoming subtenant. Currently built with 5 offices (including an executive corner with southern views), a 16 seat boardroom, 2 interior breakout rooms/interior offices, a boardroom with seating for up to 16 people, pantry, and open trading area, the unit was recently constructed and furnished utilizing very high-end finishes (click here for a floorplan). Though the premises does not encompass the highly desirable Central Park View, the space does have southern exposures and receives a tremendous amount of natural light. With an asking rent of only $85.00 per rentable square foot, this unit will undoubtedly not last long, as it is a tremendous value for the building. Additionally, the term is relatively short, through March of 2020, making it perfect for any hedge fund, private equity firm, investment bank, family office or boutique financial services firm seeking a prominent office space in New York City with flexibility.
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…
Savills North America | 399 Park Avenue | 11th Floor | New York, NY10022