Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
667 Madison Avenue is one of the best boutique office buildings in New York City. Similar to the The GM Building, 590 Madison Avenue, 510 Madison Avenue, 9 West 57th Street, 375 Park Avenue, 390 Park Avenue and 712 Fifth Avenue, the asset often achieves some of the highest base rents in The Plaza District. As a matter of fact, the building is one of the few in America to achieve office rents in excess of $200 psf, with the only other assets being namely The GM Building, 9 West 57th Street and 425 Park Avenue.
Owned and occupied by Leonard Stern’s company The Hartz Group, this trophy office tower has an elite tenant roster including Sciens Capital Management, Corvex Management, Crestview Partners, and the Koch Brothers- just to name a few. Many of the higher floors feature unrivaled Central Park views and the building recently installed a tenant-only gym and golf simulator as added amenities. Though the asset has historically been very well leased on a direct basis, the entire 4th and 5th floors just hit the market this week.
Measuring roughly 16,000 square feet each, these floors were recently built with an unparalleled level of finishes, including ample marble, glass, steel and sheetrock ceilings throughout. Additionally, the buildout features electronically controlled blinds to block out the incredible amounts of natural light that the floors receive. Unlike other office buildings in New York City,. these levels of “standard” finishes are rarely seen in any other office towers. Currently, the floors are built with an interconnecting staircase, however, it can be removed and each can be leased individually. The current layouts are configured with mixtures of perimeter and internal offices, conference rooms, and open areas (please click here to see the floor plans for the 4th and 5th floors) and ownership will consider reasonably modifying the layouts to suit an incoming tenant’s needs.
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