Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
450 Lexington Avenue, a trophy office tower owned by RXR Realty, is perhaps one of the most coveted buildings near Grand Central. As one of the most modern skyscrapers near the transportation hub, the asset has a healthy occupancy rate of 99.3%. The major tenants include The US Post Office, Warburg Pincus, and Davis Polk & Wardwell. Though available spaces in the prestigious tower are few and far between, there is a rare opportunity on the 37th floor. (Looking for office space in New York City? Click here for a free customized report of available subleases and direct spaces.)
Measuring 6,275 rentable square feet, the partial 37th floor is built a very high standard with 8 offices, 2 conference rooms, pantry, reception and a large open trading area (click here for an as-built floorplan). Due to the vintage of the building, the space boasts floor-to-ceiling windows and no convectors (where heat comes from) blocking the windows. With the absence of the convector units, the space receives full-height exposures to the north, south and west. The asking rent is $120 per square foot and the landlord will modify the existing installation to suit an incoming tenant’s needs.
The space is perfect for a hedge fund, private equity firm, law firm, or any other high-end tenant looking to be within a couple of steps to Grand Central.
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