Built Office Space on Fifth Avenue with Central Park Views

April 14, 2017

Lance Leighton

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

Call 212-326-8668

Outstanding Value in a Trophy Building

The Paramount Group is one of the best-in-class owner, operator and managers of Class A office properties. Founded in 1978, Paramount’s portfolio has some of the most sought after addresses in New York, Washington D.C. and San Francisco. Many of their assets consist of tenants across a multitude of industries including financial, legal, professional services, and media. One of their most notable buildings in the New York City office space market is 745 Fifth Avenue. Home to Bergdorf Goodman in the base, SHVO, and The Royce Funds, this is one of the most premier addresses one can have. With relatively small floor plates, the building caters extremely well to financial tenants. Most recently, the partial 14th floor hit the market on a direct basis.

Measuring 3,232 rentable square feet, this small unit would be perfect for a hedge fund, private equity shop, or financial services firm. The unit is currently built with two perimeter offices, a conference room, and an internal meeting room. However, the landlord is willing to modify and upgrade the existing installation to match the new building standard and an incoming tenant’s ideal layout. The unit features outstanding views of Central Park and is priced below $100 per square foot! Available for occupancy immediately, Paramount would consider anywhere from a 3-7 year term depending on the amount of work they do to the space.

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