Full Floor Sublease with Massive Terrace in Virtually Brand-New Construction (640 Fifth Avenue) – 12,875 RSF

October 26, 2022

Lance Leighton

Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson

Call 516-557-1160

Furnished and Plug & Play Luxury Office Space in Midtown Manhattan’s 640 Fifth Avenue

Believe it or not, the average age of most New York City office buildings is nearly sixty-five years old.  As a result, finding full-floor opportunities in modern construction can often be a daunting task for tenants.  With the “flight to quality” phenomenon occurring since the pandemic began, most new office towers have seen a booming amount of momentum due to occupiers seeking modernized infrastructure and perks- specifically more efficient floorplates, larger windows and higher ceilings.  That being said, in 2005, Vornado completed a creative redevelopment of 640 Fifth Avenue, a boutique wedding-cake-style building across from Rockefeller Center on Fifth Avenue and 51st Street (it was also originally a Vanderbilt mansion- click here to read more about that).

To fully capture the value of the existing building’s air rights (the original office building’s structure was built in 1948), a 35,000-square-foot glass “jewel box” tower designed by Kohn Pedersen Fox Associates was added to the brick-and-mortar tower, maximizing views of Rockefeller Center’s Channel Gardens and St. Patrick’s Cathedral. The development comprises floor-to-ceiling glass walls and column-free space on tower floors, plus a sleek, modern lobby that features an Amses Cosma glass wall sculpture- which makes it comparable to anything that is virtually brand-new construction.

Executive Corner Office with Direct Access to Outdoor Space

Executive Corner Office with Direct Access to Outdoor Space

Though the building’s tower is relatively well-leased on a direct basis (there is only one floor available), there is a unique sublease opportunity that just hit the market on undoubtedly the best floor.  Offered for sublease from powerhouse investment bank, Houlihan Lokey, the entire 10th floor is the first floor of the modernized portion of the tower rising from the brick.  As a result, the floor features a massive usable terrace with views overlooking Rockefeller Center and St. Patrick’s Cathedral.  Measuring 12,875 rentable square feet, the floor was recently built to a very high standard with thirteen (13) windowed offices (two executive corners), two (2) interior offices, two (2) conference rooms, three (3) breakout rooms and open area for 34 people (click here for a floorplan).  Furniture can remain in place for an incoming subtenant and possession is April/May 2023.  With its proximity to Grand Central and prime location, this space is perfect for any hedge fund, investment bank, family office, private equity firm or boutique financial services user.

Massive Useable Wrap Around Terrace

Modern Open Trading Area / Bullpen for 34 People

Click here to contact us for more information on this opportunity or here to try our free office space search.



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