Perhaps The Best Hedge Fund Building in the City – 375 Park Avenue – The Seagram Building
375 Park Avenue is undoubtedly one of the most coveted addresses in New York City. Most people associate the trophy office tower (designed by Mies Van der Rohe) with prestige, luxury and success. Accordingly, it is also one of the most expensive places to lease office space in Manhattan. With deals often starting at a base rent of $140+ psf, only certain companies can afford to occupy space at these rates. However, opportunistic firms can take advantage of substantially discounted rents, by subleasing from an existing tenant in the building. Although small subleases are somewhat rare, there is an excellent trading opportunity that recently became available.
The space is being offered by an international investment bank and is currently built with 3 offices, conference room, pantry, reception and a large open trading area. The unit is completely furnished and phones can be made available as well. Additionally, the space is located directly off of the elevator.
Floor: Partial 25th Sublessor: An international and financially stable investment bank Asking Rent: Approximately $105 psf Term: Through July 30, 2016 Occupancy: Immediate Furnished: Yes Phones: Yes
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