Furnished, Plug & Play Hedge Fund Sublease – Luxury Office Space Near Central Park
The LeFrak Organization is one of the most prominent family-owned real estate organizations in the world. One of their most prestigious office towers, 40 West 57th Street, is located in Plaza District of New York City. Home to a multitude of financial services firms, including Elliott Management, Highbridge Capital Management and Tocqueville Asset Management, this asset is known for its impressive views of Central Park, housing the famed eatery, Nobu, and its iconic address “40 West 57th Street”. The building has experienced some activity changes recently, as PJT Partners left for 280 Park Avenue and The Witkoff Group took roughly 21,000 square feet on the 16th floor. The remaining unit on Witkoff’s floor was leased by Maple Point, a family office, who just put their space on the market for sublease this week.
Measuring 4,250 rentable square feet, the partial 16th floor was recently pre-built with 5 glass-fronted offices, a conference room, wet pantry, and small administrative area (click here to see a floor plan). With somewhat of a creative buildout, featuring exposed ceilings and glass fronts, this unique use of finishes is rarely seen north of 34th Street. This plug and play sublease is furnished and available for possession immediately. The short term extends through July of 2019, offering flexibility for an incoming subtenant. This unit is perfect for a start-up hedge fund, family office, private equity firm, investment bank or professional services company searching for trophy office space in New York City.