Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
With demand and asking rents surging in New York City’s trophy properties (link to NY Post Triple Digit Square Foot Prices are on the Rise), it is atypical to find a “discounted” sublease. That said, there is an incredible opportunity on the partial 19th floor at 650 Madison. Offered for sublease from a credit worthy investment firm, the unit is currently built with four windowed offices, a conference room, pantry, reception and open area with fourteen workstations (or trading positions). The IT closet has supplemental HVAC in place and the extra-large executive corner office boasts incredible Central Park views. The flexible layout and mixture of offices and open area makes this unit perfect for any type of user, including a hedge fund, private equity firm, etc. (click here for the floorplan of existing conditions)… Looking for more information on 650 Madison Avenue or any other space? Click here for our free customized space search.
If this sublease is not of interest, you may also want to consider a direct lease for a portion of the 18th floor. The unit measures 10,221 square feet and is arguably the nicest “spec-built” space available on the market today. It boasts super high-end finishes, a flexible layout and views of Madison Avenue and Central Park.
If you have a desire for some of the best unobstructed views of Central Park, you might also want to take a look at the 26th floor (top office floor below Ralph Lauren’s studio), measuring 10,649 square feet. For more information on the direct availabilities at 650 Madison Avenue, click here.
For those who are not familiar, 650 Madison Avenue is undoubtedly one of the best buildings in New York City. Located in one of the most coveted areas of Manhattan, The Plaza District, the asset is Polo Ralph Lauren’s headquarters and a stone’s throw from Central Park and the world’s finest restaurants, hotels and shops. The office tower recently underwent extensive renovations to the lobby, elevator cabs and mechanical systems. Accordingly, the building has been able to achieve some of the highest rents in The City – well into the triple digits. Our team is intimately familiar with the asset as Evan Margolin (one of the founders of HedgeFundSpaces.com) completed the most recent transaction (click here for the article).
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