Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
It doesn’t take a brain surgeon to recognize that the New York City office market has taken a significant battering since the onslaught of the pandemic. With remote and hybrid work articles dominating the news headlines, the one key takeaway is that mediocre office space is a thing of the past for employers (better known as “flight to quality“). However, one particular pocket of Manhattan real estate that has been SCORCHING HOT is new construction. As a matter of fact, this sector has seen unprecedented demand- which has led to stratospheric rents throughout the borough. One Vanderbilt, presumably the world’s most premier and iconic office building is no exception and has become the “it building” for just about every name brand financial firm. Accordingly, the best remaining tower floor is a must see for any tenant trying to make a statement to their employees, investors and competitors.
For those unfamiliar with the building, One Vanderbilt is a new trophy office tower located directly above Grand Central Station. Standing at 1,401 feet and towering 73 stories, it is the 4th tallest building on the island of Manhattan. When constructing the building, ownership focused on creating a Class A experience from each detail imaginable. Adorned with every amenity and feature one can think of (floor-to-ceiling windows, column-free floorplates, state-of-the-art infrastructure, LEED & WELL certifications, a 30,000 square foot tenant-only amenity floor (including a 5,000 SF outdoor terrace), upscale club-style lounge with gourmet grab-and-go curated by Daniel Boulud, executive travel showers, and a state of the art conferencing facility), there is a reason why this trophy asset has received unprecedented leasing velocity during these trying times. That being said, there is one unit remaining in particular that is the crown jewel and perfect for boutique users – the entire 72nd.
Measuring 10,790 square feet, the 72nd floor at One Vanderbilt has unparalleled 360 degree helicopter views that can take even the most discerning hedge fund PM’s breath away. Currently in raw condition, ownership will build-to-suit an incoming tenant’s needs or offer a cash contribution towards their initial buildout (click here for a sample layout). Most impressively, the floor features nearly 20′ ceilings, double-height windows, and NYC’s highest outdoor space for an office building. With all that being said, this unit is not for players with champagne tastes on a beer budget, as it is currently Manhattan’s most expensive office availability.
If you are interested in finding out more about this rare opportunity (i.e. pricing, etc.) click here.
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