Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
There is no doubt that 375 Park Avenue is among the most coveted office addresses in the world. Also known as The Seagram Building, this structure is a modern architectural marvel with many noteworthy tenants. Designed by Mies Van der Rohe, the building continues to receive international acclaim as one of the World’s most prestigious office towers. Owned by real estate investor, art collector and socialite Aby Rosen, it is not uncommon to find works from his personal collection on display in front of the building or in the lobby. Past exhibitions include one-of-a-kind masterpieces from Jeff Koons, Damien Hirst and Urs Fischer. High-end, boutique office tenants gravitate to the building for many reasons, including its architecture, tenant roster, cache and restaurants (Brasserie and The Four Seasons Restaurant – the top of the Power Lunch list). Additionally, the building’s private garage lends itself well to executives looking for discretion and privacy. Accordingly, it is no surprise that the tower commands some of the heftiest rents in the city, asking between $160 and $200 per foot, depending on the unit.
Due to the incredible demand for space at Seagram, it is atypical for full floor availabilities to hit the market. However, there are currently several unique opportunities. The entire 11th floor is perhaps the most exclusive space in the building. Measuring 15,667 useable square feet, the floor is currently in raw condition and ready for a tenant’s construction. Besides having floor-to-ceiling windows framed by bronze mullions, the unit has an ENORMOUS useable terrace. One of the top floors of the building, the entire 35th, is also available. Measuring 18,214 rentable square feet, this unit is also in raw condition, ready for a tenant’s buildout. Virtually column-free, these floors are highly efficient for almost any user, including hedge funds, private equity and law firms, trading firms, etc. The landlord will consider building to suit an incoming tenant’s needs on either floor.
Though these specific units are somewhat large for the typical hedge fund, the building also has several pre-built units ranging from 1,400- 7,000 square feet. Click here to contact us for pricing and availability updates.
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