Recently Built Hedge Fund Sublease Opportunity – 8,841 RSF

May 18, 2018

Scott Ansel

Contributing Writer –
Associate, Savills Studley, Inc.
New York State Licensed Real Estate Salesperson

Call 212-326-8607

Brand New Plug & Play Sublease in Midtown East

In late 2017, SL Green Realty Corp. struck a deal with W.R. Berkley to sell 600 Lexington Avenue for $305 million. The 36-story office tower at 52nd Street has a strong tenant roster comprised mostly of financial services tenants with a mixture of law firms. The asset is ideally situated steps from the 6-train and a block away from the E,M trains making the location accessible from all around Manhattan.

Finding a recently built hedge fund sublease in Midtown is a dynamic process that mostly revolves around timing. Look no further because MKP Capital Management has just put a highly efficient modern space on the market for sublease.

Measuring 8,841 rentable square feet, the floor is available for possession immediately. The floor was built out only a year ago to an extremely high standard with full height glass fronts and doors throughout. It was constructed with windowed conference rooms, internal breakout rooms, windowed offices, large and small pantry, new restrooms, and open area for 36 traders. The term of the sublease runs through August of 2022, allowing for ultimate flexibility. All of the brand new furniture and wiring can remain in place for an incoming subtenant’s use.

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