Shared Office Space Opportunity on Park Avenue

May 11, 2016

Lance Leighton

Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson

Call 516-557-1160

Shared Space In The Heart of Midtown Manhattan – Near Grand Central – 230 Park Avenue

The Helmsley Building, formerly known as the New York General Building, is one of Manhattan’s most iconic landmarks. Measuring 35 stories, the building is located between 45th and 46th Streets and ideally situated above Grand Central Station. Erected smack in the middle of Park Avenue, the asset features unobstructed northern views and a historical significance that dates back to 1929. Over the years, the building’s ownership has changed a multitude of times and most recently, the building sold for $1.2 billion to RXR Realty– one of New York’s largest real estate owners, managers, and developers.

With asking rents typically trading at $75 per – $115 per RSF on a direct basis, there is a unique opportunity for a well-below market, shared space on the 4th floor.  The sublandlord is offering anywhere between 100 to 2,000 rentable square feet with use of the reception area, conference room and wet pantry (click here for floor plan of available space(s)). This plug and play sublease opportunity has a term of one year, possession can be  immediate and furniture/phone systems can be made available. Please click here for any additional questions or here to try our free office space search.

Recent Posts


Year in Review – The Largest Office Relocations

  • By Lance Leighton | January  05,  2018

BlackRock, Bank of America and Third Point had Midtown Manhattan's most notable new leases. There is no question that 2017 was a solid year for New York City commercial real…

Why 106 West 56th Street, also known as

  • By Lance Leighton | May  18,  2022

106 West 56th Street is perhaps the most appropriate luxury office building in Midtown for small hedge funds and boutique financial companies... Back in 2020, we posted an article featuring…

What does some of the cheapest office space

  • By Lance Leighton | January  03,  2013

Cheapest Office Space In Midtown - A Hidden Gem at SL Green's 48 East 43rd Street Typically, tenants associate subleases with cheap and affordable office space in NYC.  However, I…