Short-Term Hedge Fund Sublease at the Chrysler Building

August 8, 2014

Lance Leighton

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

Call 516-557-1160

Furnished Office Space in Midtown Manhattan

Hedge funds and money managers often contact us in an effort to identify fully furnished, short-term subleases in Midtown Manhattan (click here to use our free and instant office space search).  Since the demand is very high for these types of office spaces, there are not many options available at any given time.  However, there is a rare, fully furnished, short-term, plug & play trading space available in the iconic Chrysler Building.

Offered for sublease from one of our clients, the partial 54th floor is ideal for a start-up or existing fund.  Located directly off of the elevator, the double door entrance leads to a corner unit that is currently built with 3 offices, a conference room, pantry, reception area and open trading for 10 positions.  The existing configuration is exactly what the majority of our clients’ require, and measuring only 3,154 rsf (click here for the floorplan) it is highly efficient. There is supplemental cooling in the IT closet and the term is through May 30th, 2016 (click here to contact us for pricing on this unit).  Also, the views from the space are absolutely INCREDIBLE.

Built in 1930, The Chrysler Building is one of the most recognizable buildings in New York City and the World.  With its art deco design, exceptional views, and ideal location, most tenants are attracted to Chrysler’s convenience factor (there is direct underground access to Grand Central), worldwide recognition and incredible exposures.  The building is known for its boutique pre-built program (where the landlord builds small office spaces on spec), which caters very well to hedge funds, private equity firms and other boutique financial services companies.  Accordingly, there is a plethora of these types of users within the asset.  Though it is one of the older Class A buildings in Midtown Manhattan, it is currently in the process of undergoing an extensive modernization project and renovations- including new windows, lobby enhancements, common area fixtures and LEED status.

 

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