Short-Term, Plug & Play Office Space Sublease on Fifth Avenue

February 10, 2017

Lance Leighton

Founder –
New York State Licensed Real Estate Salesperson

Call 516-557-1160

Furnished Office Space at 623 Fifth Avenue – Perfect for a hedge fund or trading firm.

Understanding the degree of uncertainty in today’s market coupled with the amount of funds not producing adequate returns, maintaining a flexible occupancy strategy has become paramount. Identifying appropriate office spaces that align with these firms’ goals is extremely difficult, which is why there is no shortage of demand for short-term plug and play sublease opportunities in Manhattan. Whenever these spaces hit the market, they are usually leased within days of becoming available (see 767 Fifth Avenue sublease from Reservoir Capital). Freedom Mortgage Corporation, a privately held full-service lender licensed across the United States, is offering a great unit at 623 Fifth Avenue for sublease. Owned by the Cohen Brothers Realty Corporation, it is a conveniently located near Grand Central and home to MTS Health Investors and Tristate Capital.

Measuring 3,613 rentable square feet this sublease is fully furnished, plug & play, and available immediately for an incoming subtenant’s occupancy. The unit is currently built with 3 offices, a conference room, and open area for about 14 employees. The layout is ideal for a start-up hedge fund, private equity firm, family office, or a boutique financial services firm. With a term that extends only through March of 2019, this is a great chance to occupy relatively new space on a short-term basis. With great light and views and limited capital expenditure, this sublease will likely move quickly.

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