Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
Anyone familiar with New York City office addresses will know that 375 Park Avenue, also known as The Seagram Building, is one of the most iconic buildings along the storied Manhattan skyline. With a tenant roster that includes some of the most notable companies and individuals, there is a reason why this trophy office tower commands a premium to just about every other asset from the same vintage. With its celebrated architecture, grand entry plaza, tenant only amenity floor and private parking garage, the tenant experience and country-club lifestyle are the primary reasons why people choose to have their offices at Seagram. Though the asking rents are now well in excess of $175 per square foot on a direct basis, there is a unique sublease opportunity on the market that is perfect for any hedge fund or financial firm that is seeking a primarily open installation for trading or high-density seating.
Offered for sublease from a well known financial firm, the entire 32nd floor was designed to an extremely high standard several years ago utilizing rare stones, exotic woods, leathers, and other materials to stimulate the senses. Measuring 18,214 rentable square feet, the unit is currently built with a primarily open layout with multiple offices and conference rooms. If the space is too large for an existing subtenant (as-is), Arden has approved plans to divide the floor into two units measuring 12,679 and 5,535 respectively. This an excellent value for someone looking to have the “375 Park Avenue” address on their business card, without the sky-high price tag associated with it. Click here to contact us for more information or here to search for more office space in New York City.
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