375 Park Avenue, 660 Madison Avenue, 667 Madison Avenue, 767 Fifth Avenue & 9 West 57th Street
Below are the top 5 hedge fund buildings based on infrastructure, location, floorplate size and cache .
1. 375 Park Avenue – 375 Park Avenue, also known as The Seagram Building, is one of the most prestigious addresses in the city. Designed by Ludwig Mies van der Rohe, the asset is a fusion of lavish building materials such as bronze, marble and travertine. The Plaza of Seagram is known for its fountains and always hosting owner, Aby Rosen’s, extraordinary collection of artwork. The cache of the building comes with a hefty price tag… Rents in the building are among some of the highest in the city.
2. 660 Madison Avenue – Located directly above Barneys, 660 Madison Avenue is a relatively low building, with only 13 stories. The building was recently acquired by the Safra Organization, who spent a tremendous amount of capital on renovations. The trophy office building offers great access to public transit, shopping, hotels and restaurants. Most importantly, the asset is a stones throw away from Central Park and offers incredible views.
3. 667 Madison Avenue – Located at 61st Street and Madison Avenue, this building is perhaps the best boutique building in the city, where small tenants can occupy an entire floor. The asset home to many prominent hedge funds and money managers. Additionally, ownership recently added a gym to the list of amenities and the building boasts views of the park.
4. 767 Fifth Avenue – Also known as the GM Building, this is the massive structure standing behind the busiest Apple store in the world. Towering at 50 stories, the building offers unobstructed and unparalleled views of Central Park. GM is home to some of the largest hedge funds and money managers in the world, including York Capital Management, Perry Capital and Tremblant.
5. 9 West 57th Street – Owned by Sheldon Solow and often called a commercial country club, 9 West 57th Street is the tower obstructing every other building’s view of Central Park. Solow’s asset is home to an impressive tenant roster- including Chanel, Och-Ziff Capital Management, Highbridge Capital Management, KKR and most recently, Chase Coleman’s Tiger Global. The building commands the most expensive rents in the city.
Here are a some other buildings that are among my top picks-