Midtown, NYC Office Space Deals 2018-05-17T16:11:14+00:00

Best midtown, NYC office space deals
May, 2018

 
 
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Newsletter of Wharton Property Advisors, Inc.
May 2018

Best Deals on Office Space in Midtown, New York City
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“The Number 1 reason people fail in life is because they listen to their friends, family, and neighbors."

Napolean Hill
 
Below is a sampling of the best deals now available in Midtown NYC.
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810 Seventh Avenue (S/W/C West 53rd Street)
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5,970 RSF                low-$60's/SF

Sublease from The Raine Group.
7 offices, open area for 11 people, conference room, pantry, and a reception area.
Suitable for private equity or hedge fund.
Lease term through November 2021.



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400 Park Avenue (N/W/C East 54th Street)
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7,045 RSF                      $95/SF

Sublease from Creative World Management.
1 Executive corner office, 7 windowed offices, 1 interior office, open area with 6 workstations, 2 conference rooms, pantry, and a reception area. 2 useable terraces.
Suitable for a law firm.
Lease term through June 2026.



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11 Times Square (between 41st and 42nd Streets)
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10,231 RSF                     $59/SF

Sublease from Webcollage, Inc.
1 windowed executive office, 8 interior offices, open area with 44 workstations, 2 conference rooms, 4 phone booths, pantry, and a reception area.
Suitable for fintech or hedge fund.
Lease term through June 2025.

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60 East 42nd Street (between Park and Madison Avenues)
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5,224 RSF               mid-$60's/SF

Sublease from Breckenridge Pharmaceuticals.
8 offices, open area, 2 conference rooms, pantry, and a reception area.
Suitable for law firm or accounting.
Lease term through June 2027.



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135 West 50th Street (between Sixth and Seventh Avenues)
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11,521 RSF                        $50/SF

Sublease from BDO USA LLP.

21 windowed offices, 3 interior offices, 11 workstations, 3 conference rooms, pantry, and a reception area.
Suitable for law firm or accounting.
Lease term through September 2023.

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14 East 38th Street (between Madison and Fifth Avenues)
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4,682 RSF                        $40/SF

Sublease from BC Corporation.

1 large executive office/conference room, 1 windowed office, 1 interior office, open seating for 25, pantry, and a reception area.
Suitable for fintech or hedge fund.
Lease term through September 2021.

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900 Third Avenue (N/W/C East 54th Street)
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6,136 RSF                      $64/SF

Sublease from White Oak Capital.
10 offices, 8 workstations in open area, 2 conference rooms, pantry and a reception area.
Suitable for a law firm.
Lease term through March 2023.

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5 Bryant Park (N/W/C 40th Street)
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15,116 RSF                    $89/SF

Sublease from A&E Real Estate Management.
2 floors of 7,558 RSF each. Can be sublet separately.
30th floor consists of 4 offices, open area for 49 people, 2 conference rooms, pantry, and a reception area.
31st floor consists of 8 offices, open area for 38 people, conference room, pantry, and a reception area.
Suitable for fintech or hedge fund.
Lease term through April 2027.

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60 East 42nd Street (between Park and Madison Avenues)
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4,999 RSF                       $60/SF

Sublease from PetSmart.
7 offices, open area, conference room, meeting room, pantry, and a reception area.
Ideal for law offices, accounting or any office use.
Lease term through April 2022.

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444 Madison Avenue (between Park and Madison Avenues)
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10,799 RSF                       $75/SF

Sublease from Soroban Capital Partners LLC.
8 offices, open area with 27 trading positions, board room, 2 conference rooms, 8 breakout rooms, private gym with showers, pantry, and a reception area.
Ideal for broker dealer or hedge fund.
Lease term through September 2020.

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505 Fifth Avenue (N/E/C 42nd Street)
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15,624 RSF             mid-$50's/SF

Sublease from Avolon.
15 windowed offices, 7 internal offices, open area, boardroom, 2 conference rooms, 4 breakout rooms, pantry, and a reception area.
Ideal for sales or marketing.
Lease term through May 2021.

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90 Park Avenue (between 39th and 40th Streets)
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13,257 RSF                      $90/SF

Sublease from Foley & Lardner LLP.

4 extra-large corner offices/conference rooms, 5 partner size offices, 17 associate offices, 7 workstations, pantry, and a reception area.
Built law firm space.
Lease term: 3 to 5 years.
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777 Third Avenue (between 48th and 49th Streets)______________________________

13,558 RSF                       $74/SF

Sublease from Avon.
8 windowed offices, 6 internal office, open area, 2 conference rooms, pantry, and a reception area.
Perfect for consulting or law firm.
Lease term through June 2026.


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6 East 45th Street (between Madison and Fifth Avenues)
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2,000 to 4,674 RSF           $35/SF

Sublease from Adeptus.
Space is divisible, with separate entrances for divisions.
6 offices, open area, conference room, kitchen, private restrooms, and reception area.
Ideal for accounting, law firm or any office use.
Term through December 2019.
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Wharton Property Advisors, Inc. helps NYC office tenants find and dispose of office space. We provide the full range of commercial real estate services. Finding and negotiating great deals is our specialty. Moreover, we represent our clients with intelligence, honesty and diligence!

May 2018