Office space deals February 2017 2017-07-13T11:43:47+00:00

BEST DEALS ON NYC OFFICE SPACE
FEBRUARY, 2017

February 2017
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Subleases Galore
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Newsletter of Wharton Property Advisors, Inc.
February 2017

Best Deals on Office Space in New York City
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"I like things to happen. And if they don't happen, I like to make them happen."

Winston Churchill
 

Do you need a change in the size, price or style of your office space? Wharton Property Advisors has the expertise to make that happen for you. Call us today for a free consultation. We are bulldogs for our clients and will never surrender until you have the office you want.

Always monitoring the market, we scour the available opportunities for bargain properties. If you need assistance dealing with thorny office leasing issues Wharton Property Advisors can help.

Is your lease coming due soon or have you outgrown your space? If so, then Wharton Property Advisors can help. We search NYC for the most advantageous office space situations and then help our clients negotiate favorable terms. Or, if you like your current space we can help renegotiate your lease. We always represent our clients with honesty, diligence and integrity.

Below is a sampling of the best deals now available.


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Plaza District Spaces
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777 Third Avenue
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3,445 to 7,661 RSF        $60/SF

Sublease from Retrophin.
Dividable to 3,445 RSF and 4,216 RSF spaces.
11 offices, open area, conference room, 2 internal conference rooms, pantry, and reception area.
Ideal for law firm or private equity.
Lease term through November 2018.

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126 East 56th Street
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3,044 RSF        $67/SF

Sublease from West Park Capital.
5 offices, open area, conference room, pantry and reception area.
Ideal for private equity or hedge fund.
Lease term through June 2021.
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40 West 57th Street
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4,250 RSF        $85/SF

Sublease from Maple Point LLC.
4 offices, open area, conference room, pantry, and reception area.
Ideal for broker dealer or hedge fund.
Lease term through July 2019.
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712 Fifth Avenue
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6,445 RSF        $125/SF

Sublease from Burma LLS.
5 offices, open area, conference room, pantry, and reception area.
Ideal for hedge fund or trading.
Lease term through January 2022.
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909 Third Avenue
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32,534 RSF        $55/SF

Sublease from Coty Cosmetics.
14 offices/break out rooms, open area with workstations for 120 people, 5 conference rooms, pantry, and reception area.
Great open/collaborative environment suitable for tech, marketing or advertising use.
Lease term through May 2020.
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599 Lexington Avenue
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8,618 RSF        $79/SF

Sublease from Cornerstone Research.
16 offices, open area with workstations, conference room, pantry, and reception area.
Perfect for law firm, private equity or family office.
Lease term through September 2020.

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640 Fifth Avenue
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7,405 RSF        $88/SF

Sublease from Owl Creek Asset Management.
8 offices, open area, 2 conference rooms, IT room,
 pantry, and reception area.
Perfect for private equity or hedge fund.
Lease term through April 2021.

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1325 Avenue of the Americas
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3,607 RSF        mid-$70's/SF

Sublease from Privet Capital.
6 offices, open area, conference room, pantry, and reception area.
Perfect for hedge fund or private equity.
Lease term through April 2021.

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Penn Plaza/Times Square Spaces
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555 Eighth Avenue
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1,350 RSF        $45/SF

Sublease from Hebrew Public.
Separate identity/entrance available. 2 windowed private offices, 2 interior private offices. Shared access to open kitchen area, reception area and conference room.
Turnkey, furniture available.
Perfect for non-profit or other office use.
Lease term: 1 to 3 years.

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729 Seventh Avenue
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Private offices and cubicles available

Sublease from a prestigious foundation.
Will sublet all or part of available space.
1 windowed private offices and 7 workstations.
Shared access to 20 seat conference room, 10 seat conference room, 6 seat conference room, kitchen and reception/services area.
Unique opportunity for a nonprofit, foundation, law firm or any office tenant.
Lease term: 1 to 7 years.
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350 Fifth Avenue
The Empire State Building
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6,887 RSF                     $50/SF


Sublease from Legacy Benefits Corporation.
suite has 2 corner offices, 8 windowed offices, 2 interior offices, 18 cubicles, conference room, kitchen/server room, and reception area.
Ideal for law firm, accounting or marketing.
Lease term through April 2021.

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28 West 44th Street
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4,110 RSF        low-$50's/SF

Sublease from Cosmopolitan Capital Funding.

5 offices, open area, conference room, pantry, and reception area.
Suitable for law firm or finance.
Lease term through October 2022.
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49 West 37th Street
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3,000 to 5,000 RSF        $37/SF

Sublease from Cantor Epstein & Mazzola.
Will divide space to accommodate your needs.
6 windowed offices, 5 interior offices, open areas with cubicles, shared conference room, shared pantry, and shared reception area.
Perfect space for law firm or accounting.
Lease term through September 2023.
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Midtown South Spaces
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531 West 25th Street
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2,000 or 3,500 RSF                        $56/SF


Sublease from MediaBend Capital Inc.
Beautiful turnkey sublet space in prime Chelsea District, next to the High Line.
2,000 RSF space is completely open, access to conference room.
3,500 RSF space has an open area and access to a conference room.

Shared reception area with glass entry doors into separate spaces, shared pantry and restrooms.
Ideal for New Media, Creative, Advertising or Fashion use.
Lease term: 3 to 5 years.
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245 West 17th Street
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11,592 RSF                        $85/SF


Sublease from Twitter.
Wide open seating for 80 +, 3conference rooms, pantry, and reception area.
Ideal for TAMI tenants.
Lease term through March 2025.
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490 Broadway
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5,765 RSF                        $68/SF


Sublease from Trollback & Co
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6 offices, open area, conference room, IT room, storage room, pantry, and reception area.
Suitable for tech firm or new media.
Lease term through August 2020.
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49-55 West 27th Street
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5,575 RSF                        $63/SF


Sublease from Nelson Nygaard Consulting.
4 offices, open area, 2 conference rooms, pantry, and reception area.
Suitable for tech or design firm.
Lease term through July 2021.
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Grand Central Area Spaces
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6 East 45th Street
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4,674 RSF        $32/SF

Sublease from Adeptus.
6 offices, open area, conference room, kitchen, private restrooms, and reception area.
Ideal for accounting, law firm or any office use.
Term through December 2018.
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122 East 42nd Street
The Chanin Building
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2,000 RSF        $72/SF

Sublease from Bell & Company.
4 office, open area, and 2 shared conference rooms.
Ideal for accounting or financial firm.
Term is negotiable, will do as short as 2 years.


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90 Park Avenue
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4,556 RSF        $70/SF

Sublease from EarthLink.
3 offices, open area, conference room, pantry, and reception area.
Suitable for broker dealer or marketing firm.
Term through July 2020.
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340 Madison Avenue
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10,872 RSF        mid-$50's/SF

Sublease from Undertone.
5 offices/break out rooms, open are for over 42 people, large open pantry, and reception area.
Ideal for creative use such as advertising, marketing or tech.
Term through October 2021.

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Downtown / Financial District Spaces
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1 Battery Park Plaza
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5,506 RSF        $48/SF

Sublease from Shipowners Claims Bureau Inc.
6 offices, open area, conference room, pantry, and reception area.
Perfect for financial firm or law firm.
Term: 5 to 7 years.

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120 Broadway
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3,757 RSF        mid-$40's/SF

Sublease from United Synagogue of Conservative Judaism.
5 offices, open area, conference room, and reception area.
Ideal for non-profit or marketing firm.
Term through November 2030, 2.5 to 5 year term possible.


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40 Wall Street
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4,730 RSF        $49/SF

Sublease from Mercury Media.
5 offices, open area, conference room, pantry, and reception area.
Perfect space for private equity, hedge fund or law firm.
Term through December 2021.


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5 Hanover Square
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4,375 RSF        high- $30's/SF

Sublease from Magna.
4 offices, open space, copy/printer room, pantry, and reception area.
Ideal for broker dealer.
Term through December 2018.


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111 John Street
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4,019 RSF        $34/SF

Sublease from Stantec.
3 offices, open space, conference room, pantry, and reception area.
Perfect space for a non-profit.
Term through October 2019.


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Contact Ruth Colp-Haber at
212.759.0408
ruth@whartonproperties.net
for more details about these spaces and other opportunities.

www.whartonproperties.net
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!

February 2017