SUBLEASES GALORE

Newsletter of Wharton Property Advisors, Inc. - July, 2011

Re: Best Deals on Office Space in New York City

 

"And summer's lease hath all too short a date...."                                                                                                
                                                                                       William Shakespeare, Sonnets
                                                                                       
                                                                                       

We hope that all of our friends and clients are having an enjoyable summer. Indeed, Shakespearean scholars have suggested that even the Bard's mind was focused on real estate matters during the summer.

Is your lease coming due soon or have you outgrown your space? If so, then Wharton Property Advisors can assist in finding your midsummer night's real estate dream. We search New York City for the most advantageous office space situations and then help our clients negotiate favorable bargains. Or, if you like your current space we can help renegotiate your lease. We always represent our clients with honesty, diligence and creativity.

Below is a sampling of the best deals now available for sublease.

 

 Building  

 RSF 

 
 Rent
 

Comments 

             
  140 East 45th Street  

 4,768

 

 Low $30's

 

Sublease from Wall Street Analytics. Built with 8 windowed offices, interior conference room, open area for 10 workstations. Lease term: 2 years.

             
  19 West 44th Street  

 3,964

 

 $45

 

Sublease from Connectiva Systems. Above standard installation, built with 6 windowed offices, windowed conference room, open area for 5. Lease term: through February 2014.

             
  250 West 57th Street  

2,226

 

$32

 

Sublease from Law Office of Harry Kresky. Built with 4 windowed offices, windowed conference room, open area for 3 desks. Ideal for law or accounting. Lease term: through May 2014.

             
  641 Avenue of the Americas  

 10,995

 

$35

 

Sublease from Solbright, Inc. Above standard installation consisting of 6 windowed offices, 5 interior offices, interior conference room, open area, 14' ceilings. Lease term: through January 2016.

             

  1040-1048 Avenue of the Americas

 

6,000

 

$29

 

Sublease from Ardor Realty Corp. Under market rate, built with 13 windowed and interior offices. Lease term: 2 to 6 years.

             

  1370 Avenue of the Americas 

 

1,704

 

 Low $80's

 

Sublease from Mulino. Built as a showroom. Direct deal with landlord is possible. Lease term: through November 2013.

             

  100 Church Street

 

45,419

 

$37

 

Sublease from Niche Media. Built with 30 wood and glass walled interior offices, windowed conferences rooms, 127 workstations. Lease term: through April 2018.

             

  110 Fifth Avenue

 

16,282

 

$35

 

Sublease from Microsoft. Built with a mix of 16 windowed and interior offices, 4 conference rooms, 42 workstations, supplemental A/C. Furniture is available. Lease term: through February 2013.

             

  730 Fifth Avenue 

 

11,164

 

 Low $50's

 

Sublease from International Creative Management. Move-in condition installation, consisting of 14 windowed offices, interior conference room, 16 workstations, large interior storage area. Furniture can be made available. Lease term: through July 2019.

   

 

 

 

 

 

  1 New York Plaza 

 

 22,239

 

 $20

 

Sublease from Prudential Insurance. In move-in condition, built with over 30 windowed and interior offices, 3 conference rooms, over 25 workstations. Lease term: through December 2014.

   

 

 

 

 

 

  410 Park Avenue 

 

 3,500

 

 $65

 

Sublease from Edge Rock Realty Advisors. New installation consisting of 5 windowed offices, conference room, open area for 4 to 6. Wood and glass finishes throughout. Furniture and IT equipment can be made available. Lease term: March 14, 2016.

   

 

 

 

 

 

  450 Park Avenue 

 

 10,285

 

 $110

 

Sublease from Taberna. Built with 8 windowed offices, 3 windowed conference rooms, 16 trading positions, 4 workstations. Furniture can be made available. Lease term: through March 2016.

   

 

 

 

 

 

  330 Seventh Avenue 

 

 2,600

 

$33

 

Sublease from New Israel Fund. Recent installation, built with 5 windowed offices, interior conference room, open area. Great natural light. Lease term: through June 2015.

             

  450 Seventh Avenue 

 

 4,600

 

$37

 

Sublease from Edgar Online. Built with 3 windowed offices, 3 interior offices, interior conference room, open area with windows. Great natural light. Furniture can be made available. Tenant controlled HVAC. Lease term: through June 2014.

             

  733 Third Avenue 

 

 5,232

 

$39

 

Sublease from National Life Insurance. Built with 5 windowed offices, 4 interior offices, windowed conference room, open area for 8 workstations. Lease term: through March 2016.

             

  805 Third Avenue 

 

 5,241

 

$45

 

Sublease from Open Text. Built with 6 windowed offices, 2 windowed conference rooms, open area for 8 workstations. Furniture can be made available. Great light and views. Lease term: through October 2013.

             

  52 Vanderbilt Avenue 

 

 9,275

 

$35

 

Sublease from Folio Dynamix. Turn-key space in move-in condition, consisting of 10 windowed offices, windowed conference room, 30 workstations. Furniture and phones included. Lease term: through October 2014.

             

  33 Whitehall Street 

 

 16,889

 

$39

 

Sublease from Cowen. Contemporary raised floor trading and office installation, consisting of 8 windowed offices, 2 windowed conference rooms, 42 trading positions, 34 workstations. Lease term: through February 2017.

Contact Ruth Colp-Haber at (212) 759-0408 or contact us for more details about these spaces and other opportunities.

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!!

Contact an Agent at Wharton Property Advisors, Inc. to handle your office space lease or sublease.
Ruth Colp-Haber
Wharton Property Advisors, Inc.
New York City Office Space Specialists
909 Third Avenue - 5th floor, New York, NY 10022
Phone: (212) 759-0408

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