SUBLEASES GALORE

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

Re: Best Deals on Office Space in New York City

 

"If you have integrity, nothing else matters. If you don't have integrity, nothing else matters."                                                                                                
                                                                                       Alan Simpson
                                                                                       
                                                                                       

People are often reluctant to deal with brokers if they have had a bad experience. However, a good broker is an invaluable resource if your lease is coming due or you are looking to sublet your space. We will give you our best advice regardless of whether or not we will make a fee. That is why we have so many repeat clients over two decades. 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 

             
  18 East 41st Street  

 1,680

 

 Low $30's

 

Sublease from Law Firm of Steven I. Fried. Built with 2 windowed offices, windowed conference room, windowed open area. Lease term: through July 2014.

             
  60 East 42nd Street  

 1,500

 

 $52

 

Sublease from Montrey Media. Built with 3 windowed offices, 1 workstation, shared common areas; internet, furniture, phones, use of office equipment included in rent. Lease term: through September 2013.

             
  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.

             
  32 Avenue of the Americas  

 4,848

 

$45

 

Sublease from Gazes LLC. Penthouse with full floor identity. Built with 5 windowed offices, interior conference room, 6 workstations, reception. Lease term: through March 2015, with option to renew.

             

  581 Avenue of the Americas

 

5,300

 

$42

 

Sublease from Universal Music Corp. Built with 3 windowed and 4 interior offices, interior conference room, 9 workstations in an open area which includes reception, 2 private bathrooms. Lease term: through June 2013.

             

  1166 Avenue of the Americas 

 

39,075

 

 $48

 

Sublease from D.E. Shaw. Built with 32 windowed offices, 19 interior offices, 5 windowed and 1 interior conference room, 34 trading positions, open area for workstations, reception, pantry. Lease term: through January 2017.

             

  1370 Avenue of the Americas

 

7,244

 

$79

 

Sublease from Colonial Funds. Trading installation built with 5 windowed offices, 1 windowed and 1 interior conference room, 18 trading positions, gym, private bathroom with shower. Furniture and phones can be made available. Lease term: through October 2015.

             

  26 Broadway

 

45,159

 

$26

 

Sublease from Modern Language Association. High end installation in excellent condition, consisting of perimeter offices and open area. Furniture can be made available. Lease term: through July 2015.

             

  42 Broadway 

 

5,500

 

 Low $20's

 

Built with 8 windowed offices, windowed conference room, open area with 14 workstations, pantry, copy, storage. Furniture and phones can be made available. Lease term: through August 2014.

   

 

 

 

 

 

  51-55 Broadway 

 

 3,250

 

 Low to mid-$30's

 

Sublease from Cancer Research Institute. High end build out consisting of 4 windowed offices, windowed conference room, large open area, reception, pantry. Directly off elevator. Lease term: through August 2017.

   

 

 

 

 

 

  120 Broadway 

 

 5,822

 

 $29

 

Sublease from Nelson, Levin, deLuca & Horst. Built with 10 windowed offices, windowed conference room, open area, reception, pantry, copy/fax. Tenant controlled air conditioning. Lease term: through June 2017.

   

 

 

 

 

 

  132 Crosby Street 

 

 3,500

 

 $34

 

Sublease from OMGPOP. Full floor identity, built as an open plan loft with glass enclosed conference room and pantry. Fully furnished, tenant controlled central air conditioning. Lease term: through March 2015.

   

 

 

 

 

 

  350 Fifth Avenue 

 

 1,300

 

$35

 

Sublease from Empire Valuation Consultants. Built with 3 offices and reception. Great river views. Lease term: through June 2013.

             

  570 Lexington Avenue 

 

 8,140

 

$35

 

Sublease from Altegrity. Built with 12 windowed offices, windowed conference room, 12 cubicles, reception, pantry. Directly off elevator. Lease term: through June 2013.

             

  535 Madison Avenue 

 

 14,765

 

$68

 

Sublease from Charterhouse Group. High end built space with 15 windowed offices, 6 interior offices, 1 windowed and 1 interior conference room, open area for workstations or trading, 2 private executive bathrooms. Lease term: through December 2015.

             

  590 Madison Avenue 

 

 5,967

 

Mid-$70's

 

Sublease from Arkin Kaplan Rice. Built as a financial services installation with 5 windowed offices, windowed boardroom, open area, reception. Lease term: through June 2015.

             

  655 Third Avenue 

 

 5,719

 

Mid-$50's

 

Sublease from Brownstone Investment Group. High end build out consisting of 3 windowed offices, interior office, 2 windowed conference rooms, 18 trading positions, reception, pantry, gym with full bath. Lease term: September 2013.

             

  875 Third Avenue 

 

 10,383

 

$52

 

Sublease from Hogan Lovells. Built with 13 windowed offices, 8 interior offices, windowed conference room, open area, double door reception off elevator. Lease term: through January 2019.

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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