220 Fifth Avenue at Madison Square Park Office Rental Guide 2019

220 Fifth Avenue Office Rental Guide 2019

Photo Courtesy of Costar

220 Fifth Avenue is a distinguished NYC Landmark building located at the north west corner of 26th Street. Location, location, location! It is diagonally across the street from Madison Square Park which is considered by many to be the epicenter of NY’s media and technology industry.

Constructed in 1912, 220 Fifth Avenue is Gothic-styled and features a copper Mansard roof with gargoyles and eagle decorations. The building is positioned for well-heeled firms looking for an historic and elegant boutique environment. 

 

 

 

 

 

 

 

 

 

 

 

 

Building Facts as a Glance

• 167,000 SF Class A Office Building 

• Located at N/W/C of 26th Street

• 24/7 access and concierge attended lobby

• Architecturally restored lobby, new elevators and building systems

• 5 passenger and 1 freight elevator

• 12 foot ceiling heights; sprinklers

• Tenant-controlled AC and operable windows

 

• Cleaning is included in the rent

• Multiple ISPs providing fiber connections

• New York NY 10001

 

 

 

 

 

 

RENTING AN OFFICE AT 220 Fifth Avenue

All full floor offices provide unobstructed views of Madison Square Park. Many existing work spaces were recently constructed and feature high open ceilings, polished concrete or hardwood floors and exposed columns. On 10 year leases the Landlord will: (1) Build to Suit (custom build) your office; or (2) Provide a Cash Contribution and Rent Abatement for Tenant-managed construction.

Asking rents start at $85.00 per rentable square foot and may increase depending on the location and elevation of your office. 

9,078 RSF Raw Space
Landlord will Custom Build

 

9,078 RSF Test Fit

About Cogent Realty Advisors

You will save valuable time, energy and money by using Cogent Realty to negotiate your lease. Cogent Realty is an independent and licensed NO FEE Tenant Representation Broker with over 20 years of experience representing NYC businesses. Cogent maintains an extensive Building and Landlord database as well as current “closed deal” contract information. We will find you the right space at the right price. Phone: (212) 509-4049.

#220FifthAvenue

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420 Lexington Avenue Office Rental Guide 2019

420 Lexington Avenue Office Rental Guide 2019 

Lexington Avenue Entrance

420 Lexington Avenue, New York, NY  is an pragmatic choice for NYC businesses requiring these key features:

• Ultra- accessible location in Grand Central Terminal

• Fair and affordable pricing

• Large inventory of attractive pre-built offices in all sizes

• Class A quality building, amenities and technology

• Professional ownership and management

• High density of nearby restaurants, hotels and services.

Terminal Entrance

 

 

LOCATION

420 Lexington Avenue is part of Grand Central Terminal and has the 4, 5, 6, 7 and S subway lines; M101, M102, M103, M1, M2, M3, M4, Q32 and M42 buses; Metro North Railroad, and the NYC Airporter. The building provides NYC’s most convenient transportation connections to employees and clients.

 

Office Rental Pricing AT 420 lEXINGTON AVENUE

In 2017 the asking rents for pre-built office suites at 420 Lexington Avenue range from $62.00 to $67.00 per rentable square foot (PSF) depending on the location in the building. Offices on floors with better light and views are more expensive. Sample pricing follows.

	1,500 RSF Office	2,750 RSF Office	5,000 RSF Office
Mid Rise floors @ $62.00 PSF	$7,750 per month  $93,000 per year	$14,208 per month $170,500 per year	$25,833 per month $310,000 per year
Upper floors  @ $67.00 PSF	$8,375 per month $100,500 per year	$15,354 per month $184,250 per year	$27,916 per month $335,000 per year

Additional office overhead costs include electricity which is fixed at $3.50 PSF and annual rent and real estate tax increases.

 

Pre-built Offices READY FOR IMMEDIATE OCCUPANCY

Typical Floor with many windows.

420 Lexington Avenue offers Tenants high quality pre-built office space with efficient layouts. As a result of the building’s floor design you will find a large number of windows in each office suite. Most suites are equipped with stainless steel pantries and Tenant-controlled air conditioning. Floor plans for a small sample of available offices follows. Call with your requirement (212) 509-4049. 

1,533 RSF Pre-built

 

 

 

 

 

 

2,024 RSF Pre-built

 

3,022 RSF Pre-built

 

3,913 RSF Pre-built

 

7,507 RSF Pre-built

 

10,317 RSF Raw Space. The Landlord will Build to Suit. “Test Fit” Shown

 

420 Lexington Avenue – Your Corporate HQ 

Lobby

• Class A office building constructed in 1927 and continually modernized

•  aka The Graybar Building

• 1,513,673 RSF total building area with 50,042 RSF floors and 30 stories tall

• 24- hour, 7- day access, uniformed lobby concierge, CCTV security and turn-style access cards for Tenants

 

Visitor Center

• New Visitor Center for guest registration

• 32 passenger and two freight elevators

• 300 plus professional companies from diverse industries are located in the building

• Telecom providers include Verizon, Cogent, Lightpath, Broadview, Lightower and TimeWarner

• Owned and managed by SL Green, NYC’s largest commercial Landlord

• New York, NY 10170

The GRAND CENTRAL TERMINAL NEIGHBORHOOD

A directory of Grand Central Terminal (GCT) stores and restaurants is found HERE. GCT has many shopping, fine dining and drinking options including a casual lower concourse food court. For take-out a perennial favorite is the gourmet shops at Grand Central Market. Equinox Fitness Club is located in the lobby of 420 Lexington Avenue.  The Grand Hyatt Hotel sits on top of the terminal, and there are an additional nine hotels in close proximity. A link to 48 popular restaurants near GCT is found HERE.

ABOUT COGENT REALTY ADVISORS 

Cogent Realty Advisors is an independent and licensed NO FEE Realtor with over 20 years of experience representing businesses that lease NYC office space. Our goal is to help you find the right office at the right price. For information, phone Mitchell Waldman at (212) 509-4049

#420LexingtonAvenue

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Chrysler Building Office Rental Guide 2019

Chrysler Building Office Rental Guide 2019 

Chrysler Building (1930)
US National Historic Landmark

If you are planning on renting an office at the Chrysler Building important information follows. Completed in 1930, the Chrysler Building was NYC’s tallest at 1,046 feet (including its spire) for less than a year when it was surpassed by the Empire State Building. Constructed for the Chrysler Automotive Company, many of its design elements exemplify the machine age of the 1920s. It is considered to be a leading example of Art Deco architecture. 

 

 

 

Building Facts as a Glance:

• 1,292,002 SF Class A Office Building

• Located at 405 Lexington Avenue, N/E/C of 42nd Street

• Direct access to Grand Central Station

• 24/7 access and concierge attended lobby

• Central HVAC and operable windows

• Cleaning is included in the rent

• Multiple ISPs providing fiber connections

• LEED Certified Gold Existing Building (resource efficient)

• New York NY 10174

 

RENTING AN OFFICE AT THE CHRYSLER BUILDING

Many businesses renting an office at the Chrysler Building utilize the Landlord’s popular PRE-BUILT OFFICE PROGRAM. These move-in ready spaces have excellent light, panoramic views and a high window-to-floor area ratio. Efficient layouts include high acoustical ceilings, elegant finishes and a pantry equipped with modern appliances.

As an alternative the Landlord will: (1) Build to Suit (custom build) your office; or (2) Provide a Cash Contribution and Rent Abatement for Tenant-managed construction. A small selection of available spaces follows.

Asking rents at the Chrysler Building start at $70.00 per rentable square foot and increase depending on the location and elevation of your office.

 

2,487 RSF Pre-built

 

 

 

 

 

 

 

 

 

3,626 RSF Pre-built

 

 

 

 

 

 

 

 

 

4,623 RSF Pre-built

 

 

10,802 RSF Build to Suit

 

 

 

 

 

 

 

 

 

20,621 RSF Build to Suit

 

 

 

 

 

 

 

 

 

Short-Term Office Option

 

 

 

 

About Cogent Realty Advisors

You will save valuable time, energy and money by using Cogent Realty to negotiate your lease. Cogent Realty is an independent and licensed NO FEE Tenant Representation Broker with over 20 years of experience representing NYC businesses. Cogent maintains an extensive Building and Landlord database as well as current “closed deal” contract information. We will find you the right space at the right price. Phone: (212) 509-4049.

#ChryslerBuildingOffice2019

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New York City Office Space Calculator for Small- & Mid-Size Businesses

Office Space Calculator for Small- & Mid- Size Businesses 

The Office Space Calculator is a handy tool that can help you estimate the size of the office that your business requires. 

 

 

 

How to use the Calculator

(1) The New York City Office Space Calculator permits you to edit any of its “word” or “number” fields so that it can be customized for your business. 

(2) The field named “Circulation Area” refers to the travel corridors within a space. We suggest using the value of 20%.

(3) The field named “Core Factor” is interchangeable with the term “Loss Factor”. We suggest using the value of 28% when renting an entire floor and 32% on a multi-Tenanted floor. 

Office Floor Plans

When inspecting a PRE-BUILT office it is easy to determine whether the office is sufficient for your business operation. Many building owners will provide a dimensional or CAD plan that can help you plan both furniture and network installations.

In leases where a Landlord agrees to BUILD-TO-SUIT your office, it will usually have a space designer create a Preliminary Plan (also called a Test Fit) to demonstrate that the office is adequate for your current and future needs. The Final Plan is used for construction purposes and developed by an architect. It should be made part of the lease.

When a Tenant manages the construction of its own office (usually with cash provided by the Landlord), it is essential to retain an architect prior to signing the lease. In addition to creating a Test Fit and the Final Plan, the architect will investigate whether the building and space comply with New York City Building Codes. 

Link For 2019- 2020 Office Design Trends HERE.

ABOUT COGENT REALTY ADVISORS

Cogent Realty Advisors is an independent and licensed NO FEE Realtor with over 20 years of experience representing businesses that lease NYC office space. Our goal is to help you find the right office at the right price. For information, phone Mitchell Waldman at (212) 509-4049.

#OfficeSpaceCalculator

 

 

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1430 Broadway Office Rental Guide

1333 Broadway Office Rental Guide

7 Penn Plaza Office Rental Guide

7 Penn Plaza Office Rental Guide

7 Penn Plaza is a boutique office building strategically located at the south west corner of Seventh Avenue and 31st Street, directly across the street from Penn Station, NYC’s busiest transportation hub. It has a diverse Tenant mix including financial services firms, technology, law, real estate development, architecture and not-for-profits.  

7 Penn Plaza, aka 370 Seventh Avenue, is an excellent choice for small- to midsize- firms that are looking for fast access to Penn Station and a high quality building with professional management. 

 

 

Office Building & Design

7 Penn Plaza was built in 1921 and last renovated in 2012. Each floor has four exposures and a high window to floor area ratio. Both office intensive and open landscape designs are bright and efficient. Higher floors have excellent light and city views.  

Incoming Tenants can lease turn-key fully constructed office suites that are ready for immediate occupancy or raw spaces that the Landlord will build-to-suit. When an office is custom-built a 5- 10 year lease term is required.  Sample offices are shown below: 

3,452 RSF Pre-built Office

3,677 RSF Pre-built Office

6,305 RSF Raw Space Test-fit shown. Landlord will build to suit.

 

Office Pricing at 7 Penn Plaza 

For 2019 the quoted asking rent for all offices is $70.00 per rentable square foot (PSF). Offices on lower floors may be discounted. Cogent Realty has a track record negotiating lower rents and other leasing incentives like free rent for its clients. Call us for details, 212-509-4049.

Your Corporate HQ at 7 Penn Plaza

Class B office building. 

New lobby, elevators and mechanical systems.

  24-hour, 7- day access and uniformed lobby concierge.

  357,000 SF total building area. Concrete and steel construction. 18 stories tall and rising 242 feet.

8 passenger and two freight elevator.

11′ 6″ foot slab-to-slab ceiling heights. 

Efficient central heating and air conditioning. AC hours are Monday to Friday 8 am- 6 pm and Saturday 8 am – 1 pm. Tenant controlled AC units can be installed.

Telecom providers include Verizon and Time Warner.

Owner occupied and managed.

New York, NY 10001.

About Cogent Realty Advisors

Cogent Realty Advisors is an independent and licensed NO FEE Realtor with over 20 years of experience representing businesses that lease NYC office space. Our goal is to help you find the right office at the right price. For information, phone Mitchell Waldman at (212) 509-4049.

#7PennPlaza

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