New Plug & Play Office Space Sublease – 10,427 RSF Each

April 9, 2018

Scott Ansel

Market Expert

Associate, Savills Studley

New York State Licensed Real Estate Salesperson

Call 212-326-8607

Tech Office Space Sublease at 470 Park Avenue South

Located between 31st and 32nd Streets on the West side of the street lies 470 Park Avenue South. The asset was purchased from SL Green for $157 million in 2007 by TIAA and Norges Bank Investment Management. With a newly renovated lobby and updated elevator cabs, the building caters extremely well to a multitude of tenants including CreditSights, Priceline.com, Raff & Becker. The elevators split the building into “North” and “South” buildings, which is uncommon in Manhattan. Ideally situated in the heart of Murray Hill near public transportation, restaurants, bars and nightlife, this area is perfect for a new plug & play office space sublease. Just a few weeks ago, CreditSights put the entire 11th and 12th floors on the market.

Measuring 10,427 rentable square feet each, these floors are available in July for occupancy and can either be leased together or separately. The sublease term extends through July of 2022 and both floors are fully furnished, allowing for ultimate flexibility for an incoming subtenant. The 12th floor is currently built with 16 perimeter offices/breakout rooms, 19 workstations (which can be condensed), 1 twelve-person conference room, a pantry, and a unique skylight. The 11th floor is constructed with 9 perimeter offices/breakout rooms, 32 open positions (which can be condensed), 1 twelve-person conference room, a pantry, and 11′ ceilings.

For more information about this sublease please contact us here. Feel free to try our free office space search here.

 

Recent Posts


Yelp Signs Lease at Terrell Place in Gallery

  • By Jon Glass | August  07,  2017

Company Plans for 500 New Hires, Will Move Into 52,000 SF Later This Year   Huge news to hit the wire this week. Yelp, the San Francisco-based tech giant specializing…

Wingate Hughes’ Former Space Available for Sublease at

  • By Jon Glass | February  28,  2018

3,000 SF Sublease with Term Through June 2020 Perfect for Tech/Start-Up Companies   A large portion of the spaces featured here on the Washington, DC page of TechOfficeSpaces.com have been designed by Wingate…

When to Begin The Lease Evaluation Process

  • By Jon Glass | August  17,  2016

I often tell people that real estate operates on a time dilation different than the real world. It lies somewhere between dog years and the years we experience after turning…