New to Market – Sublease at 51 Astor Place

June 22, 2017

Tech Office Spaces Author

Washington D.C. Team Market Expert | Assistant Director, Savills Studley | DC/MD/VA Licensed Real Estate Broker

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Furnished Plug and Play Sublease in East Village

51 Astor Place is perhaps the only proper office building in one of the most desirable neighborhoods in New York City. Developed by Edward Minskoff (think IBM Building) and designed by Fumihiko Maki, the project costed roughly $300 million. Notable tenants in the 270,000 square foot building are IBM Watson, 1stdibs, Daily Mail, and Claren Road. In addition, 51 Astor is home to venture firm Spark Capital on the 10th floor. Just a few days ago, Spark put their space on the market for sublease.

Measuring 7,069 rentable square feet, the partial 10th floor unit is available for occupancy immediately. The space is in absolutely pristine condition with great light and views just steps away from the subway. It was recently constructed with 5 windowed offices, 3 interior offices, 2 open offices, 4 conference rooms, a wet pantry, and open area (click here to see the floor plan). The layout is more office intensive than the norm for most tech, advertising, media, and information firms, however, it features exposed ceilings and concrete floors emitting the vibe of a TAMI office environment. With a relatively short sublease term through July of 2022, the fully furnished plug and play opportunity will not be on the market for long.

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