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,, 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.


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