Save Time; 60 for 40; Goin' Down

A MASSIVE TIME SAVER 

Seconds Count

When you're looking at space you consider tons of things from type of building to ceiling heights to layout to price. One thing that is often overlooked are the elevators in the building. 

More important than you may think. Bad elevator service in a building not only packs you in like sardines and gets your day off to a bad start, but it can actually extend your commuting time! 

So... what should you be thinking about?

1. How many elevators are there in the building?

2. Is it express or a local? Nothing worse than working on the 15th floor and having to stop 6 times before you get to your offices in the morning

3. What's the tenancy of the building? If there is co-working or doctors offices that's going to put a lot of stress on the building's elevators because of the foot traffic

4. Does the building have destination dispatch? Imagine a time when you could take the elevator right to your floor from the lobby to your space and not stop in between. NOTE: That time exists right now!

Is your elevator slowing you and your team down? Let's talk. 

BEST DEALS BY THE FOOT

9,600 - 99 Park Avenue Grand Central location, Park Avenue address. Entire 23rd floor, 4 sides of light, with glass-fronted offices and conference rooms. It would be great for a law, accounting, or insurance firm as it has 2 conference rooms, 15 offices and open space for 20. A deal in the $50’s (not a typo). I’m shocked this is still available.

32,000 - 1290 Avenue of Americas Come on in and stay for a while. Nice long term sublease from HQ Capital on this full floor. Gorgeous high-end build-out. It’s clear they spent some money fitting out the space, there's a great mix of perimeter windowed offices and open space. Deal in the high $70’s – a discount to the building and hassle-free as it’s furnished and wired. 

6,800 - 88 Pine Street Come on in and stay for a while. Nice long term sublease from HQ Capital on this full floor. Gorgeous high-end build-out. It’s clear they spent some money fitting out the space, there's a great mix of perimeter windowed offices and open space. Deal in the high $70’s – a discount to the building and hassle-free as it’s furnished and wired. 

5,700 - 286 Madison If somebody needs a lot of open space and a very cheap deal to be in Midtown, look no further. It will be leased in the $40’s per square foot. There are 5 years left on the lease. It’s way below market PLUS you don’t have to move again any time soon.

8,300 - 10 East 53rd Street Central Park views from the boardroom. ‘Nuf said. Full floor high up in the building. 20% LESS than direct deals from the landlord. Impressive double-height ceiling marble lobby. A well-respected landlord, Blue Bottle for your afternoon caffeine, and Equinox to get in shape for next summer. After all its only 8 months till beach season. Check it out. 

RECENT SUCCESS STORIES

Kyowa Hakko USA

"I can't tell you how much I appreciated your help over the last few months. You provided invaluable assistance and insights as we analyzed the options for our firms future office needs. We feel fortunate to have had you represent us."

- Leo Cullen, President & CEO (Read more here)

IT'S A BEAUTIFUL DAY IN THE NEIGHBORHOOD

Midtown: EisnerAmper will be moving across the street from 750 Third Avenue and taking 125,000 square feet at 733 Third Avenue. Mass Mutual is taking 22,000 SF at 10 Grand Central as that building continues to fill up. Broadway saw some action with PDT renewing for 50,000 SF @ 1745 Broadway and down the block 1740 Broadway will be saying goodbye to Davis & Gilbert as they head a few blocks south to 1675 Broadway. 

On the sales block, 65 East 55th is up for sale from Blackstone for $800 million. And for those keeping score at home, the 4th building on Madison has now gone up for sale this year. Now it's 645 Madison owned by Friedland Properties.

Midtown South: Apple is on the hunt for 500,000 - 750,000 square feet.

Long Island City: The New York Times is relocating some of their employees to Court Square from their Eighth Avenue HQ.

FiDi: Law Firm Kelley Drye is moving to 3 World Trade Center from 101 Park Avenue for 100,000 square feet. 

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Gregg Cohen, Principal

Cresa

[email protected]

212.687.4329 direct

917.684.1764 mobile

212.758.3131 main

 1633 Broadway 22nd Floor

New York, NY 10019