433 FIFTH AVENUE, NEW YORK, NY

Key features

• Beautiful Architecture Elegant turn-of-the-century design is perfectly suited to trend-setting experiential retailers and innovative boutique firms.
• National Anchor Long term three floor lease with a rapidly growing national brand with a full guarantee from the corporate parent.
• Boutique Office Appeal Prestigious 3,500 sf full-floor boutique office suites with broad industry appeal.
• Loss Factor Upside The Propertys office space is currently under-measured, creating an opportunity to add more than 3,000 RSF significant revenue growth upon expiration while maintaining attractive per-square-foot rents.
• Mark-to-Market Upside Current office leases are approximately 35% below market, delivering outstanding upside as office leases expire in 2022 and 2025.
• Lease-up Opportunity The Propertys two available suites, encompassing the entire third and fourth floors, create an immediate opportunity to grow cash flow convenient and prestigious Fifth Avenue full-floor boutique office space that presents an outstanding value proposition.
• Fifth Avenue Prestige Fifth Avenue is the most famous urban boulevard in the world, known for its iconic tourist destinations and unmatched commercial activity exceptional visibility, convenience and prestige.
• Bryant Park The Property is located just one block from Bryant Park, delivering a host of popular amenities while adding to the exclusivity of the Fifth Avenue location.
• Commercial Core The Property is situated in the midst of the worlds greatest concentrations of major corporations, creating a strong demand base for business services from the tenants at 433 Fifth Avenue.
• Lord & Taylor / WeWork Headquarters The iconic Lord & Taylor building is located directly across Fifth Avenue from the Property recently purchased by WeWork for $850 million and now undergoing a $438 million office and retail renovation that will bring thousands of new young professionals into the neighborhood.
• Outstanding Transportation Access Five minute walk to Grand Central, with 16 subway lines within easy walking distance exceptional convenience for both Property tenants and their clients.
• Excess Development Rights As built the property possesses approximately 30,000 square feet of unused development rights that could be sold or utilized in a redevelopment of the property or a larger assemblage.