A Fresh Take on CRE

Property Spotlight - 25 West 39th Street - Apparition Films Sublet

Today's property spotlight focuses on a fantastic high-end sublet, the 10th floor at 25 West 39th Street. Before, I delve into the details of the space, let me tell you a little about the building.

25 West 39th was built in 1907 as the Engineering Societies Building. The building was commissioned by Andrew Carnegie who donated $1.5 million to build it. The Limestone and brick building held club rooms for three major engineering disciplines, mechanical, electrical and mining. It also held a 1,000 seat auditorium and a double height library on the 12th & 13th floors.

The building has since been meticulously restored, and is now home to Polo Ralph Lauren and Seven Jeans, among other tenants. It's in a location that can't be beat, steps to Bryant Park, and a short walk to Grand Central, Penn Station, and Times Square.

Thor Equities (of Coney Island fame), now owns the building, and it serves as the company's headquarters. A few years ago, Thor built out the 10th and 11th floors for its own use. When it became clear that Thor no longer needed both floors, they put the floors on the market, and about a year ago, Apparition Films (a wholly owned subsidiary of the Pohlad Companies) leased the 10th floor from Thor Equities.

The 10th floor was designed by the top architectural firm - Gensler, and features the highest end furniture systems from Steelcase. It also includes fantastic architectural details dating back to the building's construction, like terra-cotta barrel vaulted ceilings, large beautiful windows, and very cool columns.

We are offering the space, with all of the furniture and equipment in place, and it is truly "plug and play."

You can learn more below, or give me a call to discuss!

25w39thStAlthough all information furnished regarding property for sale, lease or financing is from sources deemed reliable, such information has not been verified. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice. No representations are made, nor are any implied, as to the condition or construction of the property to be leased or purchased, including any patent or latent conditions or any hazards contained therein.

A commission in accordance with the rates and terms agreed to by our principal and available upon request, will be paid, when received by us from our principal, to the procuring broker who consummates a sale or lease which has been executed by both the Seller/Landlord and Buyer/Tenant and duly consented to by the Owner in the event of sublease or assignment. This writing does not constitute and shall not be construed as an employment until our Brokerage Agreement is executed, and commission shall not be deemed to be due and payable unless and until a sale or lease is fully consummated.

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