1CO3800A0618 | Leasehold Estate | Landlord

THE PLAN

30 East 39th street

After a longtime tenant vacated the property last year, landlord Alrose Group set about repositioning and marketing the 1,660-square-foot, full-floor space on the fourth floor of 30 East 39th Street. The building, a townhouse located between Park and Madison Avenues, offers a boutique residential environment with full service from the landlord, who operates an office onsite. Though very few tenants leave the building, the previous user decided to move its business to Long Island after Hurricane Sandy hit last year. “They were forced to work at home until they could manage to get back to the city, and they realized they could work from Long Island,” said Jeff Nissani, a broker at JSN Properties who is marketing the space for the landlord. Mr. Nissani, who noted the low $48.50 asking rent and the landlord’s waiver on real estate taxes, spoke with The Commercial Observer about the layout of the space and the property’s unique features.
Already built-out and with furniture in place, the space is ready to move into, though the tenant can choose whether to keep the current furnishings in place. “It’s fully wired and ready to go,” Mr. Nissani said. “It’s in pristine condition.” The space features two offices and a conference area, though the tenant could potentially choose to convert the conference room to another office. The center of the space features an open plan with five workstations, which suited the space, according to Mr. Nissani. “It lays out better having the center open area,” he noted.

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There are windows on multiple sides of the floor, including facing out toward the street, though the space only gets “decent” light, Mr. Nissani said. “It’s not flooded with light,” he acknowledged. Almost unique among office space in the area, the building is already wired with high-speed Internet, with Time Warner service available to tenants. “Contrary to what you would think,” Mr. Nissani said, “from a tech standpoint, it is above and beyond what you would find in a lot of the office buildings in the area.” The office space is able to utilize two reception areas, both in the lobby of the building and in the entrance to the space. A partner of the landlord operates an office on the ground flood and both collects packages for tenants and buzzes in guests to the lobby’s waiting room. “They designed the area with very nice high-end chairs and a glass table,” Mr. Nissani said. “[The waiting room] also has oak flooring; it’s very similar to a high-end residential building.”

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38 | JUNE 18, 2013  | THE COMMERCIAL OBSERVER

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