Kaufman Organization announced that Hope Street Capital, a real estate investment group dedicated to opportunistic investment and development throughout New York City has signed a 5,508 s/f lease at 56 West 22nd Street.
The company, which specializes in development, management, leasing and sales of luxury residential, office and retail assets will occupy the entire 10th floor of the 12-story property in the Flatiron District. The company is relocating from its current headquarters at 475 Park Avenue South.
“After undergoing a robust capital improvement program at 56 West 22, we have been able to meet the needs of forward-thinking companies like Hope Street Capital, who was attracted to the space due to its pre-existing build-out and the option to add an additional conference room,” said Grant Greenspan, Principal of Kaufman. “The property is also in one of the most sought-after and resilient neighborhoods in the city, in close proximity to the Flatiron Building, Madison Square Park and many fine dining and retail options.”
Greenspan and Will Landsberg of Kaufman Organization represented both the landlord, Kaufman Leasing Company and Hope Street Capital in this transaction. Asking rent was $65 per square-foot.
56 West 22nd is a 12-story building that was constructed in 1907 and renovated in 2020 after the Kaufman Organization acquired the building. The property includes a renovated lobby, two new passenger elevators, visitor management system with 24/7 access and turnkey, furnished options.