GFP Real Estate, LLC is pleased to announce three lease transactions totaling 11,037 square feet at 515 Madison Ave. in Manhattan’s Plaza District.
MTN Capital Partners, an independent private equity firm that focuses on companies at the lower end of the middle market, signed a two-year lease extension for its 3,956 square feet on the 37th floor. The company first moved into the building in 2012. Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate in the transaction; MTN Capital Partners represented itself.
Manhattan Sports Therapy (Madison Avenue Chiropractic P.C.) signed a new five-year lease for 3,125 square feet of space on the fourth floor. Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate; Allen Gurevich of GFP Real Estate represented the tenant.
Robert W. Berg, DMD, P.C., who offers a full scope of esthetic, reconstructive, and implant dentistry, signed a new 16-year lease for 3,956 square feet of space on the 39th floor. Martin McGrath of GFP Real Estate and William Grover of Newmark represented the landlord, GFP Real Estate; Jesse Rubens of JLP Realty represented the tenant.
Built in 1932 and known as the DuMont Building, 515 Madison is a 42-story, 370,000-square-foot class A building designed by John H. Carpenter. One of the building’s most distinctive features is a broadcasting antenna that traces back to the building’s role in the first television broadcasts of Allen B. DuMont’s experimental television station W2XWV in 1938. This building’s careful restoration of its renovated entrance and lobby in 2009 kept its beautiful architectural elements intact yet modernized for today’s tenants.
Located just south of Central Park, 515 Madison provides access to a multitude of dining options and well-known landmarks like the New York City Center for Performing Arts, Carnegie Hall and Rockefeller Center, which are all just a short walk away. The E and M trains are located in the building and the 6 train is only a block away, providing convenient transportation options.
About GFP Real Estate, LLC
Committed to building a better New York since 1952, GFP Real Estate is a vertically integrated owner, operator, property manager and developer of commercial real estate in the New York metropolitan area. With over 57 buildings and more than 13.8 million square feet under ownership, GFPRE’s portfolio includes some of New York’s most iconic real estate assets.
