The Real Deal New York

Ashkenazy moves to East 58th Street, gets bigger digs

December 07, 2011 06:50PM
By Guelda Voien

Ashkenazy Acquisition, who converted the Knickerbocker hotel building to commercial condo, as The Real Deal reported today, has moved.

The firm took about 13,000 square feet at 150 East 58th Street in the summer and moved in a few weeks ago.

“Our firm has grown significantly and so we outgrew our space downtown at 433 Fifth Avenue,” said Michael Alpert, president at Ashkenazy.

Their previous space was “dark and boys’ clubby,” one source said, whereas the new office is airy and has great views. The new space came furnished and with high-end finishes, according to Haley Klein of Cushman & Wakefield. She represented sublandlord Alinda Capital Partners in the transaction along with Alex Chudnoff, who has since defected to Jones Lang LaSalle.

An Ashkenazy spokesperson declined to comment on the rent at the 433 Fifth Avenue space.

Ashkenazy traded their digs at 433 Fifth Avenue at 38th Street for the 39th floor penthouse on 58th Street, where it is subletting from Alinda Capital Partners, said Haley Klein of Cushman & Wakefield, who represented Alinda in the transaction along with Alex Chudnoff, who has since defected to Jones Lang LaSalle. Michael Berger of Colliers International represented the tenant. Berger could not be reached for comment.

Also known as the Architects & Designers building, 150 East 58th Street is owned by Vornado Realty Trust.

The asking rent in the six-year deal was $72.50 per square foot, Klein said.

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