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NGKF named leasing agent for 130 Fifth Avenue

New York, NY - 2013-11-26

The Olnick Organization, owner of 130 Fifth Ave., has appointed the Newmark Grubb Knight Frank (NGKF) team of David Falk, Eric Cagner and Kyle Ciminelli to handle the leasing at its prized Fifth Avenue building. There is currently a total of 53,200 s/f available, comprising four newly white-boxed floors: the entire 13,300 s/f second floor and a rare block of three contiguous floors for a total of 39,900 s/f at the top of the building, which has an internal staircase in place.

130 Fifth Ave. sits in the heart of the Flatiron neighborhood on the northwest corner of 18th St. and Fifth Ave. The top floors of the 145,000 s/f building each feature high ceilings, oversized windows and an abundance of natural light on three sides. Similarly, the second floor has dramatically high ceilings with large oversized windows.

"We are very excited to be partnering with NGKF in leasing our Fifth Ave. trophy asset," said Seth Schochet, vice president of leasing with The Olnick Organization. "We are thrilled to bring these floors to market in conjunction with the highly anticipated renovation of the lobby, which will really provide a new face to this terrific property."

"The quality of ownership and the property itself, which exhibits unique attributes coupled with terrific floor plate efficiencies, will be a huge draw for high-end fashion, technology and media industry companies that are seeking a prestigious Fifth Ave. address," said Cagner.

"There has not been availability in 130 Fifth Ave. in close to a decade, so the majority of the brokerage and tenant communities are not familiar with the building," said Cagner. "When they see the floors, coupled with the building's new lobby, they will be quick to realize this is the premiere offering along the lower Fifth Ave. corridor today."

Work is set to commence on the lobby within the next 90 days.



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