Marketplace: New York Cares
November 2, 2011
By: Monica Paquette

New York Cares has signed an 11-year lease for 18,000 square feet, the entire 19th floor, at 65 Broadway, in the Financial District. The landlord is A.M. Property Holding II Corp. The nonprofit group will be leaving Chelsea, where it has been a tenant at 214 W. 29th St. since 2003. The downtown location will increase its office space by about 60 percent...

...65 Broadway was built in 1917. The 21-story, 350,000-square-foot downtown office building, once the headquarters for the American Express Company, is more than 90 percent occupied...

...The asking rate range is in the $30s, varying by floor location. The general asking rate in the midtown south area, the organization's former location, is about $45 per square foot, according to Studley Inc.'s October report...

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