787 7th Ave, New York: Building Guide & Information

787 Seventh Avenue is a prominent skyscraper in Midtown Manhattan, New York City, offering prime office space. This guide provides a detailed overview of the building, its amenities, location, and key features for prospective tenants and those interested in commercial real estate.

Key Takeaways

• 787 Seventh Avenue is a Class A office building in Midtown Manhattan.
• The building offers modern amenities and prime office spaces.
• Its location provides excellent access to transportation and nearby attractions.
• Notable tenants include major financial and corporate firms.
• The building's architecture and sustainability features make it a standout in the area.

Introduction

Located in the heart of New York City's bustling Midtown, 787 Seventh Avenue stands as a testament to modern architecture and commercial excellence. This Class A office building offers tenants a premier business address with state-of-the-art facilities and convenient access to transportation, dining, and entertainment. This article delves into the details of 787 Seventh Avenue, covering its history, key features, and what makes it a desirable location for businesses.

What & Why

Context and History

787 Seventh Avenue was developed to provide high-quality office space in a prime location. Midtown Manhattan is a hub for major corporations and financial institutions, making it an ideal setting for a building of this caliber. The skyscraper was designed to meet the demands of modern businesses, offering advanced infrastructure and a prestigious address.

Benefits of 787 Seventh Avenue

• Prime Location: Situated on Seventh Avenue between 51st and 52nd Streets, the building is centrally located in Midtown Manhattan, providing easy access to major transportation hubs, including subway lines and bus routes.
• Modern Amenities: 787 Seventh Avenue boasts state-of-the-art amenities, including high-speed elevators, advanced security systems, and modern telecommunications infrastructure.
• Prestige and Image: Leasing space in a Class A office building like 787 Seventh Avenue can enhance a company's image and credibility. The building's impressive architecture and prime location convey a sense of professionalism and success.
• Access to Talent Pool: Midtown Manhattan is a magnet for skilled professionals, making it easier for companies in 787 Seventh Avenue to attract and retain top talent.
• Proximity to Services and Attractions: The building is surrounded by a wide array of restaurants, hotels, shops, and cultural attractions, providing convenience and entertainment options for tenants and their employees.

Potential Risks

• High Rental Costs: Prime office space in Midtown Manhattan comes at a premium. Rental rates in 787 Seventh Avenue are likely to be higher compared to other locations.
• Competition: The area is highly competitive, with numerous businesses vying for the same resources and opportunities.
• Traffic and Congestion: Midtown Manhattan is known for its heavy traffic and pedestrian congestion, which can sometimes impact commute times and accessibility.

How-To / Steps / Framework Application

How to Lease Space at 787 Seventh Avenue

1. Determine Your Needs: Before starting your search, assess your office space requirements. Consider factors such as the number of employees, desired layout, and any specific amenities needed.
2. Engage a Real Estate Broker: Working with a commercial real estate broker who specializes in Midtown Manhattan can be highly beneficial. They can provide insights into available spaces, negotiate lease terms, and guide you through the leasing process.
3. Research Available Spaces: Explore available office spaces within 787 Seventh Avenue. Review floor plans, square footage, and rental rates to identify options that align with your needs and budget.
4. Schedule a Tour: Arrange a tour of the building and specific office spaces you are interested in. This will allow you to assess the space firsthand and ask any questions.
5. Submit a Proposal: If you find a space that meets your requirements, work with your broker to submit a proposal to the building's management. The proposal should include details such as the desired lease term, rental rate, and any specific requests.
6. Negotiate the Lease: Be prepared to negotiate the terms of the lease. This may involve discussions about rental rates, lease length, build-out allowances, and other provisions.
7. Finalize the Lease Agreement: Once you have reached an agreement, review the lease document carefully with your legal counsel. Ensure that all terms and conditions are clearly understood before signing.

Examples & Use Cases

Financial Firms

787 Seventh Avenue is a popular choice for financial firms due to its proximity to major financial institutions and its prestigious address. Companies in the finance industry often benefit from being located in a building that reflects their stability and success.

Corporate Headquarters

Many corporations choose 787 Seventh Avenue for their headquarters. The building's modern amenities, prime location, and ample office space make it an ideal choice for large organizations looking to establish a strong presence in New York City.

Law Firms

Law firms also find 787 Seventh Avenue to be a desirable location. The building's proximity to courts and other legal institutions, as well as its professional environment, make it well-suited for law practices.

Best Practices & Common Mistakes

Best Practices

• Plan Ahead: Start your search for office space well in advance of your lease expiration date. This will give you ample time to explore options and negotiate terms.
• Conduct Due Diligence: Thoroughly research the building and its management before committing to a lease. Review tenant testimonials and financial reports, if available.
• Negotiate Terms: Don't be afraid to negotiate the terms of the lease. Work with your broker to secure the most favorable terms possible.
• Understand All Costs: Be sure to factor in all costs associated with leasing space, including rent, utilities, build-out expenses, and common area maintenance fees.

Common Mistakes

• Underestimating Space Needs: Ensure that you lease enough space to accommodate your current and future needs. It's better to overestimate than to underestimate.
• Ignoring Infrastructure: Pay close attention to the building's infrastructure, including its telecommunications, electrical, and HVAC systems. Ensure that they meet your requirements.
• Failing to Read the Fine Print: Always review the lease agreement carefully and understand all terms and conditions before signing. Seek legal advice if needed.

FAQs

1. What type of building is 787 Seventh Avenue?

787 Seventh Avenue is a Class A office building located in Midtown Manhattan. — Amazon FBA: Why Is My Inventory Stuck In Fulfillment Center?

2. What are the key amenities offered at 787 Seventh Avenue?

The building offers modern amenities, including high-speed elevators, advanced security systems, and state-of-the-art telecommunications infrastructure. — O'Neill, NE Weather Forecast Today

3. Where is 787 Seventh Avenue located?

The building is located on Seventh Avenue between 51st and 52nd Streets in Midtown Manhattan. — USA Time Zones: A Comprehensive Guide

4. Why is the location of 787 Seventh Avenue considered prime?

Its central location provides easy access to major transportation hubs, dining, entertainment, and other key business areas.

5. Who are some typical tenants of 787 Seventh Avenue?

Typical tenants include financial firms, corporate headquarters, and law firms.

6. What should I consider when leasing space in 787 Seventh Avenue?

Consider your space needs, budget, desired amenities, and lease terms. Engaging a real estate broker can be beneficial.

Conclusion with CTA

787 Seventh Avenue offers a premier business address in the heart of Midtown Manhattan. Its modern amenities, prime location, and prestigious image make it an attractive option for a variety of businesses. If you are considering leasing space in 787 Seventh Avenue, contact a commercial real estate broker today to explore available options and find the perfect space for your company.

Last updated: October 26, 2023, 16:30 UTC