The Signature Address on the New West Side
OPPORTUNITY HIGHLIGHTS
136,000 RSF Contiguous Block Suites up to 22,000 RSF
• Tax Incentives in an Opportunity Zone Location • Minutes from • Direct Access to On-site Parking;1 block from West Side Highway, minutes to Lincoln Tunnel • Hudson River Views and Southern Exposures • New Outdoor Plaza • M12 M57
• New Common Corridors and Restrooms
AT THE VERY CENTER OF THIS VIBRANT, FAST-GROWING NEIGHBORHOOD
Columbus Circle
Center Bar Porter House Ascent Lounge Whole Foods
Lincoln Center
Urban Truffles
Fogon
Masseria dei Vini
Morton Williams
Fordham University at Lincoln Center
Kraves Vegan Marty's
Friedman's West
Pepperino West Side
Le Soleil
The Greek Kitchen
The Watson Hotel
Bellini Restaurant at Harry's Table
The Jin
Kashkaval Gardens
CBS
Harry's Table by Cipriani
Gardenia Terrace
Mi Nidito Mamasita Bar & Grill
Empellon Taqueria
Il Melegrano Sesamo
Helena 57 West
La Baretto
Hopscotch Montessori
Via 57
Bright Horizons
Ardesia Wine Bar
Pier 96 @ Hudson River Park
DeWitt Clinton Park
STEPS TO FINE DINING, PARKS, LIFESTYLE AMENITIES AND TRANSIT OPTIONS
CURRENT AVAILABILITIES
57,438 RSF Avail 2/1/25
10 11 12 13 14 17 18 19 16 15
7,532 RSF
7,210 - 21,229 RSF
22,243 RSF 56,713 RSF 56,713 RSF
136,000 RSF Contiguous Block
8 9 7 6 5 4 3
55,503 RSF Avail 2/1/25
2
G
BUILDING LOBBY
PROPOSED FINISHES - OPTION 1
ACCENT FLUTED MFGR: STYLE # THICKN
BROAD MFGR: STYLE: COLOR:
CEILING WHITE PERIME ACCENT
UPGRADED ELEVATOR CABS
LB ARCHITECTS
SL GREEN REALTY CORP. 3
SOUTH WESTERN OFFICE VIEWS
ARTIST RENDERING
PART GROUND FLOOR - 16,084 RSF
PROPOSED LAYOUT
FLOOR KEY
10
Total Offices
50
Workstations
4
Conference Rooms
1
Pantry
1
Reception
Total Personnel
61
ENTIRE 5TH FLOOR - 55,503 RSF
EXISTING CONDITIONS
FLOOR KEY
WEST 58TH STREET
55
Total Offices
148
Workstations
19
Conference Rooms
5
Pantry
3
Reception
Total Personnel
206
WEST 57TH STREET
ENTIRE 8TH FLOOR - 56,713 RSF
EXISTING CONDITIONS
FLOOR KEY
WEST 58TH STREET
109
Total Offices
42
Workstations
16
Conference Rooms
2
Pantry
3
Reception
Total Personnel
154
WEST 57TH STREET
ENTIRE 9TH FLOOR - 56,713 RSF
EXISTING CONDITIONS
FLOOR KEY
WEST 58TH STREET
103
Total Offices
31
Workstations
17
Conference Rooms
1
Reception
Total Personnel
135
WEST 57TH STREET
SUITE 1002 - 22,243 RSF
PROPOSED OPEN LAYOUT
FLOOR KEY
27
Total Offices
50
Workstations
WEST 57TH STREET
4
Conference Rooms
1
Pantry
1
Phone Rooms
1
Reception
Total Personnel
78
SUITE 1002 - 10,995 RSF
PROPOSED OFFICE LAYOUT
FLOOR KEY
15
Total Offices
WEST 57TH STREET
20
Workstations
2
Conference Rooms
1
Pantry
4
Phone Rooms
1
Reception
Total Personnel
36
SUITE 1005 - 11,248 RSF
PROPOSED OFFICE LAYOUT
FLOOR KEY
WEST 57TH STREET
12
Total Offices
28
Workstations
2
Conference Rooms
1
Pantry
3
Phone Rooms
1
Reception
Total Personnel
41
SUITE 1101A - 14,019 RSF
EXISTING CONDITIONS
FLOOR KEY
WEST 58TH STREET
11
Total Offices
71
Workstations
3
Conference Rooms
1
Pantry
Total Personnel
82
M.E.R.
M.E.R.
SUITE 1103B - 7,210 RSF
EXISTING CONDITIONS
FLOOR KEY
WEST 58TH STREET
12
Total Offices
34
Workstations
1
Conference Rooms
Total Personnel
46
M.E.R.
SUITE 1327 - 7,532 RSF
PROPOSED LAYOUT
WEST 57TH STREET
KEY PLAN
FLOOR KEY
WEST 57TH STREET
5
Total Offices
56
Workstations
2
Conference Rooms
Total Personnel
62
WELL.
IT
PANTRY
RECEPTION
COATS
SPACE SUMMARY SPACE TYPE
QTY
NDOW OFFICE
2
ERIOR OFFICE
3
-- ALL DIMENSIONS AND CONDITIONS ARE -- APPROXIMATE AND SUBJECT TO FIELD VERIFICATION
NTS SCALE:
ORKSTATION - 6'-0" X 2'-6"
56
CEPTIONIST
LOFFREDO BROOKS ARCHITECTS P.C. 118 WEST 22ND STREET - 4TH FLOOR NEW YORK CITY, NEW YORK 10011 TEL 212.679.7729 FAX 212.725.8914 E.MAIL INFO@LBARCH.COM
1
PROPOSED PLAN - SUITE 1327 OPEN LAYOUT - OPTION 2
SL GREEN REALTY CORP. 555 WEST 57TH STREET
WEST 57TH STREET
TOTAL HEADCOUNT 62 PERSON CONFERENCE ROOM 1 ERSON CONFERENCE ROOM 1 KEY PLAN
DATE: DWG. NO.:
09.11.23
NEW YORK, NEW YORK
TF-01
SUITE 1327 - 7,532 RSF
EXISTING CONDITIONS
FLOOR KEY
WEST 57TH STREET
9
Total Offices
37
Workstations
4
Conference Rooms
1
Pantry
Total Personnel
46
WEST 57TH STREET
KEY PLAN
ENTIRE 19TH FLOOR - 57,438 RSF
EXISTING CONDITIONS
FLOOR KEY
WEST 58TH STREET
66
Total Offices
151
Workstations
13
Conference Rooms
4
Pantry
6
Phone Rooms
1
Reception
Total Personnel
218
WEST 57TH STREET
OPPORTUNITY ZONE (OZ) MIDTOWN
Central Park
The Opportunity Zone runs from West 50th to West 58th Street and from 10th Avenue to the Hudson River, and is the only OZ located in Midtown Manhattan.
Columbus Circle
W 58 th St.
W 57 th St.
W 56th St.
W 55th St.
W 54th St.
W 53rd St.
W 52nd St.
W 51st St.
W 50th St.
Times Square
OZ Overview
OZ 555 W 57th Street is one of only two buildings in Manhattan to offer a large block of commercial space for lease in an Opportunity Zone. 1. Business types A variety of tenants, such as the types outlined below, may qualify for tremendous tax benefits by taking space in a property within an Opportunity Zone, such as 555 W 57th Street. • An investor, private equity fund, venture capital firm or parent company looking to defer and/or eliminate a realized capital gain. • A start-up business or new subsidiary of a parent company seeking to eliminate any tax gain on the appreciation of the business. 2. Tax incentives If your company falls within one of these business types it is important to be aware of the enormous tax incentives that are available to your company, or a new subsidiary, by becoming a tenant of 555 W 57th Street. A tenant leasing space in an Opportunity Zone may enjoy three major tax benefits:
2
1
• Tax Exemption (on appreciation) at Sale of your business • Deferral of Capital Gains • Reduction of Capital Gains
OZ
OZ Benefits
10 yrs.
Locate your QOF business here
Grow your business
Sell your business Tax free gains (profit)
Part 1 - Sale of QOF Business After 10 years
Assumptions
Capital gains on sale
$ 247,500,000 $ 58,905,000
D = B-A E = C*D
Capital gains invested in QOF start-up Sale of QOF business after 10 years
$ 2,500,000 $ 250,000,000
A B C
Capital Gain taxes eliminated (estimate)
23.8 %
Capital gains tax rate
There are various qualification requirements, restrictions and guidelines to this newly created tax incentive and SL Green makes no indemnification that tenants will qualify for or receive any of the benefits outlined herein. Please consult a tax professional for further guidance.
Part 2 - Capital Gains Invested in QOF Business
Capital gains tax paid prior to 12/31/2026 Capital gains eliminated after 5 years - % Capital gains eliminated after 5 years - $ Capital gains taxes paid on 12/31/2026
$ 0
10 %
F
$ 250,000 $ 535,500 $ 59,500
G = A*F
H = (A - G)*C
Capital gains taxes eliminated
I = G*C
Total Taxes Eliminated
$ 58,964,500 = E+I
BUILDING SPECIFICATIONS
OWNER
SECURITY
Green W 57th St LLC
24/7- uniformed security guards; Closed Circuit Television (CCTV) monitoring at all entrance/exit points
YEAR BUILT
1969
5 high- rise passenger elevators, 3,500 lbs capacity each; 5 low-rise passenger elevators, 3,500 lbs capacity each; 2 service elevators, 4,500 lbs capacity each; 1 service elevator, 10,000 lbs capacity; 1 tenant elevator, 2,500 lbs capacity; 2 tenant elevators, 3,500 lbs capacity each; 1 parking garage hydro elevator, 2,500 lbs capacity. 3 freight elevators:
LOCATION
ELEVATORS FREIGHT ELEVATORS
Corner of 57th Street and 11th Avenue
ARCHITECTS
Edgers & Higgins
BUILDING SIZE
1,109,061 rsf
(2) bldg: Loading dock-20th FL (1) tenant truck elevator: B3-4th FL
FLOOR SIZES
2nd -19th 55,000 - 57,000 rsf
BUILDING CONSTRUCTION
Entries on the 57th and 58th streets featuring picture window glass with a large revolving door flanked on each side by handicapped accessible swing doors. The lobby itself is finished in marble with a terrazzo tile floor. Conventional steel frame of beams and columns with reinforced concrete floor slabs. Floor layout center core Aluminum and glass
Four (4) 4,000 amp, 480 volt switchboards each; 16,000 amps total service to the building.
ELECTRIC CAPACITY
Central plant with two (2) 1,300 ton centrifugal chillers & one (1) 800 ton electric drive chiller.
HVAC
Addressable Class E fire alarm system; self- contained emergency generator for Life Safety systems; fully sprinklered
LIFE SAFETY
CEILING HEIGHT
Slab to slab 13’
TRANSPORTATION
Walking distance to subways at Columbus Circle (including the A, B, C, D & 1); and M10, M20, M31, M57 & M104 buses; Convenient access to the West Side Highway
WINDOWS
39.5” to 54.25”
TELECOM
Altice, AT&T, Crown Castle Fiber, Spectrum, Verizon, Windstream
COLUMN SPACING
38’ center to center of the columns
SUSTAINABILITY AT SL GREEN
HIGHLIGHTS
AIR • HVAC systems are equipped with MERV-16 media filters that capture airborne particles, exceeding the requirements of New York City’s Energy Code. • Mechanical systems increase the supply of outdoor air and continuously cycle fresh, filtered air throughout the building. • Base building air quality is assured by WellStat, a monitoring system that provides real-time air quality levels that measure indicators including carbon dioxide, particulate matter, VOCs, temperature, humidity, and more.
• Building staff are required to use low VOC emitting products including solvents, carpets, adhesives, paints, and coatings to maintain optimal indoor air quality.
BUILDING HEALTH & SAFETY • 555 West 57th Street is WELL Health-Safety Rated, under an evidence-based, third-party verification of the effectiveness of our operational and maintenance protocols. • Janitorial staff conduct high frequency cleaning and sanitization using green cleaning products. • Construction materials used at 555 West 57th Street are LEED-compliant, recycled, responsibly sourced, and non-toxic. • SL Green provides training on emergency preparedness and workplace safety to building occupants and coordinates response drills quarterly. ENERGY • 555 West 57th Street is equipped with automated control systems. • LED lighting systems are installed throughout building common areas to increase energy efficiency. • SL Green’s Engineering team uses a real-time energy management platform (iES EnergyDesk) to monitor energy use in 15-minute intervals and respond to building conditions promptly. • SL Green invests in capital upgrades and commissions building systems to ensure they are maximining performance.
RECYCLING • 555 West 57th Street deploys a color-coordinated recycling procedure to minimize waste sent to landfills. • We conduct annual waste audits to identify areas for waste diversion improvement and develop corrective action plans. • We offer free recycling training sessions to tenants. • Janitorial staff uses double-barrel waste bins to ensure waste streams remain separated and are trained annually to maintain recycling best practices. • We offer complimentary e-waste pick-up to tenants to ensure materials are properly recycled.
WATER • Building engineers review water logs daily to compare trends and identify potential water loss. • SL Green disinfects cooling towers twice a year and conducts testing for legionella bacteria every 90 days.
SUSTAINABILITY AT SL GREEN
BUILDING ACHIEVEMENTS
TENANT PARTNERSHIPS
• SL Green partners with tenants to pursue incentives such as the NYSERDA RTEM + Tenant Program, which provides funding to install software in tenant spaces that gives real-time insights on energy usage. The software can help tenants identify measures to reduce their energy usage. • We promote recognition of tenant sustainability practices through the Tenant ENERGY STAR program. • If interested in additional partnership opportunities, please contact the SL Green sustainability team.
ORGANIZATIONAL SOCIAL RESPONSIBILITY Company-wide ESG Initiatives
• Bloomberg ESG Disclosure score among “Top 10” of all REITs listed on the Russell 1000 Index • Top Quartile on Refinitiv (formerly Thomson Reuters) ESG performance among all Commercial REITs globally in ESG Performance • MSCI’s Environment Category Top 15% Ranking (Opportunities in Green Buildings) in 2022 • Achieved a “5 Star” rating on GRESB, the organization’s highest accolade • S&P Global Sustainability Yearbook members (2022, 2023) • Green Lease Leaders Platinum Award (2023-2026) • CDP’s Climate Change Questionnaire score of “B” for 2020, 2021, and 2022 • State Street’s R-Factor Score “Leader” ranking for top 10% performance in Real Estate Industry
• ENERGY STAR Partner of the Year – Sustained Excellence (2018, 2019, 2020, 2021, 2022, 2023) • Annual voluntary ESG disclosures through leading frameworks SASB, GRI, CDP, S&P CSA (DJSI) • Seeded Food1st Foundation, a not-for-profit organization with a $1.5M investment, which has resulted in over one million meals donated to food-insecure New Yorkers and first responders • Sustainalytics’ 2023 Top-Rated ESG Companies List • Top 10% in ISS Corporate ESG Performance • Named to Newsweek’s list of America’s Most Responsible Companies 2023 • Validated our Scope 1, 2, & 3 emissions reduction targets aligned with the SBTi’s 1.5-degree Celsius scenario
For more information, visit sustainability.slgreen.com or email sustainability@slgreen.com.
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2023, the Company held interests in 58 buildings totaling 32.5 million square feet . This included ownership interests in 28.8 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.
BRIAN WATERMAN Executive Vice Chairman
SCOTT KLAU Vice Chairman
KEVIN SULLIVAN Director
DAVID WATERMAN Associate
(212) 372-2299 brian.waterman@nmrk.com
(212) 372-2244 scott.klau@nmrk.com
(212) 850-5462 kevin.sullivan@nmrk.com
(212) 372-2216 david.waterman@nmrk.com
LARRY SWIGER Senior Vice President
ELAINE ANAZAGASTY Vice President
REBECCA TUTEUR Associate
(212) 216-1628 larry.swiger@slgreen.com
(212) 216-1751 elaine.anazagasty@slgreen.com
(212) 356-4106 rebecca.tuteur@slgreen.com
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