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Case study

Raymond Weil

Watches & jewelry · 485 Madison Avenue · 5,739 SF

A below-market deal in a Class A building near Grand Central, secured two years early.

Building at 485 Madison Avenue

Photos: 485 Madison Avenue

5,739 SF485 Madison Avenue
2 yearsbefore expiration

The challenge

A large walk-in safe made moving very expensive, and the landlord knew it. When we first met, they had six years left on their lease, and neither expanding nor renewing made sense yet.

What we did

  • Stayed in touch for four years, then renegotiated with two years remaining.
  • Secured a below-market rate and a reset of the tax base year.
  • Negotiated a strong landlord work and free-rent package.

The result

5,739 SF at 485 Madison Avenue, locked in before rents rose, with savings starting right away instead of at expiration. February 2026.

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