Rising Above the Flood: Newman Ferrara’s Return to a Purpose-Built Office

Building

55 East 59th St

Lease Term

10 + Years

Lease Type

New Direct Lease

Delivery Condition

Turnkey

The Challenge

Newman Ferrara, LLP—a respected litigation law firm led by partners John Newman and Lucas Ferrara—found itself in an unexpected and disruptive situation when a building-wide flood rendered its former office unusable. Overnight, the firm became nomadic, with attorneys splitting time between working from home and temporary coworking spaces.

While functional in the short term, this arrangement was far from ideal for a growing legal practice that depends on collaboration, confidentiality, and structure. The firm needed to reunite its team under one roof and establish a permanent, purpose-built office that could support both partners and associates for the long term. Their ideal space required an office-intensive layout, dedicated conference rooms for client meetings, open workspace for associates, and ample storage for case files—all without the delays of a major build-out.

The Solution

The answer came in the form of a second-generation office condominium at 55 East 59th Street, just steps from Central Park. Previously occupied by a financial firm, the space already featured a highly efficient, legal-friendly layout, including quiet corner offices for founding partners, generous private offices for additional partners, and functional common areas.

By securing a new 10+ year direct lease and taking the space largely as-is, Newman Ferrara was able to move quickly and avoid prolonged downtime. Only minor cosmetic updates were needed, allowing the firm to transition seamlessly from temporary setups into a cohesive, professional office environment.

The Outcome

Newman Ferrara, LLP is once again fully reunited in a dedicated office designed to support the realities of a modern litigation practice. The new space provides long-term stability, restores day-to-day collaboration, and offers a prestigious Midtown location near Central Park that reflects the firm’s standing and longevity.

After months of uncertainty, the firm has not only recovered but emerged stronger, more unified, and positioned for continued success for the next decade and beyond.

My team and I are ready to represent you in your next NYC commercial real estate lease.

Contact

Jwolkenfeld@normanbobrow.com

Direct: (212) 682-8848

Mobile: (323) 474-5552

Address: 488 Madison Avenue, New York, NY 10022

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