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[IMGCAP(1)]NEW YORK CITY-Teach for America has signed a 10-year lease for 15,000 sf, the entire 15th floor, at 519 Eighth Ave. The space will house the nonprofit organization’s New York City regional team.

Steve Kaufman and Barbara Raskob of the Kaufman Organization, the landlord at the 26-story property, represented themselves. Robert Gastel and Hugh Herman of Cushman & Wakefield Inc. represented the tenant.

[IMGCAP(2)]Cushman & Wakefield note that average class C average for the Times Square South area is $37.16 per sf. A Kaufman source tells GlobeSt.com that the “asking price for the space was in the high $30s per sf.”

“We are pleased to have a remarkable organization like Teach for America in our building,” Kaufman says in a prepared statement. “Teach for America’s nearly 20-year presence in New York has helped increase the chance that all of our city’s children will have access to a great education.”

Built in 1926, the 349,000-sf building boasts a tenant roster that includes the NYC Transit Authority, Lucerne Textiles, AFA Protective Systems and the NY Elevator Co. Other features of the pre-war building include 24-hour electronic security and 24-7 accessibility.

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