New York, NY According to GFP Real Estate, LLC, Kombo Technologies, LLC (Kombo), a fast-growing HR technology platform focused on API-driven integrations, has signed a new lease for 8,400 s/f at 171 Madison Ave. in Midtown South.
Kombo will occupy the entire eighth floor under a two-year lease, relocating and expanding from Williamsburg, Brooklyn as part of its continued growth.
Michael Thomas of Colliers represented the tenant in the transaction. Allen Gurevich of GFP Real Estate represented ownership.
Kombo provides a unified API that connects HR, applicant tracking (ATS) and payroll systems, with a focus on secure, compliant data integration across talent platforms.
“Kombo Technologies represents exactly the type of innovative, high-growth company we continue to attract to 171 Madison Avenue,” said Allen Gurevich of GFP Real Estate. “The building’s full-floor opportunities, strong natural light and central Midtown South location continue to attract emerging technology firms looking for efficient, high-quality space as they scale.”
The lease reflects a growing trend of early-stage and scaling tech firms migrating within Midtown South to secure full-floor identity and shorter-term flexibility.
Originally completed in 1918 and designed by architect William H. Gompert, 171 Madison Avenue is a 17-story, approximately 135,000-square-foot property featuring a recently upgraded lobby, building entrance and elevators, along with office space offering exposure on three sides and abundant natural light.
Located one block from the Empire State Building, the property offers convenient access to the 6 subway line and is within close proximity to Grand Central Terminal, providing connectivity throughout Manhattan and the greater region.
(Credit: GFPRE; GFP grants permission to use these photos for publication)
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,