A New York-based hedge fund has inked a 50,000 square foot lease in a office tower next door to Carnegie Hall, paying a whopping $155 per square foot, or nearly $8 million a year – proving that Midtown’s commercial real estate market remains red hot.

The deal, which involves Kingdon Capital Management renewing and expanding its presence in the Carnegie Hall Tower at 152 W. 57th St., will bring to five the number of floors occupied by the hedge fund, which has $5 billion under management.

Kingdon, which will take space on floors 47 through 51, previously occupied 8,000 square feet on a lower floor and paid around $80 a square foot.

Considering the side of the space Kingdon will occupy, its rent is one of the highest in the city. While there are tenants in the city that pay sharply more, those leases generally cover smaller spaces.

Among leases for larger spaces, Providence Equity Partners’ 32,080 square feet at 9 W. 57th St. is the record holder at $205 a square foot.

William Cohen of Newmark Knight Frank represented building owner Rockrose Development. Paul Revson of The Staubach Co. repped Kingdon.