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UnitedHealthcare Leases 6000 Square Feet At One Vanderbilt In Midtown Manhattan For $265 Per Foot

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LEASED
$265

New York

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Commercial6,000 SF
Leased 09/03/2024
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Property Image
LEASED

UnitedHealthcare Leases 6000 Square Feet At One Vanderbilt In Midtown Manhattan For $265 Per Foot

1 Vanderbilt Avenue

See Similar Deals
Commercial6,000 SF
Leased 09/03/2024
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$265
Total Square Footage:6,000 SF
Transaction Type:Lease

One Vanderbilt Avenue is a commercial property located in Midtown Manhattan. Recently, UnitedHealthcare leased 6,000 square feet at this asset for approximately $265 per square foot, completing the leasing of the tower which is now fully occupied. The building is recognized as one of New York City’s premier office buildings, with asking rents on its higher floors reaching up to $320 per square foot.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $265/ft
  • Square Footage: 6,000 SF
  • Address: 1 Vanderbilt Avenue
  • Market: Midtown Manhattan
  • Landlord: Marc Holliday - SL Green
  • Tenant: UnitedHealthcare
  • Brokers: Andrew Coe, Lisa Kiell & Margaux Kelleher - JLL

The transaction included Marc Holliday representing SL Green as the landlord while Andrew Coe, Lisa Kiell, and Margaux Kelleher from JLL represented UnitedHealthcare in the leasing deal. This agreement fills the last remaining office space in One Vanderbilt.

Players

Andrew Coe
18 deals$500M volume
BROKER

Lisa Kiell
JLL
5 deals
BROKER

Margaux Kelleher
JLL
10 deals
BROKER

Details

LEASED
IMAGE: Lisa Kiell, Marc Holliday, Andrew Coe & Margaux Kelleher DATE: 09/03/2024 ADDRESS: 1 Vanderbilt Avenue MARKET: Midtown Manhattan ASSET TYPE: Commercial LANDLORD: Marc Holliday - SL Green (@SLGreen_Realty) TENANT: UnitedHealthcare BROKERS: Andrew Coe (@NYCOfficeDigs), Lisa Kiell & Margaux Kelleher (@MargauxKelleher) - JLL (@JLL) ASKING RENT: $265/ft ~ SF: 6,000 NOTE: UnitedHealthcare leased 6,000 square feet at One Vanderbilt for about $265 per square foot, filling the tower's remaining office space and making it 100% leased. The deal underscores One Vanderbilt’s status as one of New York City's premier office buildings, with asking rents on higher floors reaching up to $320 per square foot.

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Deal Type
Effective Rent (Annual)

$1,822,756.81

Total Lease Value

$18,227,568.11

Net Landlord Cash Flow$1,822,756.81