Green Street Advisors Expands Lease At 10 Grand Central Manhattan For $88 Per Square Foot
10 Grand Central
$88
$88/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Oct 23, 2025
AI
The property involved in this transaction is an office asset located at 10 Grand Central in Manhattan. The total leased area amounts to 12,000 square feet, with an asking rent set at $88 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $88/ft
- Address: 10 Grand Central, Manhattan
- Landlord: Craig Deitelzweig - Marx Realty
- Tenant: Green Street Advisors
- Square Footage: 12,000
- Brokerage: Ian Lipman, Mitchell Konsker, Thomas Swartz, Carlee Palmer & Nicole Danyi - JLL
The deal facilitates Green Street Advisors' expansion of its lease at the property, increasing their leased space by 7,000 square feet. The transaction was coordinated by JLL, representing both the landlord and the tenant, reflecting ongoing tenant growth in the redeveloped Midtown office tower.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93