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110 East 42nd Street

Gentry Long Of Industrious Leases 43000 SF Office At 110 East 42nd Street With Meadow Partners
LEASEDOffice

Gentry Long Of Industrious Leases 43000 SF Office At 110 East 42nd Street With Meadow Partners

110 East 42nd Street

Building Size

Asset Type

Office

Closing

Mar 19, 2026

AI

The property asset involved in the transaction is located at 110 East 42nd Street in Manhattan. It is an office space totaling 43,000 square feet, making it part of a larger expansion initiative in the Manhattan market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 110 East 42nd Street
  • Landlord: Jeffrey M. Kaplan - Meadow Partners
  • Tenant: Gentry Long - Industrious
  • Market: Manhattan
  • Square Footage: 43,000

The deal showcases the involvement of Jeffrey M. Kaplan representing Meadow Partners as the landlord and Gentry Long representing Industrious as the tenant. This lease is part of Industrious's strategy to enhance its presence in Manhattan with three new coworking locations, totaling over 100,000 square feet, which include developments at 609 Greenwich Street and 156 Fifth Avenue, set to open between July and September.

Players

Jeffrey M. Kaplan

Meadow Partners

Landlord

$921.4M

vol

9 deals

Landlord

Gentry Long

Industrious

Tenant

3 deals

Tenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93