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
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