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14 Pennsylvania Plaza

Circle Realty Group Leases Office Space In Manhattan To Roux For $65/ft
LEASEDOffice

Circle Realty Group Leases Office Space In Manhattan To Roux For $65/ft

14 Pennsylvania Plaza

$65

$65/SF

Building Size

5,250 SF

Asset Type

Office

Closing

Jun 23, 2026

AI

The property asset involved in the transaction is an office space located at 14 Pennsylvania Plaza in Manhattan. The asking rent for this space is $65 per square foot, with a total size of 5,250 square feet. The lease term spans 10 years and 5 months, and it is classified as a Full Service Gross lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $65/ft
  • Lease Term: 10 Years and 5 Months
  • Lease Type: Full Service Gross
  • Landlord: Circle Realty Group
  • Tenant: Roux
  • Landlord's Representative: Jay Futersak - Circle Realty Group
  • Tenant's Representatives: Woody King & Sean Slattery - Lee & Associates
  • Square Footage: 5,250

This lease marks the relocation of the tenant, Roux, from their previous address at 252 West 37th Street, planned for September 2026.

Players

Sean Slattery

Lee & Associates

Broker

$94.8M

vol

10 deals

Broker
CG
Circle Realty GroupLandlord
R
RouxTenant

Brooklyn 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93