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
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