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140 East 45th Street

Cigna Renews Lease For 32700 Square Feet At 2 Grand Central Tower In Midtown Manhattan
LEASEDOffice

Cigna Renews Lease For 32700 Square Feet At 2 Grand Central Tower In Midtown Manhattan

140 East 45th Street

Building Size

32,700 SF

Asset Type

Office

Closing

Jan 29, 2026

AI

The asset involved in this lease transaction is an office space located at 140 East 45th Street in Midtown Manhattan. The property comprises a total of 32,700 square feet and is situated within the bustling market of Midtown Manhattan.

Summary of transaction details:

Cigna has renewed its lease for the office space across two floors at 2 Grand Central Tower, marking a relocation within the same building. The transaction was brokered by a team from CBRE consisting of Anthony Dattoma, Neil King, Paul Amrich, Meghan Allen, and Alexander Golod.

Players

Paul Amrich

CBRE

Broker

37 deals

Broker
SP
Sovereign PartnersLandlord

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