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2 Pennsylvania Plaza

Robinhood Signs 10-Year Sublease For 125,392 Square Feet At Vornado Realty Trust In Manhattan
LEASEDOffice

Robinhood Signs 10-Year Sublease For 125,392 Square Feet At Vornado Realty Trust In Manhattan

2 Pennsylvania Plaza

Building Size

125,392 SF

Asset Type

Office

Closing

Nov 6, 2025

AI

The property asset involved in this transaction is an office space located at 2 Pennsylvania Plaza in Manhattan. The total square footage of the asset is 125,392, and it is part of Vornado Realty Trust’s Penn 2 office tower situated above Penn Station.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Lease Term: 10-year
  • Lease Type: Sublease
  • Landlord: Steven Roth - Vornado Realty Trust
  • Tenant: Robinhood

The deal features key individuals including Steven Roth representing Vornado Realty Trust as the landlord and Vlad Tenev representing Robinhood as the tenant. The leasing arrangement comprises two floors within the office tower.

Players

Steven Roth

Vornado Realty Trust

Landlord

$7.7B

vol

46 deals

Landlord
R
RobinhoodTenant

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