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430 East 29th Street

Ochre Bio Leases 5894 Square Feet At Alexandria Center From Landlord Peter M. Moglia
LEASEDOffice

Ochre Bio Leases 5894 Square Feet At Alexandria Center From Landlord Peter M. Moglia

430 East 29th Street

Building Size

5,894 SF

Asset Type

Office

Closing

Jul 16, 2025

AI

The property asset involved in this transaction is a 5,894 square feet office space located at 430 East 29th Street in the Midtown East market. It is a subleased lab space at the Alexandria Center for Life Science.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 430 East 29th Street
  • Market: Midtown East
  • Landlord: Peter M. Moglia - Alexandria Real Estate Equities Inc
  • Tenant: Ochre Bio
  • Brokers: Thomas Burrus, Bill Harvey & John Cahill - JLL

Ochre Bio is making this move from BioLabs at 180 Varick Street to their new location in Midtown East, indicating a strategic relocation to enhance their operational capabilities within the life sciences sector.

Players

Bill Harvey

JLL

Broker

$40M

vol

3 deals

Broker
JLL
JLLBrokerage

Peter M. Moglia

Alexandria Real Estate Equities Inc

Landlord

$2B

vol

14 deals

Landlord
Alexandria Real Estate Equities Inc
Alexandria Real Estate Equities IncLandlord

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