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
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