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Booking Holdings Expands Office Lease To 64,563 SF At Empire State Building In Midtown Manhattan

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LEASED
Jordan Berger
Brent Ozarowski
+ 7

New York

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Office64,563 SF
Leased
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Property Image
LEASED

Booking Holdings Expands Office Lease To 64,563 SF At Empire State Building In Midtown Manhattan

60 East 42nd Street

See Similar Deals
Office64,563 SF
Leased
Jordan Berger
Brent Ozarowski
+ 7
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:64563 SF
Transaction Type:Lease

60 East 42nd Street is an office asset located in Midtown Manhattan, featuring a total square footage of 64,563. Booking Holdings enhanced its presence in the Empire State Building by renewing a lease for 27,377 square feet and adding another 37,186 square feet for a total space of 64,563 square feet, with a price of $85 per square foot.

Summary of transaction details:

This transaction highlights key players, including landlords Thomas Durels and Anthony E. Malkin from Empire State Realty Trust, and tenant representative Glenn D. Fogel from Booking Holdings. The arrangement was facilitated through various representatives from Newmark and CBRE, ensuring a comprehensive approach to the lease negotiation process.

Players

Scott Klau
21 deals
BROKER

Erik Harris
Newmark
26 deals$300.4M volume
BROKER

Neil Rubin
Newmark
11 deals
BROKER

Brent Ozarowski
Newmark
14 deals
BROKER



Cole Gendels
Newmark
9 deals$300.4M volume(212) 850-5443
BROKER

Details

LEASED
IMAGE: Joshua Pernice, Frederick Fackelmayer, Glenn D. Fogel, Shanae Ursini, Thomas Durels, Jordan Berger, Anthony E. Malkin, Erik Harris, Scott Klau, Brent Ozarowski, Neil Rubin, Zach Weil & Cole Gendels DATE: 02/20/2025 ADDRESS: 60 East 42nd Street MARKET: Midtown Manhattan ASSET TYPE: Office ~ SF: 64,563 LANDLORD: Thomas Durels & Anthony E. Malkin - Empire State Realty Trust (@ESRTSocial) TENANT: Glenn D. Fogel - Booking Holdings LANDLORD'S REP: Brent Ozarowski, Cole Gendels, Erik Harris (@EricNewmark), Neil Rubin, Scott Klau & Zach Weil - Newmark; Jordan Berger & Shanae Ursini - Empire State Realty Trust TENANT'S REP: Frederick Fackelmayer & Joshua Pernice - CBRE (@CBRE) NOTE: Booking Holdings renewed its 27,377-sf lease at the Empire State Building for seven years and added 37,186 sf for 11 years, bringing its total to 64,563 sf at $85 psf. Separately, NYSERDA expanded to 38,550 sf at 1333 Broadway with a 16-year renewal at $69 psf.

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Deal Type
Effective Rent (Annual)

$3,700,712.20

Total Lease Value

$37,007,122.00

Net Landlord Cash Flow$3,700,712.20