LEASEDOffice
Reinsurance Group Of America Leases Office Space At Blackstone's 65 East 55th Street In Midtown
65 East 55th Street
Building Size
17,458 SF
Asset Type
Office
Closing
Aug 19, 2025
AI
The asset involved in the transaction is an office space located at 65 East 55th Street in Midtown Manhattan. This property encompasses a total of 17,458 square feet and is owned by Blackstone.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 65 East 55th Street
- Market: Midtown Manhattan
- Landlord: Blackstone
- Tenant: Tony Cheng - Reinsurance Group of America
- Landlord's Representative: Scott Silverstein - Perform Properties; Jared Horowitz, Brent Ozarowski - Newmark
- Tenant's Representatives: Larry Zuckerman, Jeffrey Burger - Avison Young
This lease marks Reinsurance Group of America's first office in New York City, highlighting the strategic move into this significant market area.
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