National Bank Of Canada Signs Long-Term Lease At 65 East 55th Street In Manhattan
65 East 55th Street
$125
$125/SF
Building Size
17,957 SF
Asset Type
Office
Closing
Oct 22, 2025
AI
The property at 65 East 55th Street is an office asset located in the Manhattan market. The leasing transaction involved the entire eighth floor, amounting to 17,957 square feet. The asking rent set for this space was $125 per square foot. The deal was finalized in mid-September while still under Blackstone's ownership, which is in the process of selling the property to SL Green for $730 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $125/ft
- Square Footage: 17,957
- Address: 65 East 55th Street
- Market: Manhattan
- Landlord: Blackstone
- Tenant: National Bank of Canada
- Brokers: Jared Horowitz, Brent Ozarowski, Cooper Weisman & Neil Goldmacher - Newmark
National Bank of Canada has signed a long-term lease that expands its existing footprint in the building. The involved brokerage team from Newmark facilitated this transaction between Blackstone and National Bank of Canada.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93