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65 East 55th Street

National Bank Of Canada Signs Long-Term Lease At 65 East 55th Street In Manhattan
LEASEDOffice

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:

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

Jared Horowitz

Newmark

Broker

9 deals

Broker
Newmark
NewmarkBrokerage
Blackstone
BlackstoneLandlord

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