facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

7 Pennsylvania Plaza

HDR Leases 74,500-Square-Foot Office Space At 7 Pennsylvania Plaza In Manhattan
LEASEDOffice

HDR Leases 74,500-Square-Foot Office Space At 7 Pennsylvania Plaza In Manhattan

7 Pennsylvania Plaza

Building Size

74,500 SF

Asset Type

Office

Closing

May 4, 2026

AI

7 Pennsylvania Plaza, located in Manhattan, is an office asset consisting of 74,500 square feet. This lease signifies HDR's relocation from 500 Seventh Avenue, as they will now occupy the 15th–17th floors of the building owned by the Feil Organization.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 7 Pennsylvania Plaza
  • Market: Manhattan
  • Square Footage: 74,500
  • Landlord: Jeffrey J. Feil - The Feil Organization
  • Tenant: HDR
  • Brokers: Andrew Wiener & Kyle Young - The Feil Organization

The transaction was facilitated by Andrew Wiener and Kyle Young, both representing the Feil Organization. HDR signed a long-term lease with precise occupancy details regarding their move into the substantial space of the property.

Players

Kyle Young

JLL

Broker

$38.2M

vol

16 deals

Broker

Jeffrey J. Feil

The Feil Organization

Landlord

$51.5M

vol

6 deals

Landlord
H
HDRTenant

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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