Woodline Partners Leases 19,500 Sq. Ft. Office At 712 5th Avenue From Paramount Group
712 5th Avenue
Building Size
19,500 SF
Asset Type
Office
Closing
Dec 8, 2025
AI
The asset involved in this transaction is an office space located at 712 5th Avenue in Midtown Manhattan, encompassing a total area of 19,500 square feet. The lease agreement is set for a duration of 15 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 712 5th Avenue
- Market: Midtown Manhattan
- Asset Size: 19,500 sq. ft.
- Landlord: Albert Behler - Paramount Group
- Tenant: Woodline Partners
Woodline Partners is in the process of relocating its New York City offices to the new space, moving approximately 0.3 miles from its previous location on Sixth Avenue to occupy the 43rd and 44th floors of the building.
Players
Brooklyn 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