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712 5th Avenue

Woodline Partners Leases 19,500 Sq. Ft. Office At 712 5th Avenue From Paramount Group
LEASEDOffice

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

Albert Behler

Paramount Group

Landlord

$1.3B

vol

12 deals

Landlord

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