Eli Elefant Of Property & Building Corporation Leases 122,000 SF Office To Baker McKenzie In Manhattan
452 5th Avenue
$150
$150/SF
Building Size
122,000 SF
Asset Type
Office
Closing
May 14, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 452 5th Avenue in Manhattan. The property measures 122,000 square feet and has an asking rent of $150 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $150/ft.
- Square Footage: 122,000
- Address: 452 5th Avenue
- Market: Manhattan
- Landlord: Eli Elefant - Property & Building Corporation (PBC USA)
- Tenant: Baker McKenzie
- Broker: JLL
The transaction showcases the growing presence of Baker McKenzie as it expands its footprint to 7.5 floors at the former HSBC tower, a site that has been recovering since HSBC's exit in 2024. The broker for this deal was JLL, facilitating the lease agreement between the involved parties.
On the Map
$150
$150/SF
Office
View full map
Players
Rochester Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Rochester office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93