HDR Signs 74,500 Square Foot Office Lease In Midtown Manhattan With Landlord Jeffrey J. Feil
370 7th Avenue
Building Size
74,500 SF
Asset Type
Office
Closing
Jul 21, 2026
AI
The property involved in this transaction is an office space located at 370 7th Avenue in Midtown Manhattan. It consists of 74,500 square feet, situated in a prime, transit-oriented office corridor.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 370 7th Avenue
- Market: Midtown Manhattan
- Landlord: Jeffrey J. Feil - The Feil Organization
- Tenant: HDR
- Brokers: Andrew Wiener & Kyle Young - The Feil Organization
HDR has signed a lease for the office space, marking an expansion in their footprint within the area. The deal involved key representatives from The Feil Organization, notably Andrew Wiener and Kyle Young, who facilitated the transaction.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93