United Talent Agency Leases 100,948 SF At Empire State Building For $96 Per Square Foot
350 5th Avenue
$96
$96/SF
Building Size
100,948 SF
Asset Type
Office
Closing
Jul 19, 2026
AI
The property asset involved is an office space located at 350 5th Avenue in Manhattan. The United Talent Agency signed a lease for a total of 100,948 square feet across floors 32 to 35 of the Empire State Building with an asking rent of $96 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $96/ft.
- Square Footage: 100,948
- Address: 350 5th Avenue
- Market: Manhattan
- Landlord: Anthony E. Malkin - Empire State Realty Trust
- Tenant: United Talent Agency
- Landlord's Representative: Scott Klau, Erik Harris, Neil Rubin, Brent Ozarowski, Zachary Weil & Cole Gendels - Newmark
- Tenant's Representative: Mitchell Konsker, Benjamin Bass & Harrison Potter - JLL
The transaction reflects a consolidation and expansion from 81,000 square feet previously occupied across three Manhattan offices by the United Talent Agency.
Players
New York 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
165239.58%
Cash-on-Cash
-47225.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93