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350 5th Avenue

LEASEDOffice

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:

The transaction reflects a consolidation and expansion from 81,000 square feet previously occupied across three Manhattan offices by the United Talent Agency.

Players

Benjamin Bass

JLL

Broker

$770M

vol

28 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord

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

165239.58%

Cash-on-Cash

-47225.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93