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60 East 42nd Street

Landmark Management Signs 12,168 Square Foot Lease At One Grand Central Place In Midtown East
LEASEDOffice

Landmark Management Signs 12,168 Square Foot Lease At One Grand Central Place In Midtown East

60 East 42nd Street

Building Size

12,168 SF

Asset Type

Office

Closing

Jul 13, 2026

AI

The property involved in this transaction is an office asset located at 60 East 42nd Street in Midtown East, Manhattan. The lease spans 12,168 square feet at Empire State Realty Trust’s One Grand Central Place.

Summary of transaction details:

Landmark Management has signed a lease to relocate from its Upper East Side office to this Midtown East location near Grand Central Terminal. The transaction involves multiple representatives from both the landlord and tenant side reflecting collaboration in the leasing process.

Players

Scott Klau

Newmark

Broker

22 deals

Broker
LM
Landmark ManagementBuyer

Anthony E. Malkin

Empire State Realty Trust

Landlord

$913M

vol

13 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