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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 60 East 42nd Street
- Market: Midtown East, Manhattan
- Landlord: Anthony E. Malkin - Empire State Realty Trust
- Tenant: Landmark Management
- Landlord's Representative: Scott Klau, William Cohen, Erik Harris, Neil Rubin, Zachary Weil & Cole Gendels - Newmark; Ryan Kass, Jordan Berger, Shanae Ursini & Kerry Lavelle - Empire State Realty Trust
- Tenant's Representative: Christopher Corrinet & Evan Fiddle - CBRE
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
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