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5 Grand Central East

Updated Aug 27, 2026

LEASEDOffice

Nutter Expands Lease To 11,438 Square Feet At 5 Grand Central East In Manhattan

5 Grand Central East

Building Size

11,438 SF

Asset Type

Office

Closing

Aug 26, 2026

About this deal

AI

The asset involved in this transaction is an office property located at 5 Grand Central East, situated in the Manhattan market. The property encompasses 11,438 square feet and includes the entire 25th floor, in addition to a renewed lease on the 27th floor.

Summary of transation details:

This transaction highlights the involvement of Jody Durst from the Durst Organization as the landlord, while law firm Nutter is represented by Mike Joyce and Trevor Larkin from CBRE. The lease reflects Nutter's expansion in the property, solidifying their presence in the Manhattan office market.

Players

Tom Bow

Durst Organization

Broker

11 deals

Broker
Nutter
NutterBuyer

Jody Durst

Durst Organization

Landlord

14 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

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