Vimeo Signs 15,172 Square Foot Office Lease At Haymes Investment Company’s 5 Penn Plaza
5 Pennsylvania Plaza
Building Size
15,172 SF
Asset Type
Office
Closing
Nov 10, 2026
About this deal
AI
5 Pennsylvania Plaza is an office asset located in Midtown Manhattan, specifically comprising 15,172 square feet. The property is managed by Haymes Investment Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 5 Pennsylvania Plaza
- Market: Midtown Manhattan
- Landlord: Haymes Investment Company
- Tenant: Vimeo
- Landlord's Representatives: Alexis Odgers, Joseph Gervino & Larry Zuckerman - Avison Young
- Tenant's Representatives: Mitchell Konsker, Kate Roush, Kristen Morgan, Gregory Wang, Christine Colley & Daniel Turkewitz - JLL
Vimeo has relocated its New York City headquarters from 330 West 34th Street to the newly leased space at Haymes Investment Company’s 5 Penn Plaza. This transaction highlights the strategic move for Vimeo within the Midtown Manhattan office market.
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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