SORA Leases 14,430 Square Feet At One Grand Central Place In Manhattan
60 East 42nd Street
Building Size
14,430 SF
Asset Type
Retail
Closing
Oct 27, 2025
AI
60 East 42nd Street is a retail property located in Manhattan, with an asset type classified as retail and encompassing a total of 14,430 square feet. The transaction was finalized on 10/27/2025, contributing to the area's growing appeal as a destination for high-end dining and corporate ventures.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 60 East 42nd Street
- Market: Manhattan
- Asset Size: 14,430 SF
- Landlord: Anthony E. Malkin - Empire State Realty Trust
- Tenant: SORA
- Landlord's Representatives: Fred Posniak & Alec Stone - Empire State Realty Trust; Kenji Ota, Neil Seth - Cushman & Wakefield
- Tenant's Representatives: Robert Bonicoro & Betsy Da Silva - CBRE
The lease involved Japanese omakase restaurant Sora, which will occupy the space within One Grand Central Place, a Class A office tower. This deal not only adds to Empire State Realty Trust's amenity offerings but also aligns with the ongoing trend of attracting premium dining options in the Grand Central District.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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