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60 East 42nd Street

Updated Oct 28, 2025

SORA Leases 14,430 Square Feet At One Grand Central Place In Manhattan
LEASEDRetail

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

About this deal

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:

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.

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Retail

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Players

Neil Seth

Cushman & Wakefield

Broker

10 deals

Broker
Empire State Realty Trust
Empire State Realty TrustLandlord
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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

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