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60 East 42nd Street

J.P. Morgan Chase Renews Retail Lease At 60 East 42nd Street With Anthony Malkin's Empire State Realty Trust
LEASEDRetail

J.P. Morgan Chase Renews Retail Lease At 60 East 42nd Street With Anthony Malkin's Empire State Realty Trust

60 East 42nd Street

Building Size

21,683 SF

Asset Type

Retail

Closing

Feb 18, 2026

AI

The property asset involved in this transaction is a retail space located at 60 East 42nd Street in Manhattan. The lease covers a total area of 21,683 square feet. The property is managed by Empire State Realty Trust.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 60 East 42nd Street
  • Market: Manhattan
  • Landlord: Anthony Malkin - Empire State Realty Trust
  • Tenant: J.P. Morgan Chase
  • Broker: Michael O'Neill - Cushman & Wakefield

This lease transaction involved J.P. Morgan Chase, which renewed its retail lease at ESRT’s One Grand Central Place, situated directly across from Grand Central Terminal. Michael O'Neill represented the brokerage perspective in this transaction.

Players

Michael O'Neill

Cushman & Wakefield

Broker

9 deals

Broker
Anthony Malkin

Anthony Malkin

Empire State Realty Trust

Landlord

$431.9M

vol

8 deals

Landlord
J.P. Morgan Chase
J.P. Morgan ChaseTenant

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