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
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