The Real Deal New York

NYU Langone renews 45K sf lease at Meyer Equities’ 145 East 32nd St.

Asking rent for one of the floors was $70 psf
By Rich Bockmann | July 26, 2017 12:10PM

145 East 32nd and Eric Meyer

NYU Langone Medical Center renewed 45,000 square feet at Meyer Equities’ 145 East 32nd Street for medical offices it has in the Murray Hill building, sources told The Real Deal.

The medical facility inked a 14-year renewal for the space spread across five floors in the 120,000-square-foot building. One of those floors was on the market with an asking rent of $70 per square foot, a source with knowledge of the deal said.

A representative for Meyer Equities declined to comment, and representatives for NYU Langone could not be immediately reached.

Meyer Equities, led by the father-and-son team of Marty and Eric Meyer, purchased the medical building between Third and Lexington avenues in 2005 for $33.2 million. They refinanced the property last year with a $37 million loan from JPMorgan Chase, property records show.

In April, the company scored a victory against Harry Macklowe when a New York State Supreme Court judge ruled that Macklowe had no power under a right-of-first refusal agreement to purchase the home of the Children’s Aid Society at 150 East 45th Street in Midtown, which Meyer Equities had offered to buy for $28 million.

NYU Langone inked a deal in July to open a 50,000-square-foot biotech co-working center at Olmstead Properties’ 180 Varick Street in Hudson Square.