Israel Discount Bank inks 20-year lease with Brookfield Properties

Israel Discount Bank Of New York, as tenant, signed a memorandum of lease with landlord Brookfield Properties through its entity 1114 6th Avenue Owner LLC for 1 parcel, including the tax class tower-type office building (O4) at 1114 Avenue Of The Americas in Grand Central. The memorandum was signed on June 18, 2019 and was recorded on August 20, 2019
The property contains a total of 1,517,497 square feet of built space.
The 20-year lease covers a portion of the ground floor, all of the second, eighth and ninth floors and a portion of the 10th floor. The lease was signed June 18, 2019 and is set to begin January 1, 2021.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 30, 2012.
Over the past five years, there have been 130 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $125,000. There were 128 renovation/alteration projects (A2) applied for with a total estimated value of $61,096,381.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link