Assets
Office · New York

PENN 2 (Two Penn Plaza)

—, New York
Partial
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Current value
$1.20B
▲ 0.0% 1-yr (modeled)
Cap rate
Free account
Value $/SF
$667
$964.8M$1.03B$1.09B$1.16B$1.23B201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership chain & debt stack
Owner of record: Vornado Realty Trust.
1 recorded holder · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
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Tenants & leasing

Tenant roster & leasing
5 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
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Underwriting

Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
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Provenance footnotes

  1. Current value: Estimated — no sourced claim on file.
  2. $/SF: Estimated — no sourced claim on file.
  3. GLA: Estimated — no sourced claim on file.
  4. Ownership — Vornado Realty Trust: Single source — vno.com · https://www.vno.com/office/property/penn-2/3311675/landing

Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.

Anchoring begins when the asset enters the live ledger.