Eco-friendly prime office with LEED Gold rating
in the Times Square South area
| REIT Name | JR REIT XXVIII |
|---|---|
| Asset | 498 Seventh Avenue |
| Location | Manhattan, New York, US |
| Size |
- B1/25F - GFA: 962,088 SF / About 27,037.7 pyeong |
| Investment Amount | KRW 189.3 billion |
| Acquisition Date | February 2022 |
| Main Tenant | 14 companies including SEIU (60.5% of total floor area) |
| WALE | About 27 years based on anchor tenant SEIU (March 2050) |
| Occupancy | 95.3% |
| ESG Certifications | LEED Gold |
| Annual Rental Income | USD 28,434,259 (as of 2023) |
About the Tenant (SEIU)
| Item | Details |
|---|---|
| Name | 1199 SEIU United Healthcare Workers East |
| Year of Establishment | 1932 |
| Founder / Union President | Leon Davis / George Gresham |
| Number of Members | 450,000people |
| Rental Area | About 60.5% |
View of 498 Seventh Avenue
View Location
- The property is conveniently located at the intersection of W 37th Street and 7th Avenue with Times Square to the north, the Empire State Building to the east and attractions such as the Museum of Modern Art and Central Park just minutes away.
Privacy PolicyJR Global REIT
(21F, Pine Avenue Building B, Eulji-ro 2-ga) 100 Eulji-ro, Jung-gu, Seoul, Republic of KoreaTEL (+82) 2-2008-7060 FAX (+82) 2-2008-7099
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