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1 Battery Park Plaza

SFA Agency Signs 10-Year Lease Extension At 1 Battery Park Plaza In Midtown Manhattan
LEASEDOffice

SFA Agency Signs 10-Year Lease Extension At 1 Battery Park Plaza In Midtown Manhattan

Building Size

5,170 SF

Asset Type

Office

Closing

Jun 16, 2026

AI

The asset involved in this transaction is an office property located at 1 Battery Park Plaza in Midtown Manhattan. SFA Agency has signed a lease extension for a total of 14,071 square feet of space, which includes an expansion of 5,170 square feet. The tenant will be relocating within the building from the 33rd floor to the 25th floor, with the lease extension encompassing a term of 10 years.

Summary of transaction details:

This transaction involves key representatives including Michael Rudin from Rudin Management Company, who serves as the landlord, alongside the appointed brokers Kevin Daly from Rudin Management Company and Scott Vinett from Savills. The strategic decision by SFA Agency to expand their footprint signifies an important shift in their operations within the Midtown Manhattan office market.

Players

Kevin Daly

Rudin Management Company

Broker

3 deals

Broker
Michael Rudin

Michael Rudin

Rudin Management Company

Landlord

$2.1B

vol

23 deals

Landlord
SA
SFA AgencyTenant

Market Office Market Snapshot

Boundary boundary · Office · 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