Warren Equity Partners Leases Office Space At 11 East 26th Street For 13 Years
11 East 26th Street
$145
$145/SF
Building Size
24,199 SF
Asset Type
Office
Closing
Jun 25, 2025
AI
The property asset involved in this lease transaction is located at 11 East 26th Street in the Flatiron District. The asset type is an office space encompassing a total of 24,199 square feet across two floors. The asking rent for the lease was set at $145 per square foot.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $145/ft
- Lease Duration: 13 years, 5 months
- Landlord: Henry Elghanayan - Rockrose
- Tenant: Steven Wacaster - Warren Equity Partners
- Landlord's Representative: Ariel Harwood & William Cohen - Newmark
- Tenant's Representative: Benjamin Friedland, Gary Davies & Owen Reda - CBRE
- Market: Flatiron District
- Square Footage: 24,199
The deal reflects Warren Equity Partners' decision to relocate its New York City office, bringing them closer to Madison Square Park. The involved representatives from both sides played a crucial role in facilitating the transaction, ensuring the lease was executed smoothly.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
109400.00%
Cash-on-Cash
-31266.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93