Order.co Subleases 12,134 Square Feet Office Space At 11 East 26th Street From Activate Consulting
11 East 26th Street
Building Size
—
Asset Type
Office
Closing
Feb 5, 2026
AI
The property asset involved in the transaction is an office space located at 11 East 26th Street in the NoMad market. The lease facilitated the subleasing of 12,134 square feet by Order.co from Activate Consulting, which had previously expanded its space to a total of 24,144 square feet within the same Rockrose-owned building.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 11 East 26th Street
- Market: NoMad
- Landlord: Henry Elghanayan - Rockrose Development
- Tenant: Order.co
- Brokers: Sam Stein - Kaufman Organization & William G Cohen - Newmark
Key individuals involved in the transaction include Henry Elghanayan, who represents the landlord, Rockrose Development. Sam Stein from Kaufman Organization and William G Cohen from Newmark represented the brokerage side of the deal.
Players
New York 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