Reckoner Capital Management Leases 12,124 Square Feet Office At 11 East 26th Street In Manhattan
11 East 26th Street
Building Size
12,124 SF
Asset Type
Office
Closing
Mar 12, 2025
AI
The property asset involved in the transaction is located at 11 East 26th Street in Manhattan. This office space encompasses 12,124 square feet, which will serve as the headquarters for Reckoner Capital Management as they establish their first office in New York City.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 11 East 26th Street
- Market: Manhattan
- Landlord: Henry Elghanayan - Rockrose Development
- Tenant: John Kim - Reckoner Capital Management
- Brokers: Ariel Harwood, Neil Goldmacher & William Cohen - Newmark
This lease marks a significant move for Reckoner Capital Management, highlighting their expansion into the New York City market. The landlords, represented by Henry Elghanayan, play a pivotal role in the execution of this leasing agreement.
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