BFC Partners Signs 10-Year Lease At 17 State Street In Financial District With Landlord Aby Rosen
17 State St New York
Building Size
13,758 SF
Asset Type
Office
Closing
Mar 23, 2026
AI
The property asset involved in this transaction is a 13,758-square-foot office space located at 17 State Street in the Financial District of Lower Manhattan. The lease was signed by BFC Partners for a 10-year term.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 17 State Street
- Market: Financial District
- Landlord: Aby Rosen - RFR
- Tenant: BFC Partners
- Landlord's Representatives: AJ Camhi, Paul Milunec, Ryan Silverman - RFR; Mitchell Konsker, John Wheeler, Andrew Coe, Margaux Kelleher - JLL
- Tenant's Representatives: Ron Lo Russo, Harley Dalton, Peter Kerans - Cushman & Wakefield
- Lease Term: 10 years
The key individuals involved in the deal include Aby Rosen, representing the landlord RFR, and the representatives for BFC Partners, which include Ron Lo Russo, Harley Dalton, and Peter Kerans from Cushman & Wakefield. The landlord's representatives encompass AJ Camhi, Paul Milunec, and Ryan Silverman from RFR, as well as Mitchell Konsker, John Wheeler, Andrew Coe, and Margaux Kelleher from JLL.
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