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Accrete Expands Headquarters With 10-Year Lease For 13,757 Square Feet At 17 State Street

Property Image
LEASED
$72
Ryan Silverman
Matthew DeRose
+ 3

New York

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Office13,757 SF
Leased 02/25/2025
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Property Image
LEASED

Accrete Expands Headquarters With 10-Year Lease For 13,757 Square Feet At 17 State Street

17 State Street

See Similar Deals
Office13,757 SF
Leased 02/25/2025
Ryan Silverman
Matthew DeRose
+ 3
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$72
Total Square Footage:13,757 SF
Transaction Type:Lease

The property asset involved in the transaction is located at 17 State Street in the Financial District. It is an office type leased for a term of 10 years. The asking rent is set at $72 per square foot, with a lease covering 13,757 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $72/ft
  • Address: 17 State Street
  • Market: Financial District
  • Landlord: Michael Fuchs & Aby Rosen - RFR Holding
  • Tenant: Prashant Bhuyan - Accrete
  • Landlord's Rep: AJ Camhi & Ryan Silverman - RFR Realty
  • Tenant's Rep: Matthew DeRose & William Janetschek - Nomad Group
  • Lease Term: 10-year lease

Accrete has signed a lease agreement that expands its headquarters in New York. This transaction was facilitated by the representations of AJ Camhi and Ryan Silverman on behalf of the landlord, while Matthew DeRose and William Janetschek represented the tenant in the deal.

Players

Matthew DeRose
35 deals(646) 688-3158
BROKER

William Janetschek
Nomad Group
30 deals$3.8M volume
BROKER

AJ Camhi
RFR
14 deals
BROKER

Ryan Silverman
5 deals
BROKER

Michael Fuchs
RFR
25 deals$3.6B volume
LANDLORD

Aby Rosen
RFR
32 deals$5.8B volume
LANDLORD

Details

LEASED
IMAGE: Michael Fuchs, Aby Rosen, Prashant Bhuyan, AJ Camhi, Ryan Silverman, Matthew DeRose & William Janetschek DATE: 02/25/2025 ADDRESS: 17 State Street MARKET: Financial District ASSET TYPE: Office LANDLORD: Michael Fuchs & Aby Rosen - RFR Holding (@RFRRealty) TENANT: Prashant Bhuyan - Accrete (@Accrete_AI) LANDLORD'S REP: AJ Camhi & Ryan Silverman - RFR Realty TENANT'S REP: Matthew DeRose (@Datulips) & William Janetschek (@NYCsf1ne) - Nomad Group (@NomadGroup.IO) ASKING RENT: $72/ft ~ SF: 13,757 LEASE TERM: 10-year lease NOTE: Accrete has signed a 10-year lease for 13,757 square feet at 17 State Street in New York, expanding its headquarters in the Financial District.

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Deal Type
Effective Rent (Annual)

$1,135,501.83

Total Lease Value

$11,355,018.31

Net Landlord Cash Flow$1,135,501.83