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199 Water Street

Ryan Eisenman Of Arch Inc. Leases 73,581 Square Feet At 199 Water Street In Manhattan
LEASEDOffice

Ryan Eisenman Of Arch Inc. Leases 73,581 Square Feet At 199 Water Street In Manhattan

199 Water Street

Building Size

73,581 SF

Asset Type

Office

Closing

Dec 7, 2025

AI

The property involved in this lease transaction is an office space located at 199 Water Street, Manhattan. It encompasses a total square footage of 73,581. The lease marks a significant move for Arch Inc. as they transition from their previous location at 111 East 18th Street in Midtown South.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 199 Water Street
  • Market: Manhattan
  • Landlord: Jonathan Resnick - Jack Resnick & Sons
  • Tenant: Ryan Eisenman - Arch Inc
  • Former Tenant Location: 111 East 18th Street

In this transaction, Jonathan Resnick represents the landlord, Jack Resnick & Sons, while Ryan Eisenman represents the tenant, Arch Inc. This lease is recorded as one of Downtown’s largest in early 2026, indicating a strategic move for the tenant's growth.

Players

Jack Resnick & Sons
Jack Resnick & SonsLandlord

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