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22 Cortlandt Street

Dandy Leases 37,400 Sq. Ft. Office From Mayore Estates At 22 Cortlandt Street Manhattan
LEASEDOffice

Dandy Leases 37,400 Sq. Ft. Office From Mayore Estates At 22 Cortlandt Street Manhattan

22 Cortlandt Street

Building Size

37,400 SF

Asset Type

Office

Closing

Jan 20, 2026

AI

The property involved in this transaction is an office asset located at 22 Cortlandt Street in Manhattan, with a total square footage of 37,400. The lease was signed for a duration of seven years, establishing a permanent headquarters for the tenant.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 22 Cortlandt Street
  • Market: Manhattan
  • Landlord: Mayore Estates
  • Tenant: Dandy
  • Brokers: Peter Johnson & Alexis Odgers - Avison Young

Dandy, a dental tech company, has secured its first permanent headquarters through this lease, marking a significant step in its operational strategy. The brokers representing the parties in this transaction are Peter Johnson and Alexis Odgers from Avison Young.

Players

Peter Johnson

Avison Young

Broker

3 deals

Broker
Avison Young
Avison YoungBrokerage
Dandy
DandyTenant

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