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
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