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24 Whitehall Street

Bill Rudin Of Rudin Management Company Leases Office Space To New York City Independent Budget Office
LEASEDOffice

Bill Rudin Of Rudin Management Company Leases Office Space To New York City Independent Budget Office

24 Whitehall Street

Building Size

18,765 SF

Asset Type

Office

Closing

Feb 11, 2026

AI

The property asset involved in this transaction is an office located at 24 Whitehall Street in the Financial District. The asset encompasses a total of 18,765 square feet and is part of a long-term lease agreement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 24 Whitehall Street
  • Market: Financial District
  • Asset Size: 18,765 square feet
  • Landlord: Bill Rudin - Rudin Management Company
  • Tenant: New York City Independent Budget Office
  • Lease Term: 21-year lease
  • Brokers: Sean Wilson & Jonathan Cope - CBRE

Bill Rudin secured the New York City Independent Budget Office as a new tenant at One Battery Park Plaza, with the agency transitioning from the previous location at 110 William Street to this new site.

Players

Jonathan Cope

CBRE

Broker

$116.1M

vol

15 deals

Broker
Rudin Management Company
Rudin Management CompanyLandlord

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