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
About this deal
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.
On the Map
Office
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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