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New York State OTDA Leases 45,000 SF At 26 Broadway Financial District

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LEASED

New York

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Office45,000 SF
Leased 02/14/2024
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LEASED

New York State OTDA Leases 45,000 SF At 26 Broadway Financial District

26 Broadway

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Office45,000 SF
Leased 02/14/2024
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:45,000 SF
Transaction Type:Lease

The Office of Temporary and Disability Assistance (OTDA) has signed a 10-year lease for 45,000 square feet on the 15th floor of the Standard Oil Building located at 26 Broadway in the Financial District, Manhattan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 26 Broadway
  • Market: Financial District, Manhattan
  • Landlord: Joseph Chetrit - Chetrit Group
  • Tenant: New York State Office of Temporary and Disability Assistance (OTDA)
  • Landlord's Representative: Howard Kesseler - Newmark
  • Tenant's Representative: Gary Kamenetsky - CBRE

Howard Kesseler from Newmark represented the landlord, Joseph Chetrit of Chetrit Group, while Gary Kamenetsky from CBRE represented the tenant, OTDA, in the lease agreement.

Players

Howard Kesseler
11 deals$37.3M volume
BROKER

Details

LEASED
IMAGE: Howard Kesseler, Joseph Chetrit & Gary Kamenetsky DATE: 02/14/2024 ADDRESS: 26 Broadway MARKET: Financial District, Manhattan ASSET TYPE: Office ~ SF: 45,000 LANDLORD: Joseph Chetrit - Chetrit Group TENANT: New York State Office of Temporary and Disability Assistance (OTDA) LANDLORD'S REP: Howard Kesseler - Newmark TENANT'S REP: Gary Kamenetsky - CBRE LEASE TERM: 10-year lease NOTE: The New York State Office of Temporary and Disability Assistance (OTDA) will move its downstate offices to 26 Broadway in the Financial District, signing a 10-year lease for 45,000 square feet on the 15th floor of the Standard Oil Building.

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Deal Type
Effective Rent (Annual)

$2,579,372.85

Total Lease Value

$25,793,728.45

Net Landlord Cash Flow$2,579,372.85