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New York State OTDA Leases 45,000 SF At 26 Broadway Financial District
LEASED
New York
See Similar DealsOffice45,000 SF
Leased 02/14/2024
LEASED
New York State OTDA Leases 45,000 SF At 26 Broadway Financial District
26 Broadway
See Similar DealsOffice45,000 SF
Leased 02/14/2024
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,579,372.85
Total Lease Value
$25,793,728.45
Net Landlord Cash Flow$2,579,372.85
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