Chanel Leases Office Space At 26 East 64th Street Manhattan For 7 Years At $100/ft
26 East 64th Street
$100
$100/SF
Building Size
1,700 SF
Asset Type
Office
Closing
Mar 26, 2026
AI
This office asset is located at 26 East 64th Street in Manhattan, with a total square footage of 1,700. The asking rent for this property is set at $100 per foot, and it operates under a modified gross lease agreement for a term of 7 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100/ft
- Square Footage: 1,700
- Address: 26 East 64th Street
- Market: Manhattan
- Landlord: Demie Sabanci & Derek Gilchrist
- Tenant: Chanel
- Landlord's Representative: Josh Augenbaum - Augenbaum Realty
- Lease Term: 7 Years
- Lease Type: Modified Gross Lease
The transaction involves notable individuals such as landlord representatives Demie Sabanci and Derek Gilchrist, with Josh Augenbaum from Augenbaum Realty representing the landlords in the negotiation with the tenant, Chanel.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93