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26 East 64th Street

Chanel Leases Office Space At 26 East 64th Street Manhattan For 7 Years At $100/ft
LEASEDOffice

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

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker
N
N/ALandlord

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