facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

32 Old Slip

Michael S. Lamonsoff Expands Office Lease At 32 Old Slip In Financial District For $60/ft
LEASEDOffice

Michael S. Lamonsoff Expands Office Lease At 32 Old Slip In Financial District For $60/ft

32 Old Slip

$60

$60/SF

Building Size

20,141 SF

Asset Type

Office

Closing

Jul 25, 2025

AI

32 Old Slip, located in the Financial District, is an office asset where the Law Offices of Michael S. Lamonsoff has renewed and expanded its lease. The property spans 20,141 square feet on the eighth floor at an asking rent of $60 per square foot.

Summary of transaction details:

This transaction involved key individuals and firms including Ryan Alexander, Zachary Price, Alex Benisatto, and Nicole Marshall representing the landlord at CBRE, alongside Bill Elder, Daniel Birney, and Heidi Steinegger from RXR. Sean Black represented the tenant, Michael S. Lamonsoff, in this 10-year lease agreement.

Players

Alex Benisatto

CBRE

Broker

3 deals

Broker
CBRE
CBREBrokerage
RXR Realty
RXR RealtyBrokerage
Scott Rechler

Scott Rechler

RXR Realty

Landlord

$9.1B

vol

24 deals

Landlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93