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:
- Property Type: Office
- Transaction Amount: $60/ft
- Square Footage: 20,141
- Address: 32 Old Slip
- Market: Financial District
- Landlord: Scott Rechler - RXR
- Tenant: Michael S. Lamonsoff
- Landlord's Representatives: Ryan Alexander, Zachary Price, Alex Benisatto, Nicole Marshall - CBRE; Bill Elder, Daniel Birney, Heidi Steinegger - RXR
- Tenant's Representative: Sean Black - Black
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
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93