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475 Riverside Drive

LEASEDOffice

Graham Windham Signs Five-Year Lease For 9,833-Square-Foot Office At 475 Riverside Drive

475 Riverside Drive

$29

$29/SF

Building Size

9,833 SF

Asset Type

Office

Closing

Jul 14, 2026

AI

The property asset involved in this transaction is an office space located at 475 Riverside Drive in the Morningside Heights market. The asset is approximately 9,833 square feet and has an asking rent of $29 per square foot.

Summary of transaction details:

This transaction sees Graham Windham, a nonprofit organization focused on serving children and families, relocating its headquarters to the Interchurch Center at the specified address. The deal was facilitated by brokers Stephen Powers, Alexander Smith, and Isabella Marcellino, representing the interests of the tenant.

Players

Stephen Powers

OPEN Impact Real Estate

Broker

$55.8M

vol

15 deals

Broker

Graham Windham

Tenant

2 deals

Tenant

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

547000.00%

Cash-on-Cash

-156334.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93