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48 Wall Street

CFC Signs 7-Year Lease For 13,065 Square Feet At 48 Wall Street In Manhattan
LEASEDOffice

CFC Signs 7-Year Lease For 13,065 Square Feet At 48 Wall Street In Manhattan

48 Wall Street

Building Size

13,065 SF

Asset Type

Office

Closing

Apr 15, 2026

AI

The property involved in this transaction is an office space located at 48 Wall Street in Manhattan, featuring a total area of 13,065 square feet. The lease was signed by the tenant CFC, a digital insurer, as they plan to relocate to another building in Midtown Manhattan.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Lease Term: 7 years
  • Address: 48 Wall Street
  • Market: Manhattan
  • Tenant: CFC
  • Brokers: Joseph DeRosa & Taylor Walker - CBRE

JLL represented the landlord in this transaction, while CBRE, with Joseph DeRosa and Taylor Walker as the representatives, handled the interests of the tenant. CFC is set to move to the second floor of 5 Penn, consolidating its office operations in a new location.

Players

Joseph DeRosa

CBRE

Broker

6 deals

Broker
CL
CFCL, LLCTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93