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
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