Turner Construction Signs Lease With David A. Brause For 9,275 Sq. Ft. Office In Manhattan
52 Vanderbilt Avenue
Building Size
9,275 SF
Asset Type
Office
Closing
Dec 4, 2025
About this deal
AI
The property is located at 52 Vanderbilt Avenue in Manhattan, featuring a total area of 9,275 square feet designated as office space. This lease transaction involves the entire 12th floor of the asset.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Date: 12/04/2025
- Landlord: David A. Brause - Brause Realty
- Tenant: Turner Construction
- Brokers: Mitchell Arkin, Kelli Berke & Joshua Branham - Cushman & Wakefield
Turner Construction has signed a lease to establish a new field office close to 343 Madison Avenue, reflecting strategic location choices in their operations. The transaction was facilitated by brokers Mitchell Arkin, Kelli Berke, and Joshua Branham, representing the landlord and tenant throughout the process.
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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