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52 Vanderbilt Avenue

Turner Construction Signs Lease With David A. Brause For 9,275 Sq. Ft. Office In Manhattan
LEASEDOffice

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

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.

Players

Mitchell Arkin

Cushman & Wakefield

Broker

9 deals

Broker

David A. Brause

Brause Realty

Landlord

$40.4M

vol

4 deals

Landlord

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