Slarskey Signs 13-Year Lease For 12278 Square Feet At 825 3rd Avenue In Midtown East
825 3rd Avenue
Building Size
12,278 SF
Asset Type
Office
Closing
Dec 8, 2025
AI
The property asset involved in this transaction is located at 825 3rd Avenue, in the Midtown East market. The asset is classified as an office space, with a total area of 12,278 square feet. The transaction involves a lease agreement, and the tenant is relocating from a nearby office location.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 825 3rd Avenue
- Market: Midtown East
- Lease Term: 13 years
- Landlord: Jody Durst - Durst Organization
- Tenant: David Slarksey - Slarskey
- Landlord's Representative: Tom Bow, Ashlea Aaron & Bailey Caliban - Durst Organization
- Tenant's Representative: David Hoffman, Sam Hoffman, Sayo Kamara - Cushman & Wakefield
The lease agreement was signed by the New York-based law firm Slarskey, which will occupy the 32nd floor of the building. The firm is moving two blocks north from their previous location at 767 Third Avenue. This move represents a strategic relocation for the law firm within the Midtown East area.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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