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825 3rd Avenue

Slarskey Signs 13-Year Lease For 12278 Square Feet At 825 3rd Avenue In Midtown East
LEASEDOffice

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

Tom Bow

Durst Organization

Broker

8 deals

Broker

Jody Durst

Durst Organization

Landlord

11 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