facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

885 3rd Avenue

Fox Horan & Camerini Leases 19,200 Square Feet At SL Green’s Lipstick Building In Midtown Manhattan
LEASEDOffice

Fox Horan & Camerini Leases 19,200 Square Feet At SL Green’s Lipstick Building In Midtown Manhattan

885 3rd Avenue

Building Size

19,200 SF

Asset Type

Office

Closing

Oct 16, 2025

AI

The lease transaction involved an office asset located at 885 3rd Avenue in Midtown Manhattan. The entire 17th floor, encompassing a total of 19,200 square feet, was leased by Fox Horan & Camerini from SL Green, represented by Marc Holliday.

Summary of transaction details:

This deal features a long-term commitment, with Fox Horan & Camerini signing an 11.5-year lease. The involvement of multiple brokers from Newmark highlights the collaboration in securing this lease agreement within a prominent New York City real estate market.

Players

Brian Waterman

Newmark

Broker

$300.4M

vol

30 deals

Broker
SL Green
SL GreenLandlord

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