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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Square Footage: 19,200
- Address: 885 3rd Avenue
- Market: Midtown Manhattan
- Landlord: Marc Holliday - SL Green
- Tenant: Fox Horan & Camerini
- Brokers: Chris Mongeluzo, Corey Borg, Brian Waterman, Kevin Sullivan & David Waterman - Newmark
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.
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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