City Of New York NYPD Leases Office Space From Greenroad Capital At 27 Cliff Street

The property asset involved in this transaction is located at 27 Cliff Street in the Financial District (FiDi). The asset is an office type with a square footage of 26,000 and the asking rent set at $55 per square foot. The lease type is categorized as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $55/ft
• Square Footage: 26,000
• Address: 27 Cliff Street
• Market: FiDi
• Landlord: David Natanov - Greenroad Capital
• Tenant: City of New York - NYPD
• Brokers: Michael Rizzo & Adam Leshowitz - CBRE

Notably, Greenroad Capital, along with NYC Mayor Eric Adams and NYPD Commissioner Jessica S. Tisch, announced the grand opening of the new World Trade Center Command at this location. This building will accommodate the counterterrorism officers of the command.