Commonfund Leases 11,816 Square Feet At 825 Third Avenue From Durst Organization
825 3rd Avenue
Building Size
11,816 SF
Asset Type
Office
Closing
Jun 29, 2026
AI
The asset involved in the transaction is an office space located at 825 3rd Avenue in Manhattan. The office encompasses 11,816 square feet, specifically occupying the entire 22nd floor. Commonfund has relocated its New York City office to this location after moving from Park Avenue.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 825 3rd Avenue
- Market: Manhattan
- Landlord: Durst Organization
- Tenant: Commonfund
- Landlord's Representative: Tom Bow, Ashlea Aaron, Bailey Caliban & Sayo Kamara - The Durst Organization
- Tenant's Representative: David Rosenbloom & Steve Baker - Cushman & Wakefield
The transaction features key individuals including representatives from The Durst Organization and Cushman & Wakefield, facilitating the deal. The landlord's team consists of Tom Bow, Ashlea Aaron, Bailey Caliban, and Sayo Kamara, while the tenant's representatives are David Rosenbloom and Steve Baker.
Players
Caledonia 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