Fincadia Leases 12,750 SF Office Space At 32 Old Slip From RXR In Financial District
32 Old Slip
Building Size
12,500 SF
Asset Type
Office
Closing
Jul 20, 2026
AI
The property located at 32 Old Slip in the Financial District is an office asset encompassing a total area of 12,750 square feet. This lease transaction involves a modified gross lease agreement. The landlord for this property is RXR, while Fincadia is the tenant occupying the space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Type: Modified Gross Lease
- Landlord: RXR
- Tenant: Fincadia
- Landlord's Representative: Alex Benisatto, Ryan Alexander, Zachary Price & Nicole Marshall - CBRE
- Tenant's Representative: Francis Leung & Christopher Okada - Okada & Company
The successful negotiation of this lease involved key representatives from both parties. The landlord's representation was provided by Alex Benisatto, Ryan Alexander, Zachary Price, and Nicole Marshall from CBRE. On the tenant's side, the transaction was facilitated by Francis Leung and Christopher Okada from Okada & Company.
Players
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