Greenberg Traurig Signs 10.5-Year Lease For 33,477 SF At One Vanderbilt In Manhattan
1 Vanderbilt Avenue
Building Size
33,477 SF
Asset Type
Office
Closing
Sep 16, 2026
About this deal
AI
1 Vanderbilt Avenue is an office asset located in Manhattan, featuring a total square footage of 33,477. The lease transaction involved a significant commitment, reflecting its standing in the competitive Midtown market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Terms: 10.5 years
- Landlord: Marc Holliday - SL Green
- Tenant: Greenberg Traurig
- Brokers: Michael Monahan & Mark Ravesloot - CBRE
Michael Monahan and Mark Ravesloot from CBRE played a key role in brokering the deal, ensuring that One Vanderbilt remains fully leased. As a result of this lease, Greenberg Traurig expanded its total footprint to 133,365 square feet within SL Green Realty's Midtown tower.
On the Map
Office
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Players
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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