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825 3rd Avenue

Updated Oct 8, 2026

LEASEDOffice

Lorient Leases 5,556 Square Feet At 825 Third Avenue Manhattan With Durst Organization As Landlord

825 3rd Avenue

Building Size

5,556 SF

Asset Type

Office

Closing

Oct 7, 2026

About this deal

AI

The asset involved in this transaction is an office space located at 825 3rd Avenue in Manhattan, covering 5,556 square feet. The lease was signed by Lorient, a health care-focused investment firm, for its first office in New York City.

Summary of transation details:

This lease represents a significant movement for Lorient within the New York City market, facilitated by the expertise of their representatives from Lee & Associates. The involvement of the Durst Organization and its representatives indicates a professional collaboration in securing the office space for the tenant.

On the Map

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Office

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Players

Dennis Someck

Lee & Associates

Broker

28 deals

Broker
Lorient
LorientBuyer

Jonathan Durst

Durst Organization

Landlord

4 deals

Landlord
Lorient
LorientTenant
Bilt advertisement

Caledonia Office Market Snapshot

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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

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