New York City Human Resources Administration Extends Lease For 174,186 Square Feet At 260 11th Avenue
260 11th Avenue
Building Size
174,186 SF
Asset Type
Office
Closing
Sep 2, 2026
About this deal
AI
The asset involved in this transaction is located at 260 11th Avenue in Midtown South, Manhattan. It is classified as an office property, encompassing a total of 174,186 square feet. The landlord is Steven Roth, representing Vornado Realty Trust, while the tenant is the New York City Human Resources Administration, which occupies the entire space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease extension
- Landlord: Steven Roth - Vornado Realty Trust
- Tenant: New York City Human Resources Administration
- Lease Terms: 18-month extension
- Market: Midtown South, Manhattan
DCAS negotiated the 18-month lease extension on behalf of the New York City Human Resources Administration. Vornado Realty Trust has not provided comments regarding this transaction, and the brokerage representation for the landlord remains unclear.
On the Map
Office
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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