Oppenheimer & Co. Leases 220,000 Square Feet At 32 Old Slip In Financial District
32 Old Slip
Building Size
220,000 SF
Asset Type
Office
Closing
Nov 9, 2026
About this deal
AI
32 Old Slip is located in the Financial District, offering 220,000 square feet of office space across six floors. The property is managed by RXR Realty, known for its strategic positioning in a vibrant market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 220,000 SF
- Address: 32 Old Slip
- Market: Financial District
- Landlord: Scott Rechler - RXR Realty
- Tenant: Oppenheimer & Co.
- Landlord's Representative: Daniel Birney & Heidi Steinegger - RXR Realty
- Tenant's Representative: Matthew Astrachan, Mitchell Konsker & Steven Bauer - JLL
Oppenheimer & Company is set to relocate its headquarters from 2 Wall Street to this new space by early 2028. This lease marks a significant move for the tenant, facilitated by representatives from JLL, who played a crucial role in the negotiation process alongside RXR Realty’s representatives.
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