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11 East 26th Street

Updated Sep 4, 2026

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LEASEDOffice

Vestal Point Capital Signs 12,139 Square Foot Lease At 11 East 26th Street New York

11 East 26th Street

Building Size

12,139 SF

Asset Type

Office

Closing

Sep 2, 2026

About this deal

AI

11 East 26th Street, located in the NoHo market of Manhattan, consists of an office space totaling 12,139 square feet. This property, under the management of Rockrose Development, is the new office location for Vestal Point Capital, which is taking over the entire 12th floor.

Summary of transaction details:

The transaction involved key figures including landlord Henry Elghanayan, representing Rockrose Development, and tenant Vestal Point Capital, which is relocating from its previous office space at 632 Broadway. The deal was facilitated by brokers William Cohen, Ariel Harwood, Brian Goldman, and Cooper Weisman, all affiliated with Newmark.

Players

Cooper Weisman

Newmark

Broker

8 deals

Broker
Vestal Point Capital
Vestal Point CapitalBuyer

Henry Elghanayan

Rockrose Development

Landlord

$366.3M

vol

9 deals

Landlord

New York 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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