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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 11 East 26th Street
- Market: NoHo, Manhattan
- Landlord: Henry Elghanayan - Rockrose Development
- Tenant: Vestal Point Capital
- Brokers: William Cohen, Ariel Harwood, Brian Goldman & Cooper Weisman - Newmark
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
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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