Kaufman Leases 5K SF to Cyber Insurance Firm At-Bay

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The Kaufman Organization has a new tenant at 19 West 24th Street with At-Bay signing on for 5,000 square feet, the landlord announced.

The cyber insurance provider leased the entire eighth floor of the 12-story Flatiron District building, according to Kaufman. The landlord didn’t disclose the length of the lease, but said the asking rent was $72 per square foot.

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Michael Heaner and Grant Greenspan represented Kaufman in-house while Sebastian Infante and Jamie Katcher of Cushman & Wakefield, who have since left the firm for Raise Commercial Real Estate, represented the tenant in the transaction.  

“19 West 24th Street is a highly sought out building due to its newly renovated mechanics, vibrant lobby, technological advances and easily commutable location in Flatiron,” Heaner said in a statement. “For At-Bay, this location offered a space that could support its growing business and serve as the company’s New York office as well as provide employees with a sense of warmth, creativity and culture when entering the building.”

This will be At-Bay’s first New York office.

The property, between Fifth Avenue and Avenue of the Americas, was built in 1910. It has new plumbing as well as electric and heating systems and is part of Kaufman Organization’s Madison Square Portfolio.

C&W declined to comment.

Kaufman has been investing in its Midtown South portfolio over the course of the pandemic. That has included giving the century-old Haymarket Building in Chelsea a $35 million mid-century modern makeover.

The family-operated commercial landlords also recently signed Morning Brew to 37,650 square feet at 22 West 19th Street, also known as The Cluett Building, in February.

Mark Hallum can be reached at mhallum@commercialobserver.com.