Manhattan, NY Cammeby’s said that Fedcap, a nonprofit organization, has signed a new 37,760 s/f lease for its new headquarters at 39 Broadway in the Financial District. The company is now occupying the entire second and third floors of the 37-story Art Deco office tower under a six-year lease agreement, marking the largest tenancy currently in the building.
Founded more than 90 years ago, Fedcap is a global nonprofit organization that develops innovative, scalable solutions to advance economic mobility and create pathways to sustainable employment. Through workforce development, education, and vocational training, Fedcap serves individuals facing barriers to employment, including veterans and those with disabilities. The organization’s new headquarters space at 39 Broadway will support its continued growth and expanding operations in New York City.
“Organizations focused on public service and community impact increasingly see value in being located in the heart of Lower Manhattan,” said Avi Schron, principal of Cammeby’s. “Fedcap’s mission-driven work and long-standing commitment to expanding economic opportunity make them an exceptional addition to the building. With its central Financial District location and flexible full-floor layouts, 39 Broadway provides an ideal environment for organizations like Fedcap to grow their operations while remaining closely connected to the communities they serve.”
Located in the Financial District, 39 Broadway offers access to major transportation hubs, including multiple subway lines and ferry services, as well as a vibrant mix of retail, dining, and waterfront amenities. The building’s full-floor configurations, modern build-outs, natural light, and central location continue to attract a roster of tenants seeking accessibility, flexibility, and proximity to Lower Manhattan’s business and civic institutions.
This new lease underscores the continued demand for quality office space in the Financial District, highlighting the neighborhood’s enduring appeal to nonprofit and mission-driven organizations expanding their presence in New York City.
Brian Siegel of The Lawrence Group represented both parties.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,