OPEN Impact Real Estate represents Nonprofit Finance Fund in 8,393 s/f lease at 880 Third Ave.
Manhattan, NY OPEN Impact Real Estate (OPEN), the largest woman-owned commercial real estate services company specializing in nonprofit real estate, said that Nonprofit Finance Fund (NFF), a leading national nonprofit community development financial institution, has signed a 10-year lease for 8,393 s/f on the 12th floor of 880 Third Ave. in Midtown.
NFF is relocating from its longtime headquarters at 5 Hanover Sq. in the Financial District, marking a transition to Midtown following a comprehensive evaluation of employee commute patterns, workplace needs and long-term operational strategy. The move was also driven in part by the planned residential conversion of its former downtown office.
OPEN Impact Real Estate’s co-founder Lindsay Ornstein, Stephen Powers and Sasha Perlov represented the tenant. Adam Rappaport of Jack Resnick & Sons represented ownership, Jack Resnick & Sons.
The new headquarters will feature a full-floor presence designed to support NFF’s mission of providing financial and advisory services to nonprofit organizations nationwide. The space includes two private outdoor terraces with Midtown views, an efficient floor plate and a flexible boardroom with a retractable wall to accommodate both large gatherings and smaller meetings.
“NFF approached this relocation with a clear, data-driven mindset, balancing mission alignment with the evolving needs of its team,” said Ornstein. “While there was a strong desire to remain downtown, Midtown ultimately offered the accessibility, efficiency and long-term value that best positions the organization for its next chapter. This was a highly strategic move that reflects how nonprofit organizations are thinking about workplace decisions today.”
The space was previously occupied by WeWork and will be adapted to create a collaborative and efficient work environment, leveraging existing installations while incorporating targeted upgrades by ownership. NFF is expected to take occupancy in November 2026.
The OPEN Impact Real Estate team guided NFF through a multi-step evaluation process, ensuring alignment with the organization’s financial goals and operational timeline during a period of transition.