Electra USA Leases 25,331 Square Feet At SL Green's 10 East 53rd Street In Manhattan
10 East 53rd Street
Building Size
25,331 SF
Asset Type
Office
Closing
Nov 13, 2025
AI
10 East 53rd Street is an office asset located in Manhattan, featuring a total square footage of 25,331. The property serves as the new location for Electra USA.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 10 East 53rd Street
- Market: Manhattan
- Landlord: Marc Holliday - SL Green
- Tenant: Sharon Novak - Electra USA
- Lease Term: 10-years
The brokers involved in this transaction are Patrick Dugan, Joseph Cirone, and Zachary Price from CBRE. Electra USA is relocating from 106 West 56th Street to this new address, marking a significant move within Midtown Manhattan.
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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