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10 East 53rd Street

Electra USA Leases 25,331 Square Feet At SL Green's 10 East 53rd Street In Manhattan
LEASEDOffice

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.

Players

Patrick Dugan

Cushman & Wakefield

Broker

$180M

vol

9 deals

Broker
CBRE
CBREBrokerage
Marc Holliday

Marc Holliday

SL Green

Landlord

$9.6B

vol

40 deals

Landlord
SL Green
SL GreenLandlord

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