LEASEDOffice
Harmonic AI Leases Office At 155 West 23rd Street In Chelsea For $88 Per Foot
155 West 23rd Street
$88
$88/SF
Building Size
20,799 SF
Asset Type
Office
Closing
Aug 3, 2026
AI
The property asset is located at 155 West 23rd Street in the Chelsea market of Manhattan. It consists of office space amounting to 20,799 square feet with an asking rent of $88 per square foot. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $88/ft
- Square Footage: 20,799
- Address: 155 West 23rd Street
- Market: Chelsea, Manhattan
- Landlord: MCRE Partners
- Tenant: Harmonic AI
- Landlord's Representative: Clint Dewey, Aidan Campbell & Michael Joseph - Colliers
- Tenant's Representative: Eric Siegel & Sara Benz - LSL Advisors
The deal engages several key individuals and agencies. The landlord's representatives are Clint Dewey, Aidan Campbell, and Michael Joseph from Colliers, while the tenant is represented by Eric Siegel and Sara Benz from LSL Advisors. This collaboration outlines the strategic maneuvers between the involved parties in the leasing of the office space.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93