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155 West 23rd Street

Harmonic AI Leases Office At 155 West 23rd Street In Chelsea For $88 Per Foot
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:

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

Eric Siegel

LSL Advisors

Broker

$96M

vol

58 deals

Broker
HP
Hillspire & MCRE PartnersLandlord
HA
Harmonic AITenant

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

180261.36%

Cash-on-Cash

-51519.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93