Harris Law Signs Lease For Office Space At 32 Old Slip In Manhattan's Financial District
32 Old Slip
$65
$65/SF
Building Size
4,306 SF
Asset Type
Office
Closing
Sep 21, 2023
AI
32 Old Slip is located in the Financial District of Lower Manhattan, designated as office space. The asset features a total square footage of 4,306 square feet, with an asking rent set at $65 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65/ft
- Address: 32 Old Slip
- Market: Financial District, Lower Manhattan
- Landlord: Daniel Birney & Alexandra Budd - RXR
- Tenant: Harris Law
- Landlord's Rep: Alex Benisatto, Justin Greenston, Ryan Alexander & Zachary Price - CBRE
- Tenant's Rep: David Waterman & Kevin Sullivan - Newmark
- Square Footage: 4,306
Harris Law, a personal injury law firm, has finalized a lease agreement for the office space. The transaction was coordinated between RXR and the firm. The representatives from CBRE facilitating the landlord's side included Alex Benisatto, Justin Greenston, Ryan Alexander, and Zachary Price, while David Waterman and Kevin Sullivan from Newmark represented the tenant.
Players
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93