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32 Old Slip

Harris Law Signs Lease For Office Space At 32 Old Slip In Manhattan's Financial District
LEASEDOffice

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:

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

Alex Benisatto

CBRE

Broker

3 deals

Broker
RXR Realty
RXR RealtyLender
RXR Realty
RXR RealtyLandlord

Daniel Birney

RXR Realty

Landlord

5 deals

Landlord

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