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45 West 45th Street

Raiden Electric Leases 6,577 Square Feet At 45 West 45th Street For 10 Years
LEASEDOffice

Raiden Electric Leases 6,577 Square Feet At 45 West 45th Street For 10 Years

45 West 45th Street

Building Size

6,577 SF

Asset Type

Office

Closing

Apr 15, 2026

AI

The property involved in this transaction is an office asset located at 45 West 45th Street in Manhattan. The total square footage of the office space is 6,577, and it is being leased by Raiden Electric, who has taken the full 15th floor of the building.

Summary of transaction details:

Raiden Electric's new lease is part of a relocation and expansion strategy from their previous location at 11 Broadway. The representatives involved in the leasing process include Harley Dalton, Pierce Hance, and Samantha Perlman representing AFIAA, and Patrick Steffens, Martin Cottingham, and Michael Gottlieb representing Raiden Electric.

Players

Martin Cottingham

Avison Young

Broker

$90.5M

vol

9 deals

Broker
 AFIAA
AFIAALandlord
Raiden Electric
Raiden ElectricTenant

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