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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 45 West 45th Street
- Market: Manhattan
- Lease Term: 10-year lease
- Landlord: AFIAA
- Tenant: Raiden Electric
- Landlord's Representative: Harley Dalton, Pierce Hance & Samantha Perlman - Cushman & Wakefield
- Tenant's Representative: Patrick Steffens, Martin Cottingham & Michael Gottlieb - Avison Young
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
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