Kroll Bond Rating Agency Leases 121000 Square Feet Office At 51 West 52nd Street
51 West 52nd Street
Building Size
121,000 SF
Asset Type
Office
Closing
Jan 16, 2026
About this deal
AI
The property involved in this lease transaction is an office space with an area of 121,000 square feet located at 51 West 52nd Street in Manhattan. This asset is part of the Black Rock tower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Jordan E. Slone - Harbor Group International
- Tenant: Kroll Bond Rating Agency
- Previous Location of Tenant: 805 Third Avenue, 95,000 square feet
- Planned Move Date: Fall 2026
This transaction represents Kroll Bond Rating Agency's relocation of its global headquarters, indicating a strategic expansion from their prior location. The landlord, Jordan E. Slone, is associated with Harbor Group International in this lease agreement.
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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