Eaglestone Signs 10-Year Lease For Office Space In Midtown Manhattan
55 Broad Street
$58
$58/SF
Building Size
20,955 SF
Asset Type
Office
Closing
Nov 7, 2023
About this deal
AI
The Feil Organization, represented by Andrew Wiener & Randall Briskin, leased a 20,955-square-foot office space located at 55 Broad Street in the Financial District, Manhattan. The lease was signed with Eaglestone, an infrastructure contracting firm, which is relocating its main offices from the Financial District to Midtown. The lease term is for 10 years and the asking rent was $58 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 55 Broad Street
- Market: Financial District, Manhattan
- Landlord: Andrew Wiener & Randall Briskin - The Feil Organization
- Tenant: Eaglestone
- Square Footage: 20,955
- Asking Rent: $58 per square foot
Eaglestone, an infrastructure contracting firm, will be relocating its main offices from the Financial District to Midtown, signing a 10-year lease for the 20,955-square-foot space at 551 Fifth Avenue.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
273500.00%
Cash-on-Cash
-78167.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93