Jordan E. Slone Of Harbor Group International Leases Office Space To Inclusiv At 55 Broadway
55 Broadway
Building Size
10,986 SF
Asset Type
Office
Closing
Mar 6, 2025
About this deal
AI
The office asset located at 55 Broadway in the Manhattan market encompasses a total of 10,986 square feet, leased by Inclusiv on the 29th floor. The asking rent for this space was set at $65 per square foot, with a lease term established for 10 years.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $65/ft
- Square Footage: 10,986
- Address: 55 Broadway
- Market: Manhattan
- Landlord: Jordan E. Slone - Harbor Group International
- Tenant: Cathie Mahon - Inclusiv
- Landlord's Representative: Bradley Gerla, Hayden Pascal & Jonathan Cope - CBRE
- Tenant's Representative: Thomas Kaufman - Avison Young
- Lease Term: 10 years
In addition to the lease to Inclusiv, Harbor Group International also secured a renewal of 10,557 square feet with CSA Group NY Architects & Engineers on the 14th floor, also for a duration of 10 years.
On the Map
Office
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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