facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

55 Broadway

Jordan E. Slone Of Harbor Group International Leases Office Space To Inclusiv At 55 Broadway
LEASEDOffice

Jordan E. Slone Of Harbor Group International Leases Office Space To Inclusiv At 55 Broadway

55 Broadway

$65

$65/SF

Building Size

10,986 SF

Asset Type

Office

Closing

Mar 6, 2025

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.

Players

Bradley Gerla

CBRE

Broker

$116.1M

vol

12 deals

Broker
Harbor Group International
Harbor Group InternationalLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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