Harbor Group International Leases Office Space At 55 Broadway In Financial District
55 Broadway, Manhattan, New York, NY, USA
$59
$59/SF
Building Size
40,843 SF
Asset Type
Office
Closing
Feb 19, 2021
AI
Located at 55 Broadway in the Financial District, this office property has been leased by the Consulate General of Morocco, Assurant, Hannum Feretic Prendergast & Merlino, and Clear Street. The landlord is Harbor Group International, and the leasing deal was brokered by Brad Gerla, Jonathan Cope, Caroline Merck, and Craig Motola of CBRE. The property spans across 40,843 square feet and was listed with an asking rent of $59 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 55 Broadway
- Market: Financial District
This lease transaction involved several notable tenants, including the Consulate General of Morocco, Assurant, Hannum Feretic Prendergast & Merlino, and Clear Street. The leasing deal was facilitated by Harbor Group International as the landlord, with CBRE's Brad Gerla, Jonathan Cope, Caroline Merck, and Craig Motola representing the tenants. The property offers 40,843 square feet of office space and is situated at 55 Broadway in the Financial District.
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
268864.41%
Cash-on-Cash
-76842.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93