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55 Broadway, Manhattan, New...

Harbor Group International Leases Office Space At 55 Broadway In Financial District
LEASEDOffice

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

Bradley Gerla

CBRE

Broker

$116.1M

vol

13 deals

Broker
Harbor Group International
Harbor Group InternationalLandlord

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