facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

51 West 52nd Street

Alston & Bird Signs 15-Year Lease For 169,664 Square Feet At 51 West 52nd Street
LEASEDOffice

Alston & Bird Signs 15-Year Lease For 169,664 Square Feet At 51 West 52nd Street

51 West 52nd Street

Building Size

169,664 SF

Asset Type

Office

Closing

Jun 25, 2026

AI

The property involved in this transaction is an office asset located at 51 West 52nd Street in Manhattan, encompassing a total square footage of 169,664. Alston & Bird has signed a lease, and the building has achieved full occupancy with this new agreement.

Summary of transaction details:

This transaction highlights the involvement of multiple brokers representing both the landlord and tenant, with the landlord's team comprising professionals from Newmark and the tenant's team from Savills. The move marks Alston & Bird's relocation from its previous offices at 90 Park Avenue.

Players

Howard Hersch

Newmark

Broker

24 deals

Broker
Savills
SavillsBrokerage
Savills
SavillsBrokerage
Savills
SavillsBrokerage

Jordan E. Slone

Harbor Group International

Landlord

$1.6B

vol

13 deals

Landlord

West End 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93