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9 West 57th Street

HarbourVest Partners Signs 10-Year Lease For 19,752 SF Office At 9 West 57th Street
LEASEDOffice

HarbourVest Partners Signs 10-Year Lease For 19,752 SF Office At 9 West 57th Street

9 West 57th Street

Building Size

19,752 SF

Asset Type

Office

Closing

Jul 20, 2026

AI

The property asset involved in this transaction is located at 9 West 57th Street, in the Midtown Manhattan market. This office space encompasses a total of 19,752 square feet and is situated on part of the 49th floor. HarbourVest Partners has secured this location to establish their first office in New York City.

Summary of transaction details:

This deal involved significant representation from both sides, with Alexander Chudnoff and Ava Loughlin from JLL representing the landlord, while the tenant was represented by a team from CBRE, including Howard Fiddle, John Maher, Gregg Rothkin, Tara Rhodes, and Alex Leopold. The collaboration between these recognized firms facilitated orchestrating the lease agreement.

Players

Alexander Chudnoff

JLL

Broker

$38.2M

vol

20 deals

Broker
Michael Hershman

Michael Hershman

Soloviev Group

Landlord
Landlord
John Toomey

John Toomey

HarbourVest Partners

Tenant
Tenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93