Updated Dec 12, 2024
Normandy Real Estate Partners And Meadow Partners Acquire Office Building In Manhattan For $250M
Eighty Maiden Lane, 80 Maiden Ln, New York, Ny 10038, Usa
$250,000,000
$42/SF
Building Size
5,830,000 SF
Asset Type
Office
Closing
Nov 28, 2020
About this deal
AI
80-90 Maiden Lane, a Manhattan office building, was involved in a closed transaction. The property was developed by Normandy Real Estate Partners, Meadow Partners, and AM Property Holding Corp. The lender, Invesco Real Estate, provided a loan amount of $250,000,000 for a term of 5 years.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $250,000,000
- Address: 80-90 Maiden Lane
- Market: Manhattan
NKF Capital Markets’ brokers, including Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Chris Kramer, were involved in the deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93