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125 Maiden Ln, New York, NY...

Gutmacher Institute Leases 6163 Square Feet At 125 Maiden Ln From Time Equities
LEASED

Gutmacher Institute Leases 6163 Square Feet At 125 Maiden Ln From Time Equities

125 Maiden Ln, New York, NY, 10038

Building Size

6,163 SF

Asset Type

Closing

Nov 20, 2023

AI

The lease is for a property located at 125 Maiden Ln, New York, NY, 10038, within the New York market. The total area of the leased space is 6,163 square feet. The transaction involves the Gutmacher Institute as the tenant, with Time Equities serving as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 125 Maiden Ln, New York, NY, 10038
  • Market: New York
  • Square Feet: 6,163
  • Tenant: Gutmacher Institute
  • Landlord: Time Equities
  • Tenant's Representatives: Lauren Crowley Corrinet (CBRE), Laurence Briody, Jr. (CBRE)

The deal involves key players from the CBRE agency representing the tenant, Gutmacher Institute. Lauren Crowley Corrinet and Laurence Briody, Jr. facilitated the transaction on behalf of the tenant, ensuring all aspects of the leasing process were addressed with the landlord, Time Equities.

Players

Robert Wizenberg

JLL

Broker

13 deals

Broker
Time Equities
Time EquitiesLandlord

New York CRE Market Snapshot

Boundary boundary · CRE · 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