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
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