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10 Astor Place

LEASED

Maybern Expands NoHo Office Lease To 30,000 Square Feet At 10 Astor Place For Over 10 Years

10 Astor Place

Building Size

30,000 SF

Asset Type

Closing

Aug 6, 2026

AI

The asset involved in this transaction is an office space located at 10 Astor Place in the NoHo market. This property spans 30,000 square feet and has recently undergone a lease transaction.

Summary of transaction details:

Maybern has expanded its office footprint in NoHo with this new lease, nearly tripling its previous space and committing to more than 10 years at this location.

Players

Jonathan Franzel

Newmark

Broker

20 deals

Broker
Maybern
MaybernBuyer
Jeffrey Gural

Jeffrey Gural

GFP Real Estate

Landlord

$1B

vol

25 deals

Landlord

New York CRE Market Snapshot

Boundary boundary · CRE · 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