Updated Jan 12, 2026
Montgomery Street Partners Enters 99-Year Ground Lease With Full Time Management At 75 Nassau Street
75 Nassau Street
$98,000,000
Building Size
—
Asset Type
Development Site
Closing
Dec 30, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 75 Nassau Street in Manhattan, featuring a building square footage of 315,000. The ground lease for this property has a term of 99 years.
Summary of transaction details:
- Property Type: Ground Lease
- Transaction Amount: Not specified
- Address: 75 Nassau Street
- Market: Manhattan
- Ground Lessor: Montgomery Street Partners
- Developer: Full Time Management
- Broker: Tom Li - SPR Group LLC
The transaction is represented by Tom Li from SPR Group LLC, who is the broker assisting in this ground lease deal. Montgomery Street Partners serves as the ground lessor while Full Time Management is the developer for the project.
On the Map
$98,000,000
Development Site
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Players
New York Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93