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75 Nassau Street

Updated Oct 13, 2026

Fulltime Management & Montgomery Street Partners Acquire Development Site From Lexin Capital For $53M
SOLDDevelopment Site

Fulltime Management & Montgomery Street Partners Acquire Development Site From Lexin Capital For $53M

75 Nassau Street

$52,000,000

$188/SF

Building Size

276,300 SF

Asset Type

Development Site

Closing

Dec 29, 2025

About this deal

AI

The asset involved in the transaction is a development site located at 75 Nassau Street in Manhattan. The sale price for this asset was $53,000,000, covering a building square footage of 276,300, which results in a price per building square foot of $192.

Summary of transaction details:

The transaction involved prominent firms, with Fulltime Management and Montgomery Street Partners acting as the buyers, while Lexin Capital was identified as the seller. The deal was brokered by Ethan Stanton, Andrew Scandalios, Jonathan Hageman, and Michael Mazzara, all representing JLL in this transaction.

On the Map

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$52,000,000

$188/SF

Development Site

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Players

Andrew Scandalios

JLL

Broker

$12.2B

vol

69 deals

Broker
MP
Montgomery Street PartnersBuyer
LC
Lexin CapitalSeller
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New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $188 per square foot on a published $52M for 276,300 square feet (2025).

Visit Jonathan (Jon) Hageman to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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