MHP Real Estate Services Leases 30000 SF At 150 Maiden Ln New York For $51/SF
150 Maiden Ln, New York, NY, 10038
$51
$51/SF
Building Size
30,000 SF
Asset Type
Office
Closing
Jan 14, 2016
About this deal
AI
The property asset involved in this transaction is located at 150 Maiden Ln, New York, NY, 10038, situated in the New York market. The lease involves a total of 30,000 square feet of space, with a rent of $51 per square foot.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not provided
- Address: 150 Maiden Ln, New York, NY, 10038
- Market: New York
- Square Feet: 30,000
- Rent/SF: $51
- Tenant's Rep: Corey Borg (Newmark)
- Landlord's Rep: Justin Royce (Cushman & Wakefield), Frank Cento (Cushman & Wakefield)
- Broker: James Tamborlane (MHP Real Estate Services), Jesse Rubens ()
- Tenant: Not provided
- Landlord: MHP Real Estate Services
The key individuals involved in this transaction include Corey Borg representing the tenant, while the landlord is represented by Justin Royce and Frank Cento from Cushman & Wakefield. The brokers for this transaction are James Tamborlane from MHP Real Estate Services and Jesse Rubens.
On the Map
$51
$51/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
311039.22%
Cash-on-Cash
-88895.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93