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180 Maiden Ln, New York, NY...

Basis Investment Group Relocates Headquarters To 180 Maiden Lane In NYC's Financial District
LEASEDOffice

Basis Investment Group Relocates Headquarters To 180 Maiden Lane In NYC's Financial District

180 Maiden Ln, New York, NY 10038

$65

$65/SF

Building Size

10,091 SF

Asset Type

Office

Closing

Jun 27, 2023

AI

The Basis Investment Group (BIG) has secured a 10,091-square-foot space on the 32nd floor of the 41-story office tower located at 180 Maiden Lane in New York City's Financial District. The lease transaction was facilitated by Shawna Menifee from Integrative Partners, who represented the tenant. The asking rent for the space was $65 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 180 Maiden Lane
  • Market: New York City

The landlord of the property is Clarion Partners, LaSalle Investment Management, and Banyan Street Capital, represented by Tara Stacom, Justin Royce, Frank Cento, and Connor Daugstrup from Cushman & Wakefield, as well as Jesse Rubens from JLR Realty. The tenant, Basis Investment Group, was represented by Shawna Menifee from Integrative Partners. The move to 180 Maiden Lane represents BIG's headquarters relocation within the Financial District.

Players

Justin Royce

Cushman & Wakefield

Broker

15 deals

Broker
JLL
JLLBrokerage
Clarion Partners
Clarion PartnersLender
JLL
JLLLandlord
Basis Investment Group
Basis Investment GroupTenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93