Splash Signs Full-Service Gross Lease For 5,215 SF Office Space At 180 Maiden Lane, Financial District Manhattan
180 Maiden Lane
$65
$65/SF
Building Size
5,215 SF
Asset Type
Office
Closing
Sep 30, 2023
AI
The property involved in this lease transaction is an office space located at 180 Maiden Lane in the Financial District of Manhattan. The asset spans a total area of 5,215 square feet.
Summary of transaction details
- Property Type: Office
- Asking Rent: $65 per square foot
- Lease Type: Full-Service Gross
- Market: Financial District, Manhattan
- Landlord: Clarion Partners, Banyan Street Capital & LaSalle Investment Management
- Tenant: Splash
- Landlord's Representative: Justin Royce, Tara Stacom, Robert Lowe, Frank Cento, Connor Daugstrup & Jesse Rubens - Cushman & Wakefield
- Tenant's Representative: Michael Pallas, Andrew Coe & Margaux Kelleher - JLL
Notable individuals involved in this lease deal include Justin Royce, Tara Stacom, Robert Lowe, Frank Cento, Connor Daugstrup, Jesse Rubens, Michael Pallas, Andrew Coe, and Margaux Kelleher. The lease transaction was facilitated by Cushman & Wakefield and JLL, serving as the landlord's and tenant's representatives, respectively.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93