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180 Maiden Lane, New York, ...

National Debt Relief Signs 13-Year Lease At 180 Maiden Lane In Financial District, Manhattan
LEASEDOffice

National Debt Relief Signs 13-Year Lease At 180 Maiden Lane In Financial District, Manhattan

180 Maiden Lane, New York, NY 10038

Building Size

30,810 SF

Asset Type

Office

Closing

Jul 29, 2018

AI

An office space located at 180 Maiden Lane in the Financial District of Manhattan, New York, has been leased. The lease was finalized on July 30, 2018. The property is owned by MHP Real Estate Services.

Summary of transaction details

  • Property Type: Office
  • Tenant: National Debt Relief
  • Landlord: MHP Real Estate Services
  • Brokers: Tara Stacom, Robert Lowe, Frank Cento, Justin Royce, Jesse Rubens, Richard Doolittle, and James Tamborlane
  • Asking Rent: $60 per square foot
  • Square Footage: 30,810
  • Annual Rent Per Month: $1.8 million
  • Lease Term: 13 years

The leasing of the office space at 180 Maiden Lane was handled by a team from CushWake, consisting of Tara Stacom, Robert Lowe, Frank Cento, and Justin Royce, along with MHP's in-house team of Jesse Rubens, Richard Doolittle, and James Tamborlane. It was not disclosed who represented National Debt Relief in the deal.

NOTE: It wasn’t immediately clear who represented the tenant in the deal. – Rich Bockmann

Players

Justin Royce

Cushman & Wakefield

Broker

15 deals

Broker
MHP Real Estate Services
MHP Real Estate ServicesBrokerage
MHP Real Estate Services
MHP Real Estate ServicesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93