Connex International Leases 5000 SF Office Space From MHP Real Estate In New York
180 Maiden Ln, New York, NY, 10038
$56
$56/SF
Building Size
5,000 SF
Asset Type
Office
Closing
Jul 13, 2017
AI
The property at 180 Maiden Ln, New York, NY, 10038, is an office asset with a lease signed on July 13, 2017. The landlord, MHP Real Estate Services, leased 5,000 square feet of space to the tenant, Connex International, at a rate of $56 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 180 Maiden Ln, New York, NY, 10038
- Market: New York
- Landlord: MHP Real Estate Services
- Tenant: Connex International
- Rent per Square Foot: $56
- Square Feet: 5,000
- Brokers: Michael Joseph (Colliers International), Rick Doolittle (Colliers International)
Michael Joseph and Rick Doolittle from Colliers International represented the tenant, Connex International, in the leasing transaction at 180 Maiden Ln. The landlord's representative in this deal was MHP Real Estate Services.
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
283267.86%
Cash-on-Cash
-80958.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93