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80 Maiden Lane

Catholic Charities Of New York Signs 30-Year Lease For 77,130 SF Office At 80 Maiden Lane
LEASEDOffice

Catholic Charities Of New York Signs 30-Year Lease For 77,130 SF Office At 80 Maiden Lane

80 Maiden Lane

Building Size

77,000 SF

Asset Type

Office

Closing

Sep 24, 2024

AI

The property asset involved in this transaction is located at 80 Maiden Lane in the Financial District. It encompasses an office space totaling 77,130 square feet. This lease marks an expansion for Catholic Charities of New York as they consolidate other offices. The transaction is significant within the context of the local real estate market.

Summary of transaction details:

The deal is represented by a team from CBRE serving the landlord and a team from JLL representing the tenant. The involvement of these brokerage firms highlights the collaborative efforts of professionals in the leasing process, ensuring a successful transaction for both parties.

Players

Jonathan Cope

CBRE

Broker

$116.1M

vol

15 deals

Broker

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