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80 Maiden Ln, New York, NY,...

Korres Leases 5500 SF Office Space At 80 Maiden Ln, New York
LEASEDOffice

Korres Leases 5500 SF Office Space At 80 Maiden Ln, New York

80 Maiden Ln, New York, NY, 10038

Building Size

5,500 SF

Asset Type

Office

Closing

Jul 19, 2019

AI

The office located at 80 Maiden Ln, New York, NY, 10038, encompassing 5,500 square feet, was leased in a transaction dated July 19, 2019. The landlord, AM Property Holding, facilitated the lease agreement with the tenant, Korres.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Market: New York
  • Landlord's Rep: Paul Wasserman(AM Property Holding)
  • Tenant: Korres

Paul Wasserman of AM Property Holding represented the landlord in this lease transaction, finalizing the agreement with Korres for the office space at 80 Maiden Ln.

Players

Paul Wasserman

AM Property Holding

Broker

$130M

vol

2 deals

Broker
AH
AM Property HoldingsLandlord
K
KorresTenant

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