Ciarán McGuigan Of The Malin Signs 15-Year Lease For 19,400 Square Feet At 10 Astor Place
10 Astor Place
Building Size
19,400 SF
Asset Type
Office
Closing
Jun 10, 2026
AI
The property asset involved in this transaction is located at 10 Astor Place in the NoHo neighborhood of Manhattan. This office space spans 19,400 square feet and will be entirely occupied by The Malin as part of their fifth location in the borough.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 10 Astor Place
- Market: NoHo, Manhattan
- Landlord: Jeffrey Gural & Eric Gural
- Landlord's Company: GFP Real Estate
- Tenant: Ciarán McGuigan
- Tenant's Company: The Malin
- Landlord's Representative: Neith Stone & David Kaye - GFP Real Estate
- Tenant's Representative: John Mears - RUE Realty
- Lease Terms: 15-year lease
This transaction is notable for the long-term commitment from The Malin, as they secure a significant amount of office space in a strategic location within Manhattan, indicating a robust expansion strategy in the city. The lease was facilitated by representatives from GFP Real Estate and RUE Realty, highlighting collaborative efforts in the leasing process.
Players
Astoria 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