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10 Astor Place

Ciarán McGuigan Of The Malin Signs 15-Year Lease For 19,400 Square Feet At 10 Astor Place
LEASEDOffice

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

Neith Stone

GFP Real Estate

Broker

$137M

vol

10 deals

Broker
Jeffrey Gural

Jeffrey Gural

GFP Real Estate

Landlord

$915.3M

vol

20 deals

Landlord
Ciarán McGuigan

Ciarán McGuigan

The Malin

Tenant

3 deals

Tenant

Astoria Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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