Make America Great Again PAC Leasing Office Space At Trump Tower In Midtown Manhattan
Trump Tower, Manhattan, New York, NY, USA
Building Size
5,490 SF
Asset Type
Office
Closing
Sep 6, 2021
About this deal
AI
The office space located at @TrumpTower in Midtown Manhattan has been leased in a closed transaction. The property, owned by The @Trump Organization, has been rented out to Make America Great Again PAC. The lease agreement involves a space measuring approximately 5,490 square feet. The asking rent for the office is $85 per square foot.
Summary of transaction details
- Property Type: Office
- Tenant: Make America Great Again PAC
- Landlord: The @Trump Organization
- Asking Rent: $85/ft. (approx.)
- Space: 5,490 sq. ft. (approx.)
Donald Trump Jr., President Donald J. Trump, Ivanka Trump, and Eric Trump are involved in the deal as representatives of their respective parties. The transaction showcases the business arrangement between Make America Great Again PAC and The @Trump Organization, highlighting their relationship in the leasing of office space.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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