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Trump Tower, Manhattan, New...

Updated Oct 28, 2024

Make America Great Again PAC Leasing Office Space At Trump Tower In Midtown Manhattan
LEASEDOffice

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

Trump Organization
Trump OrganizationLandlord

New York Office Market Snapshot

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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

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