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180 Maiden Lane

Carlo Bellini Acquires 180 Maiden Lane Office In Financial District For $297M
SOLDOffice

Carlo Bellini Acquires 180 Maiden Lane Office In Financial District For $297M

180 Maiden Lane

$297,000,000

$253/SF

Building Size

1,170,678 SF

Asset Type

Office

Closing

Jul 8, 2024

AI

Located at 180 Maiden Lane in the Financial District of Manhattan, the office asset was sold for $297,000,000. The property spans 1,170,678 square feet, resulting in a price per square foot of $254.

Summary of transaction details:

William Silverman, Gary Phillips, and Jeff Organisciak of Eastdil Secured represented the buyer, seller, and themselves in the transaction.

Players

Jeff Organisciak

Eastdil Secured

Broker

$8.9B

vol

37 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93