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
About this deal
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:
- Property Type: Office
- Transaction Amount: $297,000,000
- Address: 180 Maiden Lane
- Market: Financial District, Manhattan
- Buyer: Carlo Bellini - 99c
- Seller: Clarion Partners & MHP Real Estate
- Brokers: Gary Phillips, William Silverman & Jeff Organisciak - Eastdil Secured
- SF: 1,170,678
- PPSF: $254
William Silverman, Gary Phillips, and Jeff Organisciak of Eastdil Secured represented the buyer, seller, and themselves in the transaction.
Players
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