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:
- 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