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    80-90 Maiden Lane

    80-90 Maiden Lane
    New York, NY 10038
    Office, Retail, Leasing/Rental

    80-90 Maiden Lane is a two building portfolio in the Financial District totaling 583,000 square feet. The portfolio is comprised of a four-story, 33,500 square-foot office building with New York City-based supermarket Gristedes at its based and a 25-story, 550,000 square-foot office building with smaller office tenants, many paying below-market rents. In August 2014, Kushner Companies, a family-owned real estate developer and landlord, and Normandy Partners acquired a 50 percent stake in the portfolio from Chetrit Group, another family-owned developer and landlord. The deal values the buildings at about $210 million. The Chetrit Group used the proceeds from the Maiden Lane sale to buy out AM Property Holdings from its 50 percent stake in another property, 65 Broadway, a 21-story tower sometimes known as The American Express Building. This allowed Chetrit to avoid capital gains tax, through a 1031 Exchange.

    -MK

    • Address 80-90 Maiden Lane
    • neighborhood Murray Hill
    • borough Manhattan
    • owner Kushner Companies
    • owner entity WASSCO LLC
    • floors 25
    • Year Built 1912
    • square feet 527,605
    • block and lot 1-00042-0031
    • BIN 1001015
    • Event Financing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 610,000
    • Price $ 250,000,000
    notes
    The lender issued a loan of $250 million for the Financial District portfolio.
    • Event Sales
    • Address 80-90 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 583,000
    • Price $ 54,000,000
    • Publication Date 10/01/2017
    • Event Date 09/06/2017
    • Party 1 Read Property Group
    • Party 2 Normandy Real Estate
    notes
    The real estate firm acquired a stake in the properties.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 6,350
    • Publication Date 11/01/2014
    • Event Date 09/17/2014
    • Party 1 AM Property Holding II Corp
    • Party 1 Broker Paul Wasserman and Nathan Wasserman
    • Party 2 PC Tech USA
    • Party 2 Brokerage EVO Real Estate Group
    • Party 2 Broker Manny Syskrot, Diana Rau Siegel
    notes
    The school signed a lease.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 2,852
    • Publication Date 04/01/2014
    • Event Date 02/20/2014
    • Party 1 A.M. Property Holding
    • Party 1 Brokerage In-house
    • Party 2 Empire State Pride Agenda
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Carry Lyon
    notes
    The community organization signed a lease for part of the ninth floor.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 4,400
    • Price per foot $ 36.00
    • Publication Date 05/01/2012
    • Event Date 03/22/2012
    • Party 1 A.M. Property Holding
    • Party 1 Brokerage In-house
    • Party 2 Invisa Logistic Services
    • Party 2 Brokerage RedRock NYC, My NY Commercial Group
    • Party 2 Broker Taso Hatzimichael, Michael Moustakas
    notes
    The international visa services company signed a seven-year lease.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 5,500
    notes
    The real estate firm signed a lease.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 4,358
    • Publication Date 10/01/2011
    • Event Date 08/22/2011
    • Party 1 A.M. Property Holding
    • Party 2 Ottenheimer Health
    • Party 2 Brokerage Capstone Realty Advisors
    • Party 2 Broker Joseph McLaughlin, Kevin Phelan
    notes
    The medical office signed a long-term lease on the ninth floor.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 2,820
    • Publication Date 08/01/2008
    • Event Date 06/22/2008
    • Party 1 Brokerage A.M. Property Holding
    • Party 1 Broker Paul Wasserman
    • Party 2 Starr Whitehouse
    • Party 2 Brokerage Hunter Realty
    • Party 2 Broker Richard Gottlieb, Ryan Rozins
    notes
    The landscape architects signed a 10-year lease.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 11,490
    • Publication Date 03/01/2006
    • Event Date 01/20/2006
    • Party 1 A.M. Property Holding
    • Party 1 Brokerage Cushman & Wakefield
    • Party 1 Broker Nathan Wasserman, Stuart Romanoff
    • Party 2 Lower East Side Service Center
    • Party 2 Brokerage Cassidy Turley
    • Party 2 Broker David Lebenstein, Arlene Wysong, Stephen Bellwood
    notes
    Nonprofit social service agency signs 10-year lease, moves from 157 Chambers Street, which is going residential.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 3,245
    • Publication Date 02/01/2006
    • Event Date 12/23/2005
    • Party 1 A.M. Property Holding
    • Party 1 Brokerage Cushman & Wakefield
    • Party 1 Broker Stuart Romanoff, Lawrence Tannenbaum, Nathan Wasserman
    • Party 2 International Gay & Lesbian Human Rights Commission
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Carri Lyon
    notes
    Commission signs seven-year lease for part of the 15th floor, moves from Empire State Building.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 8,523
    • Publication Date 02/01/2006
    • Event Date 12/23/2005
    • Party 1 A.M. Property Holding
    • Party 1 Brokerage Cushman & Wakefield
    • Party 1 Broker Stuart Romanoff, Lawrence Tannenbaum, Nathan Wasserman
    • Party 2 National Gay & Lesbian Task Force
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Carri Lyon
    notes
    Organization signs 10-year lease for part of the 15th floor, moves from 90 William Street.
    • Event Office Leasing
    • Address 80 Maiden Lane
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 63,000
    • Publication Date 04/01/2005
    • Event Date 02/20/2005
    • Party 1 A.M. Property Holding
    • Party 2 Office of Children and Family Services, Department of Health
    • Party 2 Brokerage Staubach Company
    notes
    State agencies consolidate their offices on 23rd and 24th floor
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