80-90 Maiden Lane

New York, NY

  • 610,000 rentable sf
  • Unrealized

Normandy purchased a shared control interest in 80-90 Maiden Lane in an off market transaction at a significant discount to recent trades. The property is a 25-story Class B+ building located in Downtown Manhattan. At acquisition, the Property was 94% leased with average in-place rents substantially below market. The building features flexible floorplates that provide light and windows on four sides. Normandy is currently completing a lobby renovation and modernization of the elevators and has marked over 20% of the rent roll to market.