Manhattan Tower
The offering in full: asset, terms, financials and documents
Target IRR
12.5%
5-year hold assumption
Expected Yield
6.8%
APY, distributed quarterly
Occupancy
96%
23 of 24 floors leased
WALT
7.4 yrs
Weighted avg. lease term
About the Property
Manhattan Tower is a 24-storey Class A office complex in Midtown Manhattan, fully renovated in 2021. The building is anchored by three investment-grade tenants on long-term triple-net leases, with staggered expiries that limit re-letting risk in any single year. Rental income is contractually indexed, and the asset is managed by an institutional operator with a 15-year track record in the submarket.
Asset Type
Class A Office
Year Built / Renovated
1998 / 2021
Net Leasable Area
41,800 sqm
Anchor Tenants
3 investment-grade
Independent Valuation
$45.2M (Oct 2025)
Asset Manager
Meridian Property Group
Financial Highlights
Annual rental revenue
$3.86M
Net operating income
$3.12M
Distribution frequency
Quarterly
Next scheduled distribution
Jan 15, 2026
Loan-to-value
0% — unlevered
Risk Disclosures
- Real-estate values and rental income can decline; distributions are not guaranteed and depend on tenant performance.
- Tokens are subject to a 12-month lock-up; secondary transfers afterwards require both parties to hold valid KYC status.
- This is an illiquid investment: no public market exists for the tokens, and the optional secondary market is permissioned.
- Read the full Offering Memorandum before subscribing. Past performance of the asset manager is not indicative of results.