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fintech company, Maybern, is relocating to GFP Real Estate's 10 Astor Place in Manhattan's NoHo district. The company has signed a three-year lease for an 11,000-square-foot space on the entire floor of the seven-story building.

    The property, part of the 390,000-square-foot Astor Place Plaza campus, features creative offices, shared spaces, and retail components. Tenants include New York University, Chase Bank, and Exbo Group. The building was originally constructed in 1876 as a factory and printing office and has undergone recent renovations.

    Maybern will use the new space as its executive and administrative office. The company is relocating from 598 Broadway this month. Two Newmark teams negotiated on behalf of both parties, with GFP Real Estate's Neith Stone representing the landlord alongside Newmark executives Robert Silver, Anthony Sciacca, and Brittany Silver. Maybern was represented by Jonathan Franzel and Leo Koné.

    The relocation comes as Manhattan sees a drop in asking rents, with rates standing at $68.56 per square foot as of August, a 1.5 percent year-over-year decline. The metro remains the leader for asking rents, with all Northeastern markets recording rates above the national average of $32.78 per square foot.