LEASED
Cambridge Associates Leases 5036 Square Feet At 437 Madison Ave New York From William Kaufman Organization With Ken Rapp As Tenant's Representative
437 Madison Ave, New York, NY, 10022
Building Size
5,036 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 437 Madison Ave, New York, NY, 10022. It consists of 5,036 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 437 Madison Ave, New York, NY, 10022
- Square Feet: 5036
- Tenant: Cambridge Associates
- Landlord: William Kaufman Organization
- Tenant's Representative: Ken Rapp (CBRE)
Key individuals in the deal include Ken Rapp, representing Cambridge Associates as the tenant's representative from CBRE, and William Kaufman Organization as the landlord involved in this transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93