Guilford Specialty Group, Inc. Leases 5493 Square Feet At 437 Madison Ave In New York
437 Madison Ave, New York, NY, 10022
Building Size
5,493 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The lease property is located at 437 Madison Ave, New York, NY, 10022, within the New York market. This asset encompasses a total of 5,493 square feet, which is instrumental for its tenant operations.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 437 Madison Ave, New York, NY, 10022
- Market: New York
- Square Feet: 5,493
- Tenant: Guilford Specialty Group, Inc.
- Landlord: William Kaufman Organization
- Broker: Kenneth Salzman - Lee & Associates NYC
The involved parties in this leasing transaction include Guilford Specialty Group, Inc. as the tenant, and William Kaufman Organization serving as the landlord. The broker facilitating the deal is Kenneth Salzman from Lee & Associates NYC, representing the landlord's interests 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