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437 Madison Ave, New York, ...

Guilford Specialty Group, Inc. Leases 5493 Square Feet At 437 Madison Ave In New York
LEASED

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

Kenneth Salzman

Lee & Associates

Broker

9 deals

Broker

William Kaufman

Organi

Landlord

$372M

vol

22 deals

Landlord

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