Mitsui Fudosan America Leases 7500 Square Feet At 527 Madison Ave To Mitsui Sumitomo Marine Management
527 Madison Ave, New York, NY, 10022
Building Size
7,500 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 527 Madison Ave, New York, NY, 10022. It comprises a total of 7,500 square feet and is situated in the New York market. The transaction is between Mitsui Fudosan America, serving as the landlord, and Mitsui Sumitomo Marine Management (USA) as the tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Disclosed
- Address: 527 Madison Ave, New York, NY, 10022
- Market: New York
- Landlord: Mitsui Fudosan America
- Tenant: Mitsui Sumitomo Marine Management (USA)
- Landlord's Representative: Keith Purcell (Mitsui Fudosan America)
- Square Feet: 7500
Key individuals in this transaction include Keith Purcell, representing the landlord Mitsui Fudosan America, and the tenant Mitsui Sumitomo Marine Management (USA). This lease agreement signifies a direct relationship between these two entities in the New York market.
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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