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260 Madison Ave, New York, ...

Guidepost Solutions Leases 18224 Square Feet At 260 Madison Ave New York From Sapir Organization
LEASEDCommercial

Guidepost Solutions Leases 18224 Square Feet At 260 Madison Ave New York From Sapir Organization

260 Madison Ave, New York, NY, 10016

Building Size

18,224 SF

Asset Type

Commercial

Closing

Jan 28, 2020

AI

The property involved in the transaction is located at 260 Madison Ave, New York, NY, 10016. The total area of the lease is 18,224 square feet, situated in the New York market.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 260 Madison Ave, New York, NY, 10016
  • Market: New York
  • Square Feet: 18224
  • Tenant: Guidepost Solutions
  • Landlord: Sapir Organization
  • Tenant's Representative: David Stockel (CBRE)
  • Landlord's Representative: Brett Shannon (CBRE)

The deal features key representatives, with David Stockel from CBRE representing the tenant, Guidepost Solutions, while Brett Shannon from CBRE represents the landlord, Sapir Organization.

Players

Timothy Freydberg

CBRE

Broker

10 deals

Broker
SO
Sapir OrganizationLandlord

New York Commercial Market Snapshot

Boundary boundary · Commercial · 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