Industrious Leases 43874 Square Feet At 261 Madison Ave From Sapir Organization With CBRE's Alice Fair
LEASED
New York
See Similar DealsCommercial43,874 SF
LEASED
Industrious Leases 43874 Square Feet At 261 Madison Ave From Sapir Organization With CBRE's Alice Fair
261 Madison Ave, New York, NY, 10016
See Similar DealsCommercial43,874 SF
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$0
Total Square Footage:43,874 SF
Transaction Type:Lease
This property asset is located at 261 Madison Ave, New York, NY, 10016. It is situated in the New York market and encompasses a total area of 43,874 square feet. The landlord for this lease transaction is Sapir Organization, while the tenant is Industrious.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 261 Madison Ave, New York, NY, 10016
- Market: New York
- Tenant: Industrious
- Landlord: Sapir Organization
- Tenant's Representative: Alice Fair (CBRE)
Key individuals involved in the transaction include Alice Fair, who represents the tenant, Industrious, through CBRE. The landlord, Sapir Organization, plays a critical role in the leasing agreement for the property at this prestigious location.
Players
LANDLORD
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,514,831.20
Total Lease Value
$25,148,312.05
Net Landlord Cash Flow$2,514,831.20
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