Updated Oct 29, 2024
Montran Corporation Leases 3500 Square Feet At 295 Madison Ave New York With Landlord Tahor 26 Owner
295 Madison Ave, New York, NY, 10017
Building Size
3,500 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is located at 295 Madison Ave, New York, NY, 10017. It encompasses a total of 3,500 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 295 Madison Ave, New York, NY, 10017
- Square Feet: 3,500
- Tenant: Montran Corporation
- Landlord: Tahor 26 Owner
- Tenant's Representative: Hal Eskenazi-Lansco Corporation
- Landlord's Representative: Kelli Berke-Cushman & Wakefield
In this transaction, Montran Corporation entered into a lease agreement with Tahor 26 Owner. Hal Eskenazi from Lansco Corporation represented the tenant, while Kelli Berke from Cushman & Wakefield represented the landlord. This collaboration facilitated the leasing process between both parties.
On the Map
Industrial
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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