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295 Madison Ave, New York, ...

Montran Corporation Leases 3500 Square Feet At 295 Madison Ave New York With Landlord Tahor 26 Owner
LEASEDIndustrial

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

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.

Players

Hal Eskenazi

Norman Bobrow & Company

Broker

1 deal

Broker

New York Industrial Market Snapshot

Boundary boundary · Industrial · 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