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1 Madison Avenue

Harvey AI Signs 10-Year Lease For 92663 Square Feet At SL Green's One Madison Avenue
LEASEDOffice

Harvey AI Signs 10-Year Lease For 92663 Square Feet At SL Green's One Madison Avenue

1 Madison Avenue

$115

$115/SF

Building Size

92,663 SF

Asset Type

Office

Closing

Oct 16, 2025

AI

The property asset involved in this transaction is an office located at 1 Madison Avenue in Midtown South. The space encompasses 92,663 square feet, and the asking rent for this lease was set at $115 per square foot.

Summary of transation details:

Harvey AI has signed a lease for a 10-year term, indicating significant growth for the company as it follows its expansion from 315 Park Avenue South just a year prior.

Players

Alexander Chudnoff

JLL

Broker

$38.2M

vol

19 deals

Broker
JLL
JLLBrokerage
Marc Holliday

Marc Holliday

SL Green

Landlord

$9.6B

vol

40 deals

Landlord
SL Green
SL GreenLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

137939.13%

Cash-on-Cash

-39423.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93