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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 Madison Avenue
- Market: Midtown South
- Lease Term: 10 years
- Landlord: Marc Holliday - SL Green
- Tenant: Harvey AI
- Brokers: Joseph Messina, Todd Stracci, Paul Glickman, Alexander Chudnoff, Benjamin Bass & Diana Biasotti - JLL
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.
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