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135 Madison Avenue

Courier Health Leases 15,038 Sq. Ft. Office At 135 Madison Avenue In Midtown South
LEASEDOffice

Courier Health Leases 15,038 Sq. Ft. Office At 135 Madison Avenue In Midtown South

135 Madison Avenue

$52

$52/SF

Building Size

15,038 SF

Asset Type

Office

Closing

Sep 23, 2025

AI

The asset involved in this transaction is an office space located at 135 Madison Avenue in Midtown South, Manhattan. The space encompasses 15,038 square feet and was listed at an asking rent of $52 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $52/ft
  • Square Footage: 15,038
  • Address: 135 Madison Avenue
  • Market: Midtown South, Manhattan
  • Landlord: Max Koeppell & David Koeppel - Koeppell Rosen
  • Tenant: Courier Health
  • Broker: Jacob Wolkenfeld - Norman Bobrow & Company

Courier Health has relocated from its previous headquarters, situated half a mile away, to occupy the third floor of the building. The selection of this space was influenced by its move-in readiness and advantageous proximity to transit to facilitate the company's expanding operations.

Players

Jacob Wolkenfeld

Norman Bobrow & Company

Broker

3 deals

Broker
Norman Bobrow & Company
Norman Bobrow & CompanyBrokerage
Max Koeppell

Max Koeppell

Koeppell Rosen

Landlord

17 deals

Landlord
Koeppell Rosen
Koeppell RosenLandlord

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

305057.69%

Cash-on-Cash

-87186.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93