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
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