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180 Madison Avenue

Yotpo Leases 10,725 Square Feet Office Space At 180 Madison Avenue In Murray Hill
LEASEDOffice

Yotpo Leases 10,725 Square Feet Office Space At 180 Madison Avenue In Murray Hill

180 Madison Avenue

$70

$70/SF

Building Size

10,725 SF

Asset Type

Office

Closing

Jun 3, 2025

AI

The property involved in this transaction is an office space located at 180 Madison Avenue in the Murray Hill market. The space encompasses 10,725 square feet and has an asking rent of $70 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 180 Madison Avenue
  • Market: Murray Hill
  • Landlord: Cathy Marcus & Raimondo Amabile - PGIM Real Estate
  • Tenant: Tomer Tagrin - Yotpo
  • Landlord's Representative: David Falk, Eric Cagner, Jonathan Fanuzzi & Matthew Leon - Newmark
  • Tenant's Representative: Jared Freede, Joshua Pernice & Harly Stevens - CBRE
  • Asking Rent: $70/ft
  • Square Footage: 10,725

Yotpo, an e-commerce marketing firm, is downsizing its office space in New York City, moving from a larger 30,688-square-foot office in SoHo to the newly leased space at 180 Madison Avenue.

Players

Jared Freede

CBRE

Broker

14 deals

Broker
David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
Cathy Marcus

Cathy Marcus

PGIM

Landlord

$2.6B

vol

31 deals

Landlord

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93