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
About this deal
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.
On the Map
$70
$70/SF
Office
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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