Thirty Madison Leases 15,440 SF Office Space At 183 Madison Ave
183 Madison Avenue
Building Size
15,440 SF
Asset Type
Office
Closing
Mar 4, 2024
AI
183 Madison Avenue in Manhattan is now home to Thirty Madison, an online healthcare provider specializing in hair-loss treatment and other medical services. The office space spans 15,440 square feet and was leased by the tenant for a two-year term.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Kenneth Aschendorf - APF Properties
- Tenant: Thirty Madison
- Landlord's Rep: Sean Kearns - CBRE
- Tenant's Rep: Gabe Marans - Savills
Sean Kearns of CBRE represented the landlord, Kenneth Aschendorf of APF Properties, in the lease deal. Gabe Marans from Savills acted as the tenant's representative on behalf of Thirty Madison, securing the office space for the online healthcare provider.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93