Solomon Page Group Leases 52453 Square Feet At 260 Madison Ave From Sapir Organization
260 Madison Ave, New York, NY, 10016
Building Size
52,453 SF
Asset Type
Office
Closing
Jun 17, 2018
AI
The property asset involved in the transaction is located at 260 Madison Ave, New York, NY, 10016, within the New York market. The leased space encompasses 52,453 square feet. The landlord for this property is the Sapir Organization.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 260 Madison Ave, New York, NY, 10016
- Market: New York
- Tenant: Solomon Page Group
- Landlord: Sapir Organization
- Square Feet: 52,453
- Brokers: Chris Mongeluzo - Newmark Knight Frank
Chris Mongeluzo from Newmark Knight Frank represents the landlord in this lease transaction involving the Solomon Page Group as the tenant. This engagement highlights the roles of key individuals and organizations in the property market.
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