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260 Madison Ave, New York, ...

Solomon Page Group Leases 52453 Square Feet At 260 Madison Ave From Sapir Organization
LEASEDOffice

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

Moshe Sukenik

Newmark

Broker

10 deals

Broker
SO
Sapir OrganizationLandlord

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