HanesBrands Leases 36293 SF Office At 260 Madison Ave, New York, NY
260 Madison Ave, New York, NY, 10016
Building Size
36,293 SF
Asset Type
Office
Closing
Mar 6, 2019
About this deal
AI
The property involved in this transaction is an office asset located at 260 Madison Ave, New York, NY, 10016. It has a total square footage of 36,293 and is situated in the New York market.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 260 Madison Ave, New York, NY, 10016
- Market: New York
- Square Feet: 36,293
- Tenant: HanesBrands
- Landlord: Sapir Organization
- Tenant's Representative: Robert "Rob" Gallucci-Colliers International
- Brokers: Mitchell Konsker-JLL
This transaction involved key parties including the tenant HanesBrands, represented by Robert "Rob" Gallucci from Colliers International, and the landlord Sapir Organization. The brokerage services were handled by Mitchell Konsker from JLL.
On the Map
Office
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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