RoC Cosmetics Leases 11056 Square Feet At 261 Madison Ave New York From Sapir Organization
261 Madison Ave, New York, NY, 10016
Building Size
11,056 SF
Asset Type
Office
Closing
May 10, 2019
AI
The lease transaction involves a property located at 261 Madison Ave, New York, NY, 10016. This property encompasses a total of 11,056 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: RoC Cosmetics
- Landlord: Sapir Organization
- Tenant's Representative: Brian Nelson - Colliers International
Brian Nelson from Colliers International represents RoC Cosmetics in this leasing transaction, facilitating communication and negotiations between the tenant and Sapir Organization, the landlord of the property.
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