Gottlieb, Rackman & Reisman Leases 16395 Square Feet At 270 Madison Avenue, New York
270 Madison Ave, New York, NY, 10016
Building Size
16,395 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 270 Madison Ave, New York, NY, 10016. This lease agreement encompasses a total space of 16,395 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 270 Madison Ave, New York, NY, 10016
- Market: New York
- Landlord: 270 Madison Avenue Associates
- Tenant: Gottlieb, Rackman & Reisman
- Landlord's Representative: Gregg Schenker-ABS Partners Real Estate
The transaction features key individuals including the landlord 270 Madison Avenue Associates and tenant Gottlieb, Rackman & Reisman. Gregg Schenker from ABS Partners Real Estate represents the landlord in this lease agreement.
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