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285 Madison Ave, New York, ...

RFR Realty Leases 23492 Square Feet At 285 Madison Ave With Jon C. Sarkisian As The Broker
LEASEDOffice

RFR Realty Leases 23492 Square Feet At 285 Madison Ave With Jon C. Sarkisian As The Broker

285 Madison Ave, New York, NY, 10017

$64

$64/SF

Building Size

23,492 SF

Asset Type

Office

Closing

May 25, 2016

AI

The property involved in this transaction is located at 285 Madison Ave, New York, NY, 10017. It is a lease transaction in the New York market, with a rent per square foot of $64 and a total area of 23,492 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 285 Madison Ave, New York, NY, 10017
  • Market: New York
  • Rent/SF: $64
  • Square Feet: 23,492
  • Landlord: RFR Realty
  • Tenant's Representative: Meghan Allen & Emily Jones -CBRE
  • Broker: Jon C. Sarkisian -CBRE

In this transaction, RFR Realty acted as the landlord, while the tenant's interests were represented by Meghan Allen and Emily Jones from CBRE. The brokerage representation came from Jon C. Sarkisian, also affiliated with CBRE, ensuring both parties were well-represented in this lease deal.

Players

Emily Jones Chabrier

CBRE

Broker

15 deals

Broker
IH
Indigo Property HoldingsBrokerage

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

247859.38%

Cash-on-Cash

-70838.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93