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
About this deal
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.
On the Map
$64
$64/SF
Office
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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
247859.38%
Cash-on-Cash
-70838.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93