Ziff Capital Partners Leases 18000 Square Feet At 285 Madison Ave New York With Herbert Chou As Tenant's Representative
285 Madison Ave, New York, NY, 10017
Building Size
18,000 SF
Asset Type
Office
Closing
Jul 7, 2015
About this deal
AI
285 Madison Ave, New York, NY, 10017 is the location of an 18,000 square foot lease agreement involving Ziff Capital Partners. The market for this property is New York.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 18,000
- Tenant: Ziff Capital Partners
- Landlord: RFR Holding
- Tenant's Representative: Herbert Chou, Warburg Realty
- Landlord's Representatives: Alexander Chudnoff, Mitchell Konsker, Dan Turkewitz, JLL; A.J. Camhi, RFR
The lease transaction was brokered by Herbert Chou from Warburg Realty, representing Ziff Capital Partners. The landlord, RFR Holding, had multiple representatives involved in the transaction, showcasing a collaborative approach from the landlord's side.
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