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290 Madison Avenue

Sioni Group Leases 6,000 SF Office At 290 Madison Avenue To Ferny With LSL Advisors
LEASEDOffice

Sioni Group Leases 6,000 SF Office At 290 Madison Avenue To Ferny With LSL Advisors

290 Madison Avenue

$65

$65/SF

Building Size

6,000 SF

Asset Type

Office

Closing

Nov 22, 2024

AI

The property involved in the transaction is located at 290 Madison Avenue in Manhattan, classified as an office asset. The lease type is a Modified Gross Lease with an asking rent of $65 per square foot for a total space of 6,000 square feet.

Summary of transaction details:

This lease was represented by Raphael Zar, David Lolai, and Daniel Lolai from LSL Advisors, serving as brokers for both the landlord and the tenant during the transaction process.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker

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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93