Orion Energy Partners Leases Office Space On Madison Ave In New York
292 Madison Ave, New York, NY, 10017
Building Size
5,700 SF
Asset Type
Office
Closing
May 13, 2020
AI
The office property located at 292 Madison Ave, New York, NY, 10017, spans 5700 square feet. The lease for this office space was finalized on 05/13/2020 in the New York market. The tenant, Orion Energy Partners, secured the leasing deal represented by Paige Engeldrum from Cushman & Wakefield. The landlord in this transaction is the Vanbarton Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Orion Energy Partners
- Tenant's Rep: Paige Engeldrum (Cushman & Wakefield)
- Landlord: Vanbarton Group
- Market: New York
- Address: 292 Madison Ave, New York, NY, 10017
- Square Feet: 5700
Paige Engeldrum from Cushman & Wakefield served as the tenant's representative in this lease deal, ensuring a successful agreement between Orion Energy Partners and the Vanbarton Group.
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