BCM One Leases 15875 Square Feet At 295 Madison Ave New York With The Eretz Group
295 Madison Ave, New York, NY, 10017
Building Size
15,875 SF
Asset Type
Office
Closing
Nov 19, 2019
AI
The property involved in this lease transaction is located at 295 Madison Ave, New York, NY, and encompasses a total of 15,875 square feet. The market for this transaction is New York, with the landlord being The Eretz Group and the tenant, BCM One.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 295 Madison Ave, New York, NY, 10017
- Square Feet: 15,875
- Tenant: BCM One
- Landlord: The Eretz Group
- Tenant's Representative: Cryder Bancroft-Colliers International
- Landlord's Representatives: Andrew Braver-Cushman & Wakefield, Eric Hazen-Cushman & Wakefield
- Brokers: Josh Goldsmith-Colliers International
The deal was facilitated with the involvement of Cryder Bancroft representing the tenant, while the landlord was represented by Andrew Braver and Eric Hazen from Cushman & Wakefield. Josh Goldsmith from Colliers International also played a role in the brokerage of this lease transaction.
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