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295 Madison Ave, New York, ...

BCM One Leases 15875 Square Feet At 295 Madison Ave New York With The Eretz Group
LEASEDOffice

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:

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

Cryder Bancroft

Colliers

Broker

2 deals

Broker
EG
Eretz GroupLandlord

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