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295 Madison Avenue

The Eretz Group Leases Office Space To Dedagroup North America Inc. At 295 Madison Avenue
LEASEDOffice

The Eretz Group Leases Office Space To Dedagroup North America Inc. At 295 Madison Avenue

295 Madison Avenue

$67

$67/SF

Building Size

1,600 SF

Asset Type

Office

Closing

Mar 16, 2026

AI

The asset involved in this transaction is an office space located at 295 Madison Avenue in the Manhattan market, encompassing a total of 1,600 square feet with an asking rent of $67 per square foot. The lease term spans 3 years, categorized as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $67/ft
  • Lease Term: 3 years
  • Landlord: The Eretz Group
  • Tenant: Dedagroup North America Inc.
  • Landlord's Representative: Steven Evans, Emre Bozkurt & Joseph Zalta - Platinum Commercial
  • Tenant's Representative: William J. McCollum - Prime Manhattan Realty

The transaction included representatives from both sides, with the landlord represented by Steven Evans, Emre Bozkurt, and Joseph Zalta from Platinum Commercial, while the tenant was represented by William J. McCollum of Prime Manhattan Realty.

Players

Steven Evans

Platinum Commercial

Broker

$36.1M

vol

47 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

236761.19%

Cash-on-Cash

-67667.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93