Munich Re Group Leases 150000 Square Feet At 330 Madison Ave New York With JLL's Dave Kleiner
330 Madison Ave, New York, NY, 10017
Building Size
150,000 SF
Asset Type
Office
Closing
Jan 10, 2020
About this deal
AI
The property asset involved in the transaction is located at 330 Madison Ave, New York, NY, 10017. It encompasses a total of 150,000 square feet and falls within the New York market. The landlord of the property is Munich Re Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 330 Madison Ave, New York, NY, 10017
- Market: New York
- Square Feet: 150,000
- Landlord: Munich Re Group
- Landlord's Representative: Dave Kleiner-JLL
The deal features Dave Kleiner from JLL representing the landlord, Munich Re Group, during this lease transaction. The tenant details were not disclosed in the provided context.
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