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340 Madison Ave, New York, ...

RXR Realty Leases 70277 Square Feet At 340 Madison Ave New York With Representatives David Falk And David Simson
LEASEDOffice

RXR Realty Leases 70277 Square Feet At 340 Madison Ave New York With Representatives David Falk And David Simson

340 Madison Ave, New York, NY, 10173

Building Size

70,277 SF

Asset Type

Office

Closing

Jun 3, 2022

AI

The lease involved in this transaction encompasses a property located at 340 Madison Ave, New York, NY, 10173, within the New York market. The property comprises a total area of 70,277 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 340 Madison Ave, New York, NY, 10173
  • Market: New York
  • Tenant's Representative: David Falk, David Simson - Newmark
  • Landlord: RXR Realty
  • Square Feet: 70,277

The transaction features representatives from Newmark, with David Falk and David Simson acting on behalf of the tenant in securing the lease from RXR Realty, identifying the key players involved in this deal.

Players

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
RXR Realty
RXR RealtyLandlord

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