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
About this deal
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.
On the Map
Office
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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