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35 Madison St, New York, NY...

Mission Capital Advisors Leases 35 Madison St Office To Mphasis In New York
LEASEDOffice

Mission Capital Advisors Leases 35 Madison St Office To Mphasis In New York

35 Madison St, New York, NY, 10038

Building Size

13,558 SF

Asset Type

Office

Closing

Apr 16, 2021

AI

Located at 35 Madison St, New York, NY, 10038, this office property in the New York market spans 13,558 square feet, where the lease transaction took place on 04/16/2021 between Mphasis as the tenant and Mission Capital Advisors as the landlord.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant's Representative: William (Bill) Iacovelli(CBRE)

The deal was facilitated by William (Bill) Iacovelli from CBRE, representing Mphasis in the leasing process, showcasing how reputable brokerage services played a crucial role in finalizing the agreement.

Players

William Iacovelli

CBRE

Broker

13 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93