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
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