HL Group Leases 13115 Square Feet At 350 Madison Ave New York From RFR Realty With CBRE
350 Madison Ave, New York, NY, 10017
Building Size
13,115 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property asset involved in the transaction is located at 350 Madison Ave, New York, NY, 10017. The lease encompasses an area of 13,115 square feet in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 13,115
- Address: 350 Madison Ave, New York, NY, 10017
- Market: New York
- Tenant: HL Group
- Landlord: RFR Realty
- Tenant's Representative: Frederick Fackelmayer - CBRE
Frederick Fackelmayer of CBRE acted as the representative for the tenant, HL Group, in this lease transaction with RFR Realty as the landlord. This collaboration highlights the key players and their roles in finalizing the deal.
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