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360 Madison Ave, New York, ...

Aareal Capital Corporation Leases 14683 Square Feet From Stawski Partners At 360 Madison Ave
LEASEDOffice

Aareal Capital Corporation Leases 14683 Square Feet From Stawski Partners At 360 Madison Ave

360 Madison Ave, New York, NY, 10017

Building Size

14,683 SF

Asset Type

Office

Closing

Feb 7, 2019

AI

The property asset involved in this transaction is located at 360 Madison Ave, New York, NY, 10017. This lease transaction encompasses a total area of 14,683 square feet, situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 360 Madison Ave, New York, NY, 10017
  • Square Feet: 14,683
  • Tenant: Aareal Capital Corporation
  • Landlord: Stawski Partners
  • Tenant's Representatives: Michael Bertini - Savills, John Mambrino - Savills

This transaction involved Aareal Capital Corporation as the tenant, with representation from brokers Michael Bertini and John Mambrino from Savills. The landlord in this deal was Stawski Partners.

Players

John Mambrino

Savills

Broker

7 deals

Broker
Aareal Capital Corporation
Aareal Capital CorporationLender
Stawski Partners
Stawski PartnersLandlord
Aareal Capital Corporation
Aareal Capital CorporationTenant

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