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
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