Carlton Group Leases 6000 SF Office At 360 Madison Ave, New York<nav>auceruen AROI</nav>
360 Madison Ave, New York, NY, 10017
Building Size
6,000 SF
Asset Type
Office
Closing
Jul 12, 2019
AI
The office property located at 360 Madison Ave, New York, NY, 10017, with a total area of 6000 square feet, was leased on 07/12/2019. The tenant, Carlton Group, negotiated the lease with the landlord, Stawski Partners. The tenant was represented by Peter Goldich from ATCO Properties & Management and William Carr from ABS Partners Real Estate.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not applicable
- Address: 360 Madison Ave, New York, NY, 10017
- Market: New York
- Tenant: Carlton Group
- Landlord: Stawski Partners
- Square Feet: 6000
The negotiation process for the lease involved Peter Goldich from ATCO Properties & Management and William Carr from ABS Partners Real Estate, who represented the tenant, Carlton Group. On the other side, Stawski Partners acted as the landlord in the transaction. The terms of the lease were finalized on the specified date, marking a successful deal for all parties involved.
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