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360 Madison Ave, New York, ...

Carlton Group Leases 6000 SF Office At 360 Madison Ave, New York<nav>auceruen AROI</nav>
LEASEDOffice

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

William Carr

ABS Partners Real Estate

Broker

3 deals

Broker
Stawski Partners
Stawski PartnersLandlord

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