Grassi Signs Nine-Year Lease For 25,000 Square Feet At 360 Madison Avenue In Midtown East
360 Madison Avenue
Building Size
25,000 SF
Asset Type
Office
Closing
Jan 7, 2025
About this deal
AI
360 Madison Avenue is an office asset located in Midtown East, offering an expansive space of 25,000 square feet on the seventh floor.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 360 Madison Avenue
- Market: Midtown East
- Landlord: Axel Stawski - Stawski Partners
- Tenant: Louis Grassi - Grassi
- Broker: Mitti Liebersohn - Savills
Accounting firm Grassi will relocate its New York City headquarters to this address, having signed a nine-year lease.
Traded’s record for 360 Madison Avenue in New York, New York covers a office lease from 2025. The building is 25,000 square feet, implying about 0 per square foot on the published price. Mitti Liebersohn, Savills appear on the lease alongside Savills. This page is the New York, New York file for the 360 Madison Avenue office leased: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else leased near 360 Madison Avenue around 2025. Cite this Grassi Signs Nine-Year Lease For 25,000 Square Feet At 360 Madison Avenue In Midtown East lease when underwriting similar office product around New York, New York.
Players
New York Office Market Snapshot
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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