Shiseido Americas Corporation Signs Lease At 390 Madison Ave New York With NY Common Retirement Fund
390 Madison Ave, New York, NY, 10017
$100
$100/SF
Building Size
225,818 SF
Asset Type
Office
Closing
Dec 12, 2017
AI
The property involved in this transaction is located at 390 Madison Ave, New York, NY, 10017. The lease agreement pertains to 225,818 square feet of space within the New York market, with a rental rate of $100 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 390 Madison Ave, New York, NY, 10017
- Market: New York
- Tenant: Shiseido Americas Corporation
- Landlord: New York State Common Retirement Fund
- Tenant's Representatives: Lauren Crowley Corrinet, Brian Ertel - CBRE
This transaction involves key representatives from CBRE, with Lauren Crowley Corrinet and Brian Ertel acting on behalf of the tenant, Shiseido Americas Corporation, in negotiations with the landlord, the New York State Common Retirement Fund.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93