LEASEDOffice
Tenant Leases 33500 Square Feet At 390 Madison Ave New York With JLL Representatives
390 Madison Ave, New York, NY, 10017
Building Size
33,500 SF
Asset Type
Office
Closing
Dec 9, 2021
AI
The lease transaction involved a property located at 390 Madison Ave, New York, NY, 10017, consisting of 33,500 square feet. The market for this transaction is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Unknown
- Address: 390 Madison Ave, New York, NY, 10017
- Square Feet: 33,500
- Market: New York
- Tenant's Representatives: Joseph "Joe" Messina-JLL, Guthrie Garvin-JLL, Ian Lipman-JLL
- Landlord: Unknown
The deal includes multiple representatives from JLL, indicating a collaborative effort in securing the lease for the tenant, while the landlord's identity remains unspecified.
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