Clarick Gueron Reisbaum Leases 41 Madison Avenue Office From Rudin For 11 Years
41 Madison Avenue
Building Size
13,394 SF
Asset Type
Office
Closing
Jun 24, 2024
AI
An 11-year lease was signed for an office space spanning 13,394 square feet located at 41 Madison Avenue in Midtown South. The deal involved the landlords Michael Rudin & Samantha Rudin of Rudin and the tenants Clarick Gueron Reisbaum.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 41 Madison Avenue
- Market: Midtown South
- Asset Type: Office ~ SF: 13,394
Clarick Gueron Reisbaum, the tenant, will be occupying the 23rd floor of Rudin’s 41 Madison Avenue, relocating from their previous 9,078 sq. ft. office at 220 Fifth Avenue. The deal was facilitated by Andrew M. Weiss Jr. of Signature Partners as the tenant's representative and Robert Steinman of Rudin represented the landlords in the transaction.
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