LEASEDOffice
BrightTower Leases 13,857 Square Feet Office Space At 41 Madison Avenue Flatiron District
41 Madison Avenue
Building Size
13,857 SF
Asset Type
Office
Closing
Mar 9, 2026
AI
The asset involved in this transaction is an office space located at 41 Madison Avenue in Manhattan’s Flatiron District, covering an area of 13,857 square feet on the entire 32nd floor.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 41 Madison Avenue
- Market: Flatiron District
- Landlord: Rudin Management Company
- Tenant: BrightTower
- Landlord's Representative: Robert Steinman - Rudin Management Company
- Tenant's Representatives: Neil King & Alexander Golod - CBRE
BrightTower, an investment bank, has relocated its headquarters from 110 East 25th Street to this new office space at 41 Madison Avenue. The lease was officially signed on 03/09/2026.
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