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41 Madison Avenue

Polar Asset Management Partners Leases Full 33rd Floor At 41 Madison Avenue For 11 Years
LEASEDOffice

Polar Asset Management Partners Leases Full 33rd Floor At 41 Madison Avenue For 11 Years

41 Madison Avenue

Building Size

13,357 SF

Asset Type

Office

Closing

May 4, 2026

AI

The property involved in the transaction is an office space located at 41 Madison Avenue in the Flatiron District. The asset spans 13,357 square feet and is part of a lease agreement. The landlords for this property are Samantha Rudin Earls and Michael Rudin, representing Rudin Management Company.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 41 Madison Avenue
  • Market: Flatiron District
  • Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
  • Tenant: Polar Asset Management Partners
  • Broker: Brad Needleman - Newmark
  • Square Footage: 13,357
  • Lease Duration: 11 years

Polar Asset Management Partners is expanding their presence at Rudin’s 41 Madison Avenue by signing an 11-year lease to occupy the full 33rd floor. This move allows them to increase their space from 9,848 square feet as they relocate within the building later this year.

Players

Brad Needleman

Newmark

Broker

2 deals

Broker

Michael Rudin

Rudin Management Company

Broker

$2B

vol

22 deals

Broker

Samantha Rudin Earls

Rudin Management Company

Landlord

$949.9M

vol

12 deals

Landlord
PP
Polar Asset Management PartnersTenant

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