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
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