Mphasis Signs 10-Year Lease Extension For Office Space At 41 Madison Avenue In Manhattan
41 Madison Avenue
Building Size
—
Asset Type
Office
Closing
Oct 22, 2026
About this deal
AI
The property asset involved is located at 41 Madison Avenue in Manhattan, categorized as an office asset. Mphasis has executed a lease extension and expansion that adds 14,151 square feet, resulting in a total occupancy of 27,709 square feet across the 35th and 36th floors of the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 41 Madison Avenue
- Market: Manhattan
- Landlord: Michael Rudin & Samantha Rudin Earls - Rudin
- Tenant: Mphasis
- Landlord's Representative: Robert Steinman & Craig Panzirer - Rudin
- Tenant's Representative: William Iacovelli & Patrick Moroney - CBRE
- Lease Terms: 10-year lease extension
The deal includes notable representatives from both sides, with Robert Steinman and Craig Panzirer representing the landlords, Rudin. On the tenant side, William Iacovelli and Patrick Moroney from CBRE represent Mphasis in this transaction.
On the Map
Office
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Players
Madison 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