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41 Madison Avenue

Updated Oct 26, 2026

Mphasis Signs 10-Year Lease Extension For Office Space At 41 Madison Avenue In Manhattan
LEASEDOffice

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:

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.

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Office

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Players

Robert Steinman

Rudin

Broker

14 deals

Broker
Michael Rudin

Michael Rudin

Rudin

Landlord

$5.7B

vol

33 deals

Landlord
Mphasis
MphasisTenant
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Madison Office Market Snapshot

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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

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