Mitchell Silberberg & Knupp LLP Leases 18650 SF At 437 Madison Ave New York With Jared Freede's Representation
437 Madison Ave, New York, NY, 10022
Building Size
18,650 SF
Asset Type
Office
Closing
May 30, 2017
AI
The property asset involved in this transaction is located at 437 Madison Ave, New York, NY, 10022. It encompasses a total of 18,650 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Mitchell Silberberg & Knupp LLP
- Landlord: William Kaufman Organization
- Tenant's Representative: Jared Freede - CBRE
This lease transaction highlights the involvement of key representatives in the deal, particularly Jared Freede from CBRE, representing the tenant, Mitchell Silberberg & Knupp LLP, in securing the space from the landlord, William Kaufman Organization.
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