Landmark Partners Leases Office Space At 437 Madison Ave, New York
437 Madison Ave, New York, NY, 10022
$95
$95/SF
Building Size
7,779 SF
Asset Type
Office
Closing
Apr 30, 2018
AI
The property located at 437 Madison Ave, New York, NY, 10022, is an office asset spanning 7,779 square feet. The lease agreement, dated April 30, 2018, involves Landmark Partners as the tenant represented by Nicholas (Nick) Gilman of Byrnam Wood. The landlord in this transaction is Travelers Companies, with the rental rate set at $95 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Landmark Partners
- Landlord: Travelers Companies
- Tenant's Rep: Nicholas (Nick) Gilman (Byrnam Wood)
- Rent/SF: $95
- Square Feet: 7779
In this lease deal, Landmark Partners enlisted Nicholas (Nick) Gilman of Byrnam Wood as their representative. The agreement was made with the Travelers Companies for the office space at 437 Madison Ave in New York. The transaction showcases the collaborative effort involving key individuals and companies in the New York office market.
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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93