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437 Madison Ave, New York, ...

Landmark Partners Leases Office Space At 437 Madison Ave, New York
LEASEDOffice

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

Nicholas Gilman

Byrnam Wood

Broker

1 deal

Broker
TC
Travelers CompaniesLandlord
LP
Landmark PartnersTenant

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