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437 Madison Ave, New York, ...

Updated Oct 29, 2024

ACT Commodities Leases Office Space At 437 Madison Ave, New York
LEASEDOffice

ACT Commodities Leases Office Space At 437 Madison Ave, New York

437 Madison Ave, New York, NY, 10022

$85

$85/SF

Building Size

12,945 SF

Asset Type

Office

Closing

Apr 30, 2018

About this deal

AI

The office property located at 437 Madison Ave, New York, NY, 10022, in the New York market, was leased on 04/30/2018. The tenant, ACT Commodities, secured the space comprising 12,945 square feet at a rate of $85 per square foot. The landlord in this transaction was Travelers Companies, and the tenant was represented by Nick Zarnin from Savills.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: ACT Commodities
  • Square Feet: 12,945
  • Address: 437 Madison Ave, New York, NY, 10022
  • Market: New York
  • Landlord: Travelers Companies
  • Tenant's Rep: Nick Zarnin(Savills)
  • Rent/SF: $85

In this lease deal, ACT Commodities chose Savills' Nick Zarnin as their representative, highlighting the significance of experienced brokerage support in commercial real estate transactions. The involvement of Travelers Companies as the landlord in this agreement further underlines the strategic positioning of businesses in sought-after locations such as 437 Madison Ave, New York.

Players

Nick Zarnin

Savills

Broker

3 deals

Broker
TC
Travelers CompaniesLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $85 per square foot on a published $85 for 12,945 square feet (2018).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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