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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Nick Zarnin to view all their deals.
Browse New York office leases on Traded.
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