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

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LEASED
$85

New York

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Office12,945 SF
Leased 04/30/2018
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Property Image
LEASED

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

437 Madison Ave, New York, NY, 10022

See Similar Deals
Office12,945 SF
Leased 04/30/2018
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$85
Total Square Footage:12,945 SF
Transaction Type:Lease

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
3 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: 04/30/2018 ADDRESS: 437 Madison Ave, New York, NY, 10022 MARKET: New York ASSET TYPE: Office TENANT'S REP: Nick Zarnin(Savills) TENANT: ACT Commodities LANDLORD: Travelers Companies RENT/SF: 85 SQUARE FEET: 12945

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Deal Type
Effective Rent (Annual)

$1,261,399.30

Total Lease Value

$12,613,993.00

Net Landlord Cash Flow$1,261,399.30