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444 Madison Ave, New York, ...

444 Madison Ave
LEASEDOffice

444 Madison Ave

444 Madison Ave, New York, NY, 10022

Building Size

6,990 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 444 Madison Ave, New York, NY, 10022. It encompasses a total area of 6,990 square feet within the New York market. The landlord for this transaction is Westbrook Partners.

Summary of transaction details:

The transaction features the representation of the tenant by Bryan Boisi and Jonathan Schindler from Cushman & Wakefield, which highlights the involvement of experienced brokers in this deal. The landlord, Westbrook Partners, is also noted as a key player in this lease transaction.

Players

Jonathan Schindler

Cushman & Wakefield

Broker

$9.4M

vol

9 deals

Broker
Westbrook Partners
Westbrook PartnersLender
Westbrook Partners
Westbrook PartnersLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93