444 Madison Ave
444 Madison Ave, New York, NY, 10022
Building Size
6,990 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 444 Madison Ave, New York, NY, 10022
- Market: New York
- Tenant: Freeman & Company
- Tenant's Representative: Bryan Boisi, Jonathan Schindler - Cushman & Wakefield
- Landlord: Westbrook Partners
- Square Feet: 6,990
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.
On the Map
Office
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Players
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