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444 Madison Ave, New York, ...

Schwartz Sladkus Reich Greenberg Atlas Leases Office At 444 Madison Ave, New York
LEASEDOffice

Schwartz Sladkus Reich Greenberg Atlas Leases Office At 444 Madison Ave, New York

444 Madison Ave, New York, NY, 10022

Building Size

12,000 SF

Asset Type

Office

Closing

Sep 13, 2022

AI

The office property located at 444 Madison Ave, New York, NY, 10022, in the vibrant market of New York, encompasses 12,000 square feet. The lease was finalized on 09/13/2022, with Schwartz Sladkus Reich Greenberg Atlas as the tenant and Westbrook Partners as the landlord. The Tenant's Representative was Mitchell Konsker from JLL, while the Landlord's Representatives were Meghan Allen and Paul Amrich from CBRE.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Schwartz Sladkus Reich Greenberg Atlas
  • Landlord: Westbrook Partners
  • Tenant's Rep: Mitchell Konsker (JLL)
  • Landlord's Reps: Meghan Allen (CBRE), Paul Amrich (CBRE)
  • Address: 444 Madison Ave, New York, NY, 10022
  • Market: New York
  • Square Feet: 12,000

The involvement of key individuals in the lease transaction included Mitchell Konsker from JLL representing the tenant, Schwartz Sladkus Reich Greenberg Atlas, and Meghan Allen and Paul Amrich from CBRE representing the landlord, Westbrook Partners. This collaboration between the Tenant's Representative and the Landlord's Representatives facilitated the successful leasing of the 12,000 square feet office space at 444 Madison Ave.

Players

Paul Amrich

CBRE

Broker

37 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