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
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