RFR Signs 18,038 Square Foot Lease With SPORTFIVE At 477 Madison Avenue, Midtown Manhattan
477 Madison Avenue
Building Size
18,038 SF
Asset Type
Office
Closing
Apr 27, 2026
About this deal
AI
The property at 477 Madison Avenue is an office space within a boutique office tower, totaling 18,038 square feet. It is located in Midtown Manhattan, a prime market for commercial real estate. The landlord for this transaction is RFR, headed by Aby Rosen.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 477 Madison Avenue
- Market: Midtown Manhattan
- Asset Size: 18,038 square feet
- Landlord: Aby Rosen - RFR
- Tenant: SPORTFIVE
- Landlord's Representatives: AJ Camhi, Paul Milunec - RFR; Rob Weller, Arkady Smolyansky, Alexander D’Amario - CBRE
- Tenant's Representatives: Peter Van Duyne, Alex Lachmund - Cushman & Wakefield
SPORTFIVE signed a lease for its new U.S. headquarters, marking a commitment to establishing its presence in the American market. The involved representatives from RFR and CBRE played a crucial role in facilitating this lease agreement.
On the Map
Office
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Players
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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