Treville Capital Group Signs 10-Year Lease For 18412 SF At 477 Madison Avenue
477 Madison Avenue
Building Size
18,412 SF
Asset Type
Office
Closing
Apr 10, 2025
AI
The property asset involved in this transaction is an office space located at 477 Madison Avenue in Midtown Manhattan, consisting of 18,412 square feet. The landlord for this asset is RFR Holding, represented by Aby Rosen and Michael Fuchs.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 477 Madison Avenue
- Market: Midtown Manhattan
- Lease Term: 10-year
- Landlord: Aby Rosen & Michael Fuchs - RFR Holding
- Tenant: Ali Hamed - Treville Capital Group
- Landlord's Rep: Alexander D’Amario & Arkady Smolyansky - CBRE
- Tenant's Rep: Peter Michailidis - JLL
This lease was facilitated by a collaboration between RFR Holding and Treville Capital Group, with Treville Capital Group's decision to relocate from 437 Madison Avenue marking a strategic move within the landlord's portfolio. The transaction involved representatives from CBRE and JLL, indicating the professional assistance in securing this agreement.
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