Treville Capital Group Leases 18,412 Square Foot Office At 477 Madison Avenue In Midtown Manhattan
477 Madison Avenue
Building Size
18,412 SF
Asset Type
Office
Closing
Apr 25, 2025
About this deal
AI
The property asset involved in this transaction is an office space located at 477 Madison Avenue in Midtown Manhattan. The space encompasses 18,412 square feet, facilitating commercial operations for its new occupant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 477 Madison Avenue
- Market: Midtown Manhattan
- Landlord: Michael Fuchs & Aby Rosen - RFR
- Tenant: Treville Capital Group
- Landlord's Representative: Alexander D’Amario & Arkady Smolyansky - CBRE
- Tenant's Representative: Peter Michailidis - JLL
- Lease Term: 10 years
Treville Capital Group is relocating from 437 Madison Avenue to occupy the leased space at 477 Madison Avenue. This move marks a significant step for the tenant, facilitated by Peter Michailidis of JLL, who represented them in this transaction.
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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