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477 Madison Avenue

Treville Capital Group Leases 18,412 Square Foot Office At 477 Madison Avenue In Midtown Manhattan
LEASEDOffice

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

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.

Players

Arkady Smolyansky

CBRE

Broker

11 deals

Broker
Michael Fuchs

Michael Fuchs

RFR

Landlord

$3.6B

vol

25 deals

Landlord

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