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485 Madison Avenue

Spencer Rothschild Of Coalition Space Leases Office At 485 Madison Avenue From Jack Resnick & Sons
LEASEDOffice

Spencer Rothschild Of Coalition Space Leases Office At 485 Madison Avenue From Jack Resnick & Sons

485 Madison Avenue

Building Size

15,736 SF

Asset Type

Office

Closing

Mar 31, 2025

AI

The property involved in this transaction is an office asset located at 485 Madison Avenue in New York City. The lease agreement spans a date until March 31, 2025, encompassing a total of 15,736 square feet. The landlord for this property is Jonathan Resnick from Jack Resnick & Sons.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 485 Madison Avenue
  • Market: New York City
  • Landlord: Jonathan Resnick - Jack Resnick & Sons
  • Tenant: Spencer Rothschild - Coalition Space
  • Tenant's Representative: Bert Rosenblatt (Cresa), Alex Gerome (Cresa)
  • Landlord's Representatives: Adam Rappaport (Jack Resnick & Sons), Brett Greenberg (Jack Resnick & Sons)

This deal was executed involving key personnel from both sides. The representatives for the tenant are Bert Rosenblatt and Alex Gerome from Cresa, while the landlord’s interests were managed by Adam Rappaport and Brett Greenberg from Jack Resnick & Sons, highlighting the teams involved in facilitating this lease agreement.

Players

Bert Rosenblatt

Cresa

Broker

1 deal

Broker
Jonathan Resnick

Jonathan Resnick

Jack Resnick & Sons

Landlord

$18M

vol

7 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