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
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