Raymond Weil Leases Office Space At 485 Madison Avenue With Landlord Jack Resnick & Sons
485 Madison Avenue
$65
$65/SF
Building Size
5,739 SF
Asset Type
Office
Closing
Feb 10, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 485 Madison Avenue in the Manhattan market. The space has a total square footage of 5,739 sq ft and is leased under a modified gross lease with an asking rent of $65 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65/ft
- Lease Type: Modified Gross Lease
- Landlord: Jack Resnick & Sons
- Tenant: Raymond Weil
- Landlord's Representative: Adam Rappaport - Jack Resnick & Sons
- Tenant's Representatives: Jason Neman & Daniel Lolai - LSL Advisors
The key individuals involved in this transaction include Adam Rappaport, representing Jack Resnick & Sons as the landlord's representative. The tenant, Raymond Weil, is represented by Jason Neman and Daniel Lolai from LSL Advisors, indicating a collaborative effort in securing the lease agreement.
On the Map
$65
$65/SF
Office
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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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93