LEASEDOffice
Kudman Trachten Aloe Posner LLP Leases Office Space At 488 Madison Ave In Midtown Manhattan
488 Madison Avenue mid
$70
$70/SF
Building Size
10,593 SF
Asset Type
Office
Closing
Jan 25, 2023
AI
The lease of an office space located at 488 Madison Ave in Midtown has been finalized. The property, spanning 10,593 square feet, was leased by Kudman Trachten Aloe Posner LLP.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 488 Madison Ave
- Market: Midtown
The lease was facilitated by Cooper Weisman and Scott Gutnick from Newmark, who represented Kudman Trachten Aloe Posner LLP in the deal.
Players
The Feil OrganizationBrokerage
The Feil OrganizationLandlord
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93