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488 Madison Avenue mid

Kudman Trachten Aloe Posner LLP Leases Office Space At 488 Madison Ave In Midtown Manhattan
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

Cooper Weisman

Newmark

Broker

7 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage
The Feil Organization
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