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
About this deal
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.
The office lease at 488 Madison Avenue mid in New York, New York leased for $70 in 2023. The building is 10,593 square feet, implying about 70 per square foot on the published price. Scott Gutnick, Cooper Weisman, Newmark, The Feil Organization appear on the lease alongside Newmark, The Feil Organization. This page is the New York, New York file for the 488 Madison Avenue mid office leased: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else leased near 488 Madison Avenue mid around 2023. Published consideration for 488 Madison Avenue mid is $70, dated 2023. Cite this Kudman Trachten Aloe Posner LLP Leases Office Space At 488 Madison Ave In Midtown Manhattan lease when underwriting similar office product around New York, New York.
On the Map
$70
$70/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Scott Gutnick to view all their deals.
Browse New York office leases on Traded.
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