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Capital Fund Management Leases 23000 Square Feet At 510 Madison Avenue For $160 Per Square Foot

Property Image
LEASED
$160
Lisa Ann Pollakowski
+ 2

New York

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Office23,000 SF
Leased 08/04/2025
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Property Image
LEASED

Capital Fund Management Leases 23000 Square Feet At 510 Madison Avenue For $160 Per Square Foot

510 Madison Avenue

See Similar Deals
Office23,000 SF
Leased 08/04/2025
Lisa Ann Pollakowski
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$160
Total Square Footage:23,000 SF
Transaction Type:Lease

The property asset involved in this transaction is located at 510 Madison Avenue in Manhattan. It is an office space with a total square footage of 23,000. The asking rent for the space is set at $160 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $160/ft
  • Address: 510 Madison Avenue
  • Market: Manhattan
  • Landlord: Owen D. Thomas - BXP
  • Tenant: Capital Fund Management
  • Landlord's Representative: Will Stark & Heather Kahn - Boston Properties
  • Tenant's Representative: Richard Plehn & Lisa Ann Pollakowski - Lee & Associates
  • Square Footage: 23,000

Capital Fund Management is relocating to this new office space from the Chrysler Building, occupying two floors at the new address. This transaction highlights the involvement of key representatives from both the landlord and tenant sides, ensuring a successful agreement in the Manhattan market.

Players

Lisa Ann Pollakowski
2 deals
BROKER

Richard Plehn
Lee & Associates
5 deals
BROKER





Lee & Associates
BROKERAGE


18 deals$2B volume
LANDLORD

LANDLORD

Details

LEASED
IMAGE: Will Stark, Heather Kahn, Owen D. Thomas, Lisa Ann Pollakowski & Richard Plehn DATE: 08/04/2025 ADDRESS: 510 Madison Avenue MARKET: Manhattan ASSET TYPE: Office LANDLORD: Owen D. Thomas - BXP (@BXP_Inc) TENANT: Capital Fund Management LANDLORD'S REP: Will Stark & Heather Kahn - Boston Properties TENANT'S REP: Richard Plehn & Lisa Ann Pollakowski - Lee & Associates (@LeeAssociatesNYC) ASKING RENT: $160/ft ~ SF: 23,000 NOTE: Capital Fund Management is relocating from the Chrysler Building to 23,000 square feet across two floors at 510 Madison Avenue, with asking rent at $160 per square foot.

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Deal Type
Effective Rent (Annual)

$4,218,707.59

Total Lease Value

$42,187,075.87

Net Landlord Cash Flow$4,218,707.59