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527 Madison Ave, New York, ...

Lone Pine Capital Leases 8102 Square Feet At 527 Madison Ave New York From Mitsui Fudosan America
LEASEDOffice

Lone Pine Capital Leases 8102 Square Feet At 527 Madison Ave New York From Mitsui Fudosan America

527 Madison Ave, New York, NY, 10022

Building Size

8,102 SF

Asset Type

Office

Closing

May 29, 2020

AI

The property involved in this transaction is located at 527 Madison Ave, New York, NY, 10022. The asset is situated in the New York market and spans a total of 8,102 square feet. The lease was finalized with Mitsui Fudosan America as the landlord, accommodating the tenant Lone Pine Capital.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Address: 527 Madison Ave, New York, NY, 10022
  • Market: New York
  • Tenant: Lone Pine Capital
  • Landlord: Mitsui Fudosan America
  • Square Feet: 8,102
  • Tenant's Representatives: Cooper Weisman (Newmark), James Rittman (Newmark Knight Frank), Janey Steinmetz (Newmark Knight Frank)

The transaction involved key individuals from Newmark and Newmark Knight Frank representing the tenant, Lone Pine Capital. The brokers in the deal played a significant role in facilitating the lease agreement, showcasing their expertise in the New York real estate market.

Players

Cooper Weisman

Newmark

Broker

7 deals

Broker
Mitsui Fudosan America
Mitsui Fudosan AmericaLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93