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
About this deal
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.
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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