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535 Madison Ave, New York, ...

Fried Frank Harris Shriver & Jacobson LLC Leases 14375 Square Feet At 535 Madison Ave
LEASEDOffice

Fried Frank Harris Shriver & Jacobson LLC Leases 14375 Square Feet At 535 Madison Ave

535 Madison Ave, New York, NY, 10022

Building Size

14,375 SF

Asset Type

Office

Closing

Dec 12, 2022

AI

The property asset involved in this transaction is located at 535 Madison Ave, New York, NY, 10022. It encompasses a total of 14,375 square feet and falls within the New York market.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Address: 535 Madison Ave, New York, NY, 10022
  • Square Feet: 14,375
  • Tenant: Fried Frank Harris Shriver & Jacobson LLC
  • Landlord: Park Tower Group
  • Tenant's Rep: Marlee Teplitzky, Craig Reicher (CBRE)
  • Landlord's Rep: Laurence Briody, Jr. (CBRE)
  • Broker: Brian Gell (CBRE)

The deal highlights the involvement of key representatives. Tenant's representatives Marlee Teplitzky and Craig Reicher, both from CBRE, negotiated on behalf of Fried Frank Harris Shriver & Jacobson LLC, while the landlord, Park Tower Group, was represented by Laurence Briody, Jr. from CBRE. Brian Gell, also from CBRE, acted as the broker in this transaction.

Players

Brian Gell

CBRE

Broker

$30.6M

vol

5 deals

Broker
PG
Park Tower GroupLandlord

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