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
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