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535 Madison Ave, New York, ...

Bain Capital Leases 15000 Square Feet At 535 Madison Ave From Park Tower Group
LEASEDOffice

Bain Capital Leases 15000 Square Feet At 535 Madison Ave From Park Tower Group

535 Madison Ave, New York, NY, 10022

Building Size

15,000 SF

Asset Type

Office

Closing

Jun 7, 2018

AI

The property involved in this lease transaction is located at 535 Madison Ave, New York, NY, 10022. It has a total area of 15,000 square feet and is situated in the New York market.

Summary of transaction details:

The deal features Bain Capital as the tenant and Park Tower Group as the landlord. The transaction is facilitated by representatives Matthew Lorberbaum from Newmark Grubb Knight Frank and Brian Goldman from CapRock Real Estate, ensuring proper negotiation and agreement between the involved parties.

Players

Brian Goldman

CapRock Real Estate

Broker

$4.4M

vol

4 deals

Broker
Bain Capital
Bain CapitalLender
Bain Capital
Bain CapitalTenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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