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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Bain Capital
- Landlord: Park Tower Group
- Tenant's Representatives: Matthew Lorberbaum - Newmark Grubb Knight Frank, Brian Goldman - CapRock Real Estate
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
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