The Moinian Group Leases 18800 Square Feet At 54 Madison St In New York To Tenant's Rep Ken Fishel
54 Madison St, New York, NY, 10038
Building Size
18,800 SF
Asset Type
Office
Closing
Dec 1, 2022
About this deal
AI
The property involved in this transaction is located at 54 Madison St, New York, NY, with a total area of 18,800 square feet. This transaction takes place within the New York market. The landlord for this lease agreement is The Moinian Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 54 Madison St, New York, NY, 10038
- Square Feet: 18800
- Market: New York
- Landlord: The Moinian Group
- Tenant's Representative: Ken Fishel (Legacy Real Estate)
Ken Fishel from Legacy Real Estate represents the tenant in this lease agreement. The transaction indicates a collaboration between the tenant's representative and the landlord in securing the lease at the specified address.
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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