Ogden CAP Properties Leases Office Space At 545 Madison Avenue In Midtown Manhattan
545 Madison Avenue, New York City, New York 10022, United States
Building Size
42,000 SF
Asset Type
Office
Closing
Aug 9, 2022
AI
Marx Realty has recently leased the office space located at 545 Madison Avenue in Midtown. The property, spanning 42,000 square feet, was leased to Ogden CAP Properties. The lease was facilitated by Tara Stacom and Peter Trivelas from Cushman & Wakefield.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Date: 08/10/2022
- Address: 545 Madison Avenue
- Market: Midtown
Tara Stacom and Peter Trivelas, representing Cushman & Wakefield, were instrumental in the lease transaction of the property. They successfully negotiated an agreement between the landlord, Marx Realty, led by Craig Deitelzweig, and the tenant, Ogden CAP Properties.
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