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545 Madison Avenue, New Yor...

Ogden CAP Properties Leases Office Space At 545 Madison Avenue In Midtown Manhattan
LEASEDOffice

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

Tara Stacom

Cushman & Wakefield

Broker

17 deals

Broker
Craig Deitelzweig

Craig Deitelzweig

Marx Realty

Landlord

$5.1M

vol

8 deals

Landlord
OP
Ogden CAP PropertiesTenant

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