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Kewsong Lee Of BellTower Partners Leases 9,000 SF Office At 545 Madison Avenue For 10 Years

Property Image
LEASED
$125
Tara Stacom
Kewsong Lee
+ 2

New York

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Office9,000 SF
Leased 03/04/2025
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Property Image
LEASED

Kewsong Lee Of BellTower Partners Leases 9,000 SF Office At 545 Madison Avenue For 10 Years

545 Madison Avenue

See Similar Deals
Office9,000 SF
Leased 03/04/2025
Tara Stacom
Kewsong Lee
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$125
Total Square Footage:9,000 SF
Transaction Type:Lease

The asset involved in this transaction is located at 545 Madison Avenue in Midtown Manhattan. It comprises 9,000 square feet of office space, with a lease agreement established at an asking rent of $125 per square foot for the entire 15th floor.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,125,000
  • Address: 545 Madison Avenue
  • Market: Midtown Manhattan
  • Landlord: Craig Deitelzweig
  • Landlord's Agency: Marx Realty
  • Tenant: Kewsong Lee
  • Tenant's Company: BellTower Partners
  • Landlord's Representative: Tara Stacom
  • Landlord's Representative Agency: Cushman & Wakefield
  • Tenant's Representatives: Neil King & Zachary Price
  • Tenant's Representative Agency: CBRE
  • Lease Term: 10 years

This deal involved BellTower Partners securing office space, with Kewsong Lee representing the firm as the tenant. The landlord, represented by Tara Stacom, was Craig Deitelzweig of Marx Realty. The tenant was represented by Neil King and Zachary Price from CBRE.

Players

Tara Stacom
17 deals
BROKER

Neil King
CBRE
29 deals
BROKER

Zachary (Zac) Price
CBRE
11 deals
BROKER

Craig Deitelzweig
8 deals$5.1M volume
LANDLORD

Kewsong Lee
6 deals$211.6M volume
TENANT

Details

LEASED
IMAGE: Kewsong Lee, Tara Stacom, Craig Deitelzweig, Neil King & Zachary Price DATE: 03/04/2025 ADDRESS: 545 Madison Avenue MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: Craig Deitelzweig - Marx Realty (@MarxRealty) TENANT: Kewsong Lee - BellTower Partners LANDLORD'S REP: Tara Stacom - Cushman & Wakefield (@CushWake) TENANT'S REP: Neil King & Zachary Price (@ExzactPrice) - CBRE (@CBRE) ASKING RENT: $125/ft ~ SF: 9,000 LEASE TERM: 10-year lease NOTE: BellTower Partners has signed a 10-year lease for the entire 15th floor of Marx Realty’s 545 Madison Avenue, securing 9,000 square feet at an asking rent of $125 per square foot.

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Deal Type
Effective Rent (Annual)

$1,289,686.42

Total Lease Value

$12,896,864.23

Net Landlord Cash Flow$1,289,686.42