ESL Gaming Signs Five-Year Lease For 8330 Sq. Ft. Office At 551 Madison Avenue
551 Madison Avenue
Building Size
8,330 SF
Asset Type
Office
Closing
Nov 17, 2025
About this deal
AI
551 Madison Avenue is an office asset located in Midtown Manhattan, featuring an area of 8,330 square feet. ESL Gaming has signed a lease for space on the 14th floor of this building, which is managed by Lexin Capital.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Term: five-year lease
- Landlord: Metin Negrin - Lexin Capital
- Tenant: ESL Gaming
- Landlord's Representative: Gregory Wang, Kate Roush, Nicole Danyi & Robert Wizenberg - JLL
- Tenant's Representative: Sheena Gohil & Jack Senske - Colliers
ESL Gaming's lease marks its introduction to the New York City market. The property is witnessing an increase in demand as it also attracts tenants such as North Bridge, Crivelli USA, Recharge Capital, and Han Kun Law Offices.
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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