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575 Madison Avenue

JTC Group Signs 15,926 Square Foot Office Lease At 575 Madison Avenue In Midtown Manhattan
LEASEDOffice

JTC Group Signs 15,926 Square Foot Office Lease At 575 Madison Avenue In Midtown Manhattan

575 Madison Avenue

Building Size

15,926 SF

Asset Type

Office

Closing

Sep 4, 2025

AI

The asset involved in this transaction is an office located at 575 Madison Avenue in Midtown Manhattan. This property has a total square footage of 15,926. The current market is indicative of a robust demand for office space in this prestigious area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 575 Madison Avenue
  • Market: Midtown Manhattan
  • Square Footage: 15,926
  • Landlord: Michael Steinberg - Steinberg & Pokoik Management
  • Tenant: JTC Group
  • Brokerage Firm: CBRE
  • Brokers Involved: David Hollander, Gregg Rothkin, Brad Auerbach, Maxwell Tarter, William Hooks, John G. Nugent, Joseph D’Apice

JTC Group has signed a lease to occupy the office space at 575 Madison Avenue, relocating from Rockefeller Center, marking a strategic move within the Midtown Manhattan market.

Players

David Hollander

CBRE

Broker

12 deals

Broker
CBRE
CBREBrokerage

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