E.F. Hutton Leases 11057 Square Feet At 590 Madison Ave New York From Edward J. Minskoff Equities
590 Madison Ave, New York, NY, 10022
Building Size
11,057 SF
Asset Type
Office
Closing
Mar 3, 2022
About this deal
AI
The transaction involves a lease for a commercial property located at 590 Madison Ave, New York, NY, 10022. The property is situated in the New York market and encompasses 11,057 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 590 Madison Ave, New York, NY, 10022
- Market: New York
- Landlord: Edward J. Minskoff Equities
- Tenant: E.F. Hutton
- Landlord's Representative: Brett Shannon (CBRE), Evan Haskell (CBRE)
Brett Shannon and Evan Haskell of CBRE represent Edward J. Minskoff Equities in this leasing transaction. The tenant, E.F. Hutton, is the party acquiring the lease for the premises at the specified address.
On the Map
Office
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Players
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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