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590 Madison Ave, New York, ...

E.F. Hutton Leases 11057 Square Feet At 590 Madison Ave New York From Edward J. Minskoff Equities
LEASEDOffice

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

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.

Players

Brett Shannon

CBRE

Broker

11 deals

Broker
E
EquitiesLandlord

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