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600 Madison Ave, New York, ...

Alvarez & Marsal Leases 22000 Square Feet At 600 Madison Ave Represented By David Dusek
LEASEDOffice

Alvarez & Marsal Leases 22000 Square Feet At 600 Madison Ave Represented By David Dusek

600 Madison Ave, New York, NY, 10022

Building Size

22,000 SF

Asset Type

Office

Closing

Jul 20, 2018

AI

The lease transaction involves a property located at 600 Madison Ave, New York, NY, 10022, within the New York market. The property encompasses a total area of 22,000 square feet. The landlord for this transaction is Ruben Companies, and the tenant secured in this deal is Alvarez & Marsal.

Summary of transaction details:

This lease transaction is notable for involving key representatives in the commercial real estate sector. David Dusek, representing Alvarez & Marsal through Cushman & Wakefield, played a crucial role in facilitating the deal, while the landlord was represented by Daniel Levine from Newmark and John Schrenker from Ruben Companies.

Players

Daniel Levine

Newmark

Broker

12 deals

Broker
JLL
JLLBrokerage
Ruben Companies
Ruben CompaniesLandlord
Alvarez & Marsal
Alvarez & MarsalTenant

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