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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 22,000
- Address: 600 Madison Ave, New York, NY, 10022
- Market: New York
- Tenant: Alvarez & Marsal
- Landlord: Ruben Companies
- Tenant's Representative: David Dusek-Cushman & Wakefield
- Landlord's Representatives: Daniel Levine-Newmark, John Schrenker-Ruben Companies
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.
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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