Reza Jewelry Leases Office Space At 600 Madison Ave In New York
600 Madison Ave, New York, NY, 10022
Building Size
3,691 SF
Asset Type
Office
Closing
Dec 9, 2020
AI
The office property located at 600 Madison Ave, New York, NY, 10022, boasts 3,691 square feet of space. The lease for this property was successfully executed on 12/09/2020 in the vibrant market of New York. Reza Jewelry, as the tenant, secured this space from the landlord, Ruben Companies, with Michael Remer from JLL representing the tenant's interests.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Reza Jewelry
- Landlord: Ruben Companies
- Square Feet: 3,691
- Tenant's Rep: Michael Remer(JLL)
The successful lease transaction at 600 Madison Ave showcased the collaboration between Reza Jewelry, the tenant, and Ruben Companies, the landlord. With Michael Remer from JLL facilitating the deal as the tenant's representative, all parties involved in this transaction contributed to its successful completion.
Players
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