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600 Madison Ave, New York, ...

Reza Jewelry Leases Office Space At 600 Madison Ave In New York
LEASEDOffice

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

Michael Remer

JLL

Broker

2 deals

Broker
Ruben Companies
Ruben CompaniesLandlord

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