Elad Group Leases 7000 SF Office Space At 645 Madison Avenue With Titan Golden Property Investor
645 Madison Avenue
$120
$120/SF
Building Size
7,000 SF
Asset Type
Office
Closing
Feb 28, 2026
AI
The property asset involved in this transaction is an office lease at 645 Madison Avenue, located in the Manhattan market. The asking rent is set at $120 per square foot for a total area of 7,000 square feet. The landlord for this lease is Titan Golden Property Investor, represented by Titan Golden.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $120/ft
- Address: 645 Madison Avenue
- Market: Manhattan
- Asset Type: Office
- Lease Type: Office Lease
- Landlord: Titan Golden Property Investor
- Tenant: Elad Group
- Brokers: Marc Sitt & Albert Sultan - KSR
- Square Footage: 7,000
The key individuals involved in this transaction are Marc Sitt and Albert Sultan, who are associated with KSR and represent the tenant, Elad Group. Their role in this deal is essential as they navigate the leasing process between the landlord and tenant, ensuring that the terms are agreed upon and finalized.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93