facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

645 Madison Avenue

Elad Group Leases 7000 SF Office Space At 645 Madison Avenue With Titan Golden Property Investor
LEASEDOffice

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

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Elad Group
Elad GroupTenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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