Elie Reiss Of Skylight Leasing Represents Tenant In Lease At 72 Madison Ave New York
72 Madison Ave, New York, NY, 10016
Building Size
20,000 SF
Asset Type
Office
Closing
Mar 1, 2018
AI
The property involved in this transaction is located at 72 Madison Ave, New York, NY, 10016. This lease encompasses a total area of 20,000 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 72 Madison Ave, New York, NY, 10016
- Square Feet: 20,000
- Tenant's Representative: Elie Reiss - Skylight Leasing
- Landlord: Moinian Group
The deal features representation by Elie Reiss from Skylight Leasing, acting on behalf of the tenant in this transaction. The landlord for the property is the Moinian Group, which manages the lease agreement.
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