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545 Madison Avenue

Niobrara Capital Leases 11,000 Square Feet At 545 Madison Avenue For $145/ft
LEASEDOffice

Niobrara Capital Leases 11,000 Square Feet At 545 Madison Avenue For $145/ft

545 Madison Avenue

$145

$145/SF

Building Size

11,000 SF

Asset Type

Office

Closing

Jun 29, 2026

AI

The asset involved in this transaction is an office space located at 545 Madison Avenue in Manhattan. The property comprises 11,000 square feet on the entire ninth floor, with an asking rent of $145 per square foot.

Summary of transaction details:

Niobrara Capital executed a lease for the entire ninth floor at Marx Realty’s 545 Madison Avenue, where the asking rent was established at $145 per square foot. The representatives involved in this deal included Tara Stacom, Peter Trivelas, Harry Blair, and Remy Liebersohn from Cushman & Wakefield for the landlord, while C.J Heitner and John Michael Cilmi from Newmark represented the tenant.

Players

Tara Stacom

Cushman & Wakefield

Broker

17 deals

Broker
Craig Deitelzweig

Craig Deitelzweig

Marx Realty

Landlord

$5.1M

vol

8 deals

Landlord

Owenton 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

109400.00%

Cash-on-Cash

-31266.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93