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:
- Property Type: Office
- Transaction Amount: $145/ft.
- Address: 545 Madison Avenue, Manhattan
- Square Footage: 11,000
- Landlord: Craig Deitelzweig - Marx Realty
- Tenant: Niobrara Capital
- Landlord's Rep: Tara Stacom, Peter Trivelas, Harry Blair & Remy Liebersohn - Cushman & Wakefield
- Tenant's Rep: C.J Heitner & John Michael Cilmi - Newmark
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
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