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Madison Avenue

Harvey AI Expands Office Lease At One Madison Avenue In Manhattan To 185326 Square Feet
LEASEDOffice

Harvey AI Expands Office Lease At One Madison Avenue In Manhattan To 185326 Square Feet

Madison Avenue

Building Size

185,326 SF

Asset Type

Office

Closing

Mar 9, 2026

AI

The property involved in this transaction is an office asset located on Madison Avenue in Manhattan, encompassing a total square footage of 185,326. The lease carries an asking rent of approximately $120 per square foot.

Summary of transaction details:

The tenant, Winston Weinberg, is affiliated with Harvey AI, which has expanded its presence at One Madison Avenue, increasing its space significantly after an initial lease of 92,663 square feet in October. The deal has contributed to SL Green achieving approximately 900,000 square feet of leasing activity across its New York portfolio in the first quarter of 2026, indicating a strong leasing environment.

Players

Alexander Chudnoff

JLL

Broker

$38.2M

vol

19 deals

Broker
Marc Holliday

Marc Holliday

SL Green

Landlord

$9.6B

vol

41 deals

Landlord
Winston Weinberg

Winston Weinberg

Harvey AI

Tenant

6 deals

Tenant

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