Zip Leases 13,394 Square Feet At Rudin's 41 Madison Avenue In NoMad For 11 Years
41 Madison Avenue
Building Size
13,394 SF
Asset Type
Office
Closing
Sep 17, 2026
About this deal
AI
The property asset involves an office lease located at 41 Madison Avenue in the NoMad neighborhood of Manhattan. The leased space comprises 13,394 square feet on the entire 18th floor, and the lease is set to commence in April 2027 under an 11-year agreement.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 41 Madison Avenue
- Market: NoMad, Manhattan
- Landlord: Michael Rudin & Samantha Rudin Earls - Rudin Management Company
- Tenant: Zip
- Landlord's Representative: Robert Steinman & Craig Panzirer - Rudin Management Company
- Tenant's Representative: Joseph Gervino & Ryan Grecco - Avison Young
The key individuals involved in the transaction include landlord representatives Robert Steinman and Craig Panzirer from Rudin Management Company, as well as tenant representatives Joseph Gervino and Ryan Grecco from Avison Young. This lease agreement reflects the strategic interests of both the landlord and the tenant in the rapidly developing NoMad area.
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