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41 Madison Avenue

Updated Sep 18, 2026

LEASEDOffice

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:

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.

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Players

Robert Steinman

Rudin Management Company

Broker

13 deals

Broker
Michael Rudin

Michael Rudin

Rudin Management Company

Landlord

$5.7B

vol

31 deals

Landlord
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ZipTenant
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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

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