Eric Rudin & William Rudin Secure $64M Loan For Office Building At 41 Madison Avenue
41 Madison Avenue
$64,000,000
$121/SF
Building Size
524,937 SF
Asset Type
Office
Closing
Jun 10, 2026
About this deal
AI
The property asset involved in the transaction is located at 41 Madison Avenue in Manhattan. It is classified as an office asset with a significant commercial footprint totaling 524,937 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $64,000,000
- Lender: The Prudential Insurance Company of America
- Landlord: Eric Rudin & William Rudin - Rudin Management
The deal involved landlords Eric Rudin and William Rudin, who are affiliated with Rudin Management. They secured the loan from The Prudential Insurance Company of America, demonstrating a strategic financing move for their office property in Manhattan.
On the Map
$64,000,000
$121/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93