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437 Madison Avenue

Sage Realty Secures $160 Million Refinance From Wells Fargo For 437 Madison Avenue Office
FINANCEDOffice

Sage Realty Secures $160 Million Refinance From Wells Fargo For 437 Madison Avenue Office

437 Madison Avenue

$160,000,000

Building Size

Asset Type

Office

Closing

Apr 9, 2026

AI

The property asset involved in this transaction is located at 437 Madison Avenue, in the Manhattan market. This office asset features a 39-story structure and has a loan amount of $160,000,000 from Wells Fargo, which is a refinancing deal replacing a prior loan of $185,000,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $160,000,000
  • Lender: Wells Fargo
  • Landlord: Sage Realty
  • Previous Loan Amount: $185,000,000
  • Date of Transaction: 04/09/2026

This transaction was facilitated by Sage Realty Corp., which took steps to secure the refinancing from Wells Fargo Bank. The deal reflects significant financial activity within the Manhattan office market. Jonathan Iger's involvement in the transaction adds to the professional representation behind this refinancing effort.

Players

Wells Fargo
Wells FargoLender

Jonathan Iger

Sage realty

Landlord

$747.5M

vol

7 deals

Landlord

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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93