Alex Sapir Of Sapir Organization Secures $105 Million Loan For 261 Madison Avenue Office Building
261 Madison Avenue
$105,000,000
$263/SF
Building Size
398,000 SF
Asset Type
Office
Closing
Oct 15, 2026
About this deal
AI
261 Madison Avenue is a 398,000-square-foot, 28-story office building located in Midtown Manhattan. The property was refinanced for a total loan amount of $105 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $105,000,000
- Asset Address: 261 Madison Avenue
- Market: Midtown Manhattan
- Lender: Genesis Credit
- Landlord: Alex Sapir - Sapir Organization
- Broker Representatives: Anthony Orso, Ari Schwartzbard & Clifford Welden - Newmark
- Loan Type: Refinance
The refinancing was secured by the Sapir Organization. The deal involved key representatives from Newmark, highlighting the collaboration among industry professionals in facilitating the transaction.
On the Map
$105,000,000
$263/SF
Office
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Players
Owenton 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93