Loeb Partners Realty And George Comfort & Sons Refinance Office Building At 200 Madison Avenue For $150M
200 Madison Avenue
$150,000,000
$247/SF
Building Size
606,148 SF
Asset Type
Office
Closing
Aug 25, 2026
About this deal
AI
The asset involved in the transaction is an office building located at 200 Madison Avenue in the Grand Central market of Manhattan, comprising a total area of 606,148 square feet. The property was refinanced with a loan amounting to $150,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $150,000,000
- Address: 200 Madison Avenue
- Market: Grand Central, Manhattan
- Asset Size: 606,148 SF
- Lender: New York Life Insurance Co.
- Landlord: Matthew Maguire - Loeb Partners Realty
- Landlord: Peter Duncan - George Comfort & Sons
- Loan Type: Refinance
Loeb Partners Realty and George Comfort & Sons are the landlords involved in this refinancing deal, highlighting the collaboration between these two companies in securing financial support from New York Life Insurance Company for the office property.
On the Map
$150,000,000
$247/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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93