Rudin Management Company Secures $140 Million Refinance Loan For 41 Madison Avenue Office Tower
41 Madison Avenue
$140,000,000
$266/SF
Building Size
524,937 SF
Asset Type
Office
Closing
Jun 11, 2026
AI
The asset involved in the transaction is a 524,937-square-foot office building located at 41 Madison Avenue, situated in the Flatiron District of Manhattan. The property has been refinanced with a loan amount of $140,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $140,000,000
- Address: 41 Madison Avenue
- Market: Flatiron District, Manhattan
- Lender: PGIM
- Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
- Loan Type: Refinance
The refinancing transaction was executed by Rudin Management through 41 Madison L.P., securing a loan from PGIM Real Estate via The Prudential Insurance Company of America.
Players
Madison 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