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551 Madison Avenue

ESL Gaming Signs Five-Year Lease For 8330 Sq. Ft. Office At 551 Madison Avenue
Office

ESL Gaming Signs Five-Year Lease For 8330 Sq. Ft. Office At 551 Madison Avenue

551 Madison Avenue

Building Size

8,330 SF

Asset Type

Office

Closing

Nov 17, 2025

AI

551 Madison Avenue is an office asset located in Midtown Manhattan, featuring an area of 8,330 square feet. ESL Gaming has signed a lease for space on the 14th floor of this building, which is managed by Lexin Capital.

Summary of transaction details:

ESL Gaming's lease marks its introduction to the New York City market. The property is witnessing an increase in demand as it also attracts tenants such as North Bridge, Crivelli USA, Recharge Capital, and Han Kun Law Offices.

Players

Robert Wizenberg

JLL

Broker

13 deals

Broker
JLL
JLLBrokerage
Colliers
ColliersBrokerage
JLL
JLLBrokerage

New York Office Market Snapshot

Boundary boundary · Office · All transaction types transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93