Planet Home Lending Leases 2303 Square Feet At 600 Madison Ave New York With Ruben Companies
600 Madison Ave, New York, NY, 10022
Building Size
2,303 SF
Asset Type
Retail
Closing
Dec 9, 2020
About this deal
AI
The transaction involves a lease of a commercial property located at 600 Madison Ave, New York, NY, 10022. The property spans 2,303 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Planet Home Lending
- Landlord: Ruben Companies
- Tenant's Representative: Charles T. Gerace II, Jason Roberts - JLL
- Landlord's Representative: David Falk, Jonathan Franzel - Newmark
In this transaction, the tenant, Planet Home Lending, was represented by Charles T. Gerace II and Jason Roberts from JLL, while the landlord, Ruben Companies, was represented by David Falk and Jonathan Franzel from Newmark.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease 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