住宅 / 多戶型住宅項目

160 Madison Ave

160 Madison Ave New York, New York 美國 10016-5412
叫價 查詢售價
面積
淨營運收入 淨營運收入 不適用
投資回報率 不適用

文件

進入「交易室」即可查看與此物業相關的獨家文件。

有關本物業的保密文件已上載於交易室以供查閱。要進入交易室,請登入您的帳戶。如尚未建立帳戶,請即建立您的帳戶。如有疑問,請查閱「常見問題」。
我接受保密協議
歡迎建立您的 Investor Centre 帳戶,儲存您的搜尋結果及設定投資偏好,儲存及分享投資機遇,查閱獨家文件及更多。如有疑問,請查閱<a href="#">「常見問題」。</a> 如想進入交易室,請提交申請予我們的物業顧問團隊批核。申請獲批核後,我們將會以電郵通知閣下。如有疑問,請查閱<a href="#">「常見問題」。</a> 您必須先簽署保密協議才可查閱上載於交易室內的專用文件。一經簽署保密協議,表示您同意及確認不會洩露及公開有關本物業的敏感資料。如有疑問,請查閱「常見問題」。
我接受保密協議 我接受保密協議
歡迎建立您的 Investor Centre 帳戶,儲存您的搜尋結果及設定投資偏好,儲存及分享投資機遇,查閱獨家文件及更多。如有疑問,請查閱<a href="#">「常見問題」。</a> 您必須先簽署保密協議才可查閱上載於交易室內的專用文件。一經簽署保密協議,表示您同意及確認不會洩露及公開有關本物業的敏感資料。如有疑問,請查閱「常見問題」。

特點

落成年份 2016
建築面積 淨收入
Number of units 319

物業簡介

Jones Lang LaSalle (“JLL”) has been exclusively retained to facilitate the sale of 160 Madison, located at the corner of 33rd Street and Madison Avenue in New York, NY (the “Property”), a 42-story, 319-unit mixed-use luxury tower including 28,520 SF of retail which is 100% occupied. The Property represents a rare opportunity to purchase a best-in-class trophy asset with a 421a tax abatement and highly accretive assumable NY State HFA bonds. The Property’s unparalleled location provides easy commutes throughout the city via 12 MTA train lines or by walking to millions of square feet of nearby office towers. The next owner can mark rents to market by more than 10% in year one given the recent leasing trends at the Property and nearby Class A properties, and the 17% spread between in-place preferential rents ($88/SF) and maximum legal rents ($102/SF).

投資亮點

Best-In-Class Luxury Product 

  • In addition to the fantastic views from each unit, the finishes include Silestone countertops, Calacatta marble in the penthouse units, Daltile porcelain, glass enclosed showers, and white oak floors 
  • The “Club Madison” membership includes 20,000 SF of amenities including panoramic views of the city from the rooftop deck and lounge, a fitness center overlooking a private park, and several lavish resident lounges


Scarce Investment Opportunity 

  • There are no other large scaled 421-A properties for sale in Manhattan with rent upside as most 421-A opportunities are in the outer boroughs


Accretive Bonds with Swaps 

  • The existing NY State HFA bonds are accretive with a swap in-place until 2028 and a bond maturity in 2046. Additionally the property can support additional mezzanine financing


Upside in Rent 

  • There is a 17% average spread between in-place preferential rents ($88/SF) and maximum legal rents ($102/SF)
  • The last 20 leases have averaged $93/SF compared to in-place averaging $88/SF, representing 5.7% growth 
  • 51% of market rate units have an 8% delta to December 2019 rents allowing for a significant mark to market in year one
  • Comparable Class A properties in surrounding submarkets achieve $109/SF, a 24% potential upside to current average rents


Strongest Demographics in the Country 

  • The average household income of in-place tenants is more than $450,000 indicating that rents can be increased significantly without pressure to existing tenants
  • Most tenants work at prestigious financial service firms or at the large tech firms in Midtown South or near Penn Station Strong Cash on Cash
  • With the current 421a tax abatement expiring in 2036, the low interest rate bonds, and very limited capital expenditures given the 2016 vintage, the average cash on cash will outperform the market 


Walking Oriented Location

  • 160 Madison is located within walking distance of robust job growth in Midtown South, Hudson Yards, and the office nodes surrounding Grand Central Terminal and Penn Station


Retail Mark to Market

  • The corner retail store on Madison Avenue, currently leased to Bo Concept, is paying below market rent at $125/SF due to a COVID amendment providing the opportunity to mark the lease up to $330/SF in 2026.
Last Updated Date: 26 May 2022

提交要求時出現錯誤。請重試或在此提交查

 

私隱通知

仲量聯行(包括附屬公司及聯屬公司)是全球著名的房地產及投資管理服務供應商。我們認真履行保障向我們提供的個人資料的責任。

一般而言,我們向你收集的個人資料僅用於處理你的查詢。

我們致力以適當的安全級別保障你的個人資料,並在法律允許的商業或法律原因下保留我們所需的時間。其後我們將安全及穩妥地刪除有關資料。有關仲量聯行如何處理你的個人資料的更多詳情,請查閱我們的私隱聲明

Last Updated Date: 26 May 2022

如有疑問,請查閱「常見問題」。

JLL 融資顧問服務

JLL可助您管理投資組合及籌集資金。
請即以電郵聯絡我們,瞭解我們如何助您實現願景。