41 Madison Avenue
This is a refinancing transaction secured by 41 Madison Avenue, a 524,937 SF Midtown South office asset owned by Rudin Management, one of NYC's most reputable and financially stable landlords. The $64M loan at approximately $121/SF reflects a conservative loan-to-value posture, likely indicating meaningful in-place equity and a lender comfortable with the sponsorship's balance sheet strength. Prudential Insurance Company of America is a blue-chip institutional lender, and its participation signals confidence in both the asset quality and sponsor creditworthiness. However, the broader NYC office market continues to face structural headwinds including elevated vacancy, hybrid work trends, and subdued leasing velocity in older Class B/A- product, which tempers the otherwise strong sponsor and lender profile. The deal is clean with no identified distress flags, and the Rudin family's long track record of managing through market cycles provides meaningful downside protection.
Deal Stats
Parties
Seller / Landlord
Rudin Management Company is one of New York City's most storied and well-capitalized family-owned real estate firms, with a portfolio exceeding 30 million square feet of office and residential properties across Manhattan. Eric and William Rudin represent the third generation of the Rudin family and are widely regarded as creditworthy, institutionally sophisticated operators with deep lender relationships.
Score Analysis
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Strengthen sponsor track record documentation
Prior deal history and project completions directly improve track record score.
Clarify transaction structure
A clearly documented deal structure reduces perceived risk.
Provide updated rent roll or income documentation
Verified cash flow data improves confidence in asset performance.
Raw Deal Textclick to expand
traded + Submit Growing Financial Partnerships For Over 30 Years. Get Started Home Deals New York Office Loan 41 Madison Avenue Share FINANCED Eric Rudin & William Rudin Secure $64M Loan For Office Building At 41 Madison Avenue $64,000,000 $121/SF BUILDING SIZE 524,937 SF ASSET TYPE CLOSING Jun 10, 2026 Overview Players Market Deal Summary Caption AI The property asset involved in the transaction is located at 41 Madison Avenue in Manhattan. It is classified as an office asset with a significant commercial footprint totaling 524,937 square feet. Summary of transaction details: Property Type: Office Transaction Amount: $64,000,000 Lender: The Prudential Insurance Company of America Landlord: Eric Rudin & William Rudin - Rudin Management The deal involved landlords Eric Rudin and William Rudin, who are affiliated with Rudin Management. They secured the loan from The Prudential Insurance Company of America, demonstrating a strategic financing move for their office property in Manhattan. PLAYERS All Landlords | Tenants Lenders TA The Prudential Insurance Company of America LENDER Rudin Management Company LANDLORD Midtown South West Office Market Snapshot Neighborhood boundary · Office · Loan transactions Full Market → Comps 10 Listings Investors Top Brokers Henry Elghanayan Of Rockrose Development Modifies $51.2M Loan With Equitable Financial In Flatiron District 140,025 SF · Apr 2025 New York, New York $51,200,000 $365/SF <0.1 mi Empire Capital Holdings And Olmstead Properties Secures $81.9 Million Loan From BNY Mellon 356,000 SF · Nov 2025 $81,900,000 $230/SF 0.1 mi JPMorgan Chase Provides $47M Loan For Office Building At 230 Fifth Ave. In Manhattan 465,000 SF · Sep 2022 $47,000,000 $101/SF Dov Schlein Secures $68 Million Loan From Bank Hapoalim For NoMad Office Conversion Jan 2025 $68,000,000 Kaufman Organization Acquires Office Building On Fifth Avenue In Manhattan For $64.5M 80,000 SF · Sep 2017 $64,500,000 $806/SF Signature Bank Provides $70.2M Loan For Office Building At 1226 Broadway, NoMad 133,394 SF · Dec 2020 $70,252,520 $526/SF 0.2 mi Wells Fargo Provides $75M Loan For Office Building At 450-460 Park Avenue South In Manhattan 183,019 SF · May 2019 $75,000,000 $409/SF Feil Organization Refinances 257 Park Avenue South Office Building With Goldman Sachs Loan Of $51.5M 189,547 SF · Feb 2025 $51,500,000 $271/SF 0.3 mi Jed Walentas Of Two Trees Management Refinances Flatiron District Office Building With Citibank Loan For $83M 284,930 SF · Jan 2026 $83,000,000 $291/SF Stellar Management Secures $78M Loan For NoMad Office Building 9,776 SF · Sep 2019 $78,000,000 $7,978/SF Live NEARBY MARKETS NEIGHBORHOODS Long Island City Central Williamsburg Commercial District Greenpoint Williamsburg Financial District Downtown West Commercial District Chinatown Lower East Side East Village West Village Clinton Midtown BOROUGHS Staten Island Bronx Queens Manhattan Brooklyn CITIES Paterson Hackensack Bayonne Paramus East Orange Hoboken Newark Clifton Jersey City West New York Linden Fort Lee STATES North Carolina Virginia West Virginia Michigan Massachusetts Pennsylvania Vermont South Carolina New Hampshire District of Columbia New Jersey We are telling CRE's story Traded is the #1 source for cutting-edge CRE transactions & insights. 1M+ DEALS 100K+ USERS 47 MARKETS 1.2M+ FOLLOWERS Browse Closings by State National Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Minnesota Mississippi Missouri Montana Nebraska Nevada New Mexico North Dakota Ohio Oklahoma Oregon Rhode Island South Dakota Tennessee Texas Utah Washington Wisconsin Wyoming Search News Agents Agencies About About Us FAQ Testimonials Help Help Center Pricing Return Policy Follow a feed Nat @traded NY @tradedny MIA @tradedmiami LA @tradedla CHI @tradedchicago BOS @tradedboston DAL @tradeddallas NJ @tradednj 300K+ The Traded Weekly Every major deal & ranking update — Friday mornings. Email © 2026 Traded Media LLC · All rights reserved. Terms & Conditions Privacy Disclaimer Cookie Policy Do Not Sell My Info Acceptable Use