LEASEDRetail
Madame Olivia Signs Retail Lease At Hyde Midtown Suites & Residences With Landlord Suzanne Dewitt
3417 Northeast 1st Avenue
Building Size
1,600 SF
Asset Type
Retail
Closing
Nov 11, 2025
About this deal
AI
The property asset involved is a retail space located at 3417 Northeast 1st Avenue in the Midtown market. This lease encompasses an area of 1,600 square feet. The landlord of the property is Suzanne Dewitt, representing Hyde / Midtown 3 Retail, while the tenant is Madame Olivia, which is set to establish its second South Florida location at this site in 2026.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3417 Northeast 1st Avenue
- Landlord: Suzanne Dewitt - Hyde / Midtown 3 Retail
- Tenant: Madame Olivia
- Broker: Jake Gale - Jacob E. Gale LLC
- Lease Type: Retail Lease
The deal involved Jake Gale from Jacob E. Gale LLC representing the interests of Madame Olivia. This new location will serve as a French bakery and Mediterranean bistro, focusing on traditional recipes and fresh ingredients. The establishment is expected to enhance the culinary offerings in Midtown, with future locations anticipated as part of their expansion strategy in South Florida.
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Retail
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Miami 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