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66 Madison Avenue

Centaur Properties Leases Retail Space At 66 Madison Avenue To Rrrh Hospitality With Meridian Capital Group Brokers Ben Biberaj, Elliot Wygoda, And Scott Feldberg
LEASEDRetail

Centaur Properties Leases Retail Space At 66 Madison Avenue To Rrrh Hospitality With Meridian Capital Group Brokers Ben Biberaj, Elliot Wygoda, And Scott Feldberg

66 Madison Avenue

$110

$110/SF

Building Size

1,700 SF

Asset Type

Retail

Closing

Dec 12, 2022

AI

Centaur Properties has completed a lease transaction at 66 Madison Avenue in New York City. The retail space, spanning 1,700 square feet, was leased to Rrrh Hospitality. The lease was facilitated by the brokers Ben Biberaj, Elliot Wygoda, and Scott Feldberg of Meridian Capital Group. The asking rent for the space was $110 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 66 Madison Avenue
  • Market: New York City
  • Landlord: Centaur Properties
  • Tenant: Rrrh Hospitality
  • Brokers: Ben Biberaj, Elliot Wygoda, Scott Feldberg - Meridian Capital Group
  • Asking Rent: $110/ft.

In this lease transaction, Rrrh Hospitality secured a retail space at 66 Madison Avenue through the representation of Ben Biberaj, Elliot Wygoda, and Scott Feldberg of Meridian Capital Group. The space measures 1,700 square feet and was leased from Centaur Properties at an asking rent of $110 per square foot.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 deals

Broker
CP
Centaur PropertiesLandlord

Madison 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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93