Bonobos Guideshops Leases 1725 Square Feet At 488 Madison Ave New York From The Feil Organization
488 Madison Ave, New York, NY, 10022
Building Size
1,725 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 488 Madison Ave, New York, NY, 10022, covering a square footage of 1,725. The property is situated in the New York market and is leased to Bonobos Guideshops by The Feil Organization.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 488 Madison Ave, New York, NY, 10022
- Market: New York
- Tenant: Bonobos Guideshops
- Landlord: The Feil Organization
- Tenant's Representative: Justin Fantasia (Newmark Knight Frank)
- Square Feet: 1,725
The transaction features Justin Fantasia of Newmark Knight Frank representing the tenant, Bonobos Guideshops, in the leasing deal with The Feil Organization as the landlord. The particulars of the agreement emphasize the strategic partnership between the involved parties and the focus on the New York market.
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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