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488 Madison Ave, New York, ...

Bonobos Guideshops Leases 1725 Square Feet At 488 Madison Ave New York From The Feil Organization
LEASED

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

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.

Players

Justin Fantasia

Newmark

Broker

4 deals

Broker
The Feil Organization
The Feil OrganizationLandlord

New York CRE Market Snapshot

Boundary boundary · CRE · 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