Updated Oct 23, 2026
LEASEDCommercial
Pasta E' Focaccia Leases Commercial Space At 1369 Madison Avenue For $150/ft With Landlord Ruth Family
1369 Madison Avenue
$130
$130/SF
Building Size
1,000 SF
Asset Type
Commercial
Closing
Sep 28, 2026
About this deal
AI
The property asset involved in this lease transaction is located at 1369 Madison Avenue in the Carnegie Hill market. This commercial asset has an asking rent of $150 per square foot and encompasses an area of 1,000 square feet. The lease term is for 10 years and falls under a single net lease structure.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $150/ft
- Address: 1369 Madison Avenue
- Market: Carnegie Hill
- Landlord: Ruth Family
- Tenant: Pasta e' Focaccia
- Lease Term: 10 Years
- Lease Type: Single Net Lease
- Landlord's Representative: Aric Trakhtenberg, Ravi Idnani & Andrew Stern - Newmark
- Tenant's Representative: Nathan Aballi & Charles Maryles - Ember Realty
The deal was facilitated by representatives from Newmark and Ember Realty. Aric Trakhtenberg, Ravi Idnani, and Andrew Stern represented the landlord, while Nathan Aballi and Charles Maryles represented the tenant. Their roles were vital in negotiating the terms and conditions of the lease, ensuring the interests of both the landlord and the tenant were adequately addressed.
On the Map
$130
$130/SF
Commercial
View full map
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
Loading comparables…
Deal FAQ
Visit Nathan Aballi to view all their deals.
Browse New York commercial leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93