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1369 Madison Avenue

Updated Oct 23, 2026

Pasta E' Focaccia Leases Commercial Space At 1369 Madison Avenue For $150/ft With Landlord Ruth Family
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:

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.

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$130

$130/SF

Commercial

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Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

52 deals

Broker
Ember Realty
Ember RealtyBrokerage
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New York Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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Deal FAQ

About $130 per square foot on a published $130 for 1,000 square feet (2026).

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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

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