Updated Oct 29, 2024
Michael’s Consignment NYC Leases 1500 Square Feet At 1125 Madison Ave New York From FCA
1125 Madison Ave, New York, NY, 10028
Building Size
1,500 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The lease involves a property located at 1125 Madison Ave, New York, NY, 10028, within the New York market. The space encompasses 1,500 square feet, catering to the tenant's requirements.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1125 Madison Ave, New York, NY, 10028
- Market: New York
- Square Feet: 1,500
- Tenant: Michael’s Consignment NYC
- Landlord: FCA
- Tenant's Representative: Gary Dana - Douglas Elliman Real Estate
- Landlord's Representative: Chris Dana - Douglas Elliman
Gary Dana and Chris Dana, both from Douglas Elliman, represent the tenant and landlord, respectively, facilitating this lease transaction, which highlights their roles in the agreement.
On the Map
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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