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1125 Madison Ave, New York,...

Michael’s Consignment NYC Leases 1500 Square Feet At 1125 Madison Ave New York From FCA
LEASEDMultiFamily

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

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.

Players

Chris Dana

Douglas Elliman

Broker

2 deals

Broker
Christie's International Real Estate
Christie's International Real EstateBrokerage
FCA
FCALandlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

Loading comparables…

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