Bustler Coffee Leases 1100 Square Feet At 485 Madison Ave New York From Jack Resnick & Sons
485 Madison Ave, New York, NY, 10022
Building Size
1,100 SF
Asset Type
Office
Closing
Dec 15, 2015
AI
The property involved in this transaction is located at 485 Madison Ave, New York, NY, 10022. It is a leased space comprising 1,100 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Landlord: Jack Resnick & Sons
- Landlord's Representative: Dennis Brady - Jack Resnick & Sons
- Tenant: Bustler Coffee
In this transaction, the landlord was represented by Dennis Brady from Jack Resnick & Sons, while the tenant Bustler Coffee secured the lease for the space at 485 Madison Ave. No additional brokerage firms are mentioned in this deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · 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