Rimadesio Leases 6204 Square Feet At 102 Madison Ave New York From A. Ruth & Sons Real Estate
102 Madison Ave, New York, NY, 10016
Building Size
6,204 SF
Asset Type
Retail
Closing
Apr 27, 2021
AI
The property involved in this transaction is located at 102 Madison Ave, New York, NY, 10016, with a total square footage of 6204. It is situated in the competitive New York market, representing a significant lease agreement.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 102 Madison Ave, New York, NY, 10016
- Market: New York
- Landlord: A. Ruth & Sons Real Estate
- Tenant: Rimadesio
- Landlord's Representative: David Green-Kassin Sabbagh Realty, David A. Green
The transaction reflects a collaborative effort, with David Green representing the landlord's interests through Kassin Sabbagh Realty, ensuring that the deal aligns with the objectives of A. Ruth & Sons Real Estate. Rimadesio, as the tenant, undertakes this lease agreement in this prominent location.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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