SomethingNavy Leases Retail Space At 1055 Madison Avenue With Tenant Rep Jennifer Bernstein
1055 Madison Avenue, New York, NY 10028
Building Size
1,500 SF
Asset Type
Retail
Closing
May 10, 2020
AI
Located at 1055 Madison Avenue in the Upper East Side (UES) market, this retail property has recently been leased. The lease transaction took place on 05/10/2021.
Summary of transaction details:
- Property Type: Retail
- Address: 1055 Madison Avenue
- Market: UES
The tenant who secured the lease is Arielle Charnas from @SomethingNavy. Represented by Jennifer Bernstein from @CurrentRealEstate, Arielle Charnas finalized the deal with the landlord, JSRE. Roy Dervich served as the landlord's representative in this transaction.
The asking rent for the 1,500 square feet space was $240 per square foot.
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