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1070 Madison Avenue

Malia Mills Leases Retail Space At 1070 Madison Avenue In Upper East Side
LEASEDRetail

Malia Mills Leases Retail Space At 1070 Madison Avenue In Upper East Side

1070 Madison Avenue

$857

$857/SF

Building Size

260 SF

Asset Type

Retail

Closing

Mar 4, 2024

AI

Located at 1070 Madison Avenue in the Upper East Side, the retail property involved in this transaction features a lease type with an asking rent of $857 per square foot for a space measuring 260 square feet. The landlord, Anita Younes, secured a deal with tenant Malia Mills for the retail lease.

Summary of transaction details:

The deal's key individuals and companies involved in this lease transaction include landlord's representatives Robin Abrams, Lisa Rosenthal, and Rebecca Olshan from Compass, and tenant's representatives Maddy Soffer, Carolina Aziz, and Ike Bibi from KSR.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

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

18509.92%

Cash-on-Cash

-5290.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93