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:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord: Anita Younes
- Tenant: Malia Mills
- Landlord's Rep: Robin Abrams, Lisa Rosenthal & Rebecca Olshan - Compass
- Tenant's Rep: Maddy Soffer, Carolina Aziz & Ike Bibi - KSR
- Address: 1070 Madison Avenue
- Market: Upper East Side
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
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