Steven Kashanian Of Klosed Properties Leases Retail Space To Yuen Sichuan At 110 Madison Avenue
110 Madison Avenue
$200
$200/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Oct 1, 2026
About this deal
AI
This retail lease transaction involves a property located at 110 Madison Avenue in the NoMad market, featuring a square footage of 1,600. The asking rent for the space is $200 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $320,000
- Landlord: Steven Kashanian - Klosed Properties
- Tenant: Yuen Sichuan
- Lease Type: Retail Lease
- Brokers: Benjamin Namdar, David Green & Ike Bibi - KSR
The deal was represented by Steven Kashanian on the landlord's side and Yuen Sichuan as the tenant, with brokerage services provided by KSR's Benjamin Namdar, David Green, and Ike Bibi.
On the Map
$200
$200/SF
Retail
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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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93