LEASEDRetail
Vuori Secures Decade-Long Retail Lease In Upper East Side NYC With Ripco And Accelerator Brokers
1153 Madison Avenue
Building Size
3,200 SF
Asset Type
Retail
Closing
Dec 18, 2023
AI
Athletic apparel brand Vuori has secured a decade-long retail space at 1153 Madison Avenue in the Upper East Side. The property, spanning 3,200 square feet, will serve as Vuori's second location in New York City.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1153 Madison Avenue
- Market: Upper East Side
- Square Footage: 3,200
The deal was facilitated by brokers Lindsay Zegans and Richard Skulnik from Ripco, as well as Marc Huberman from Accelerator.
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