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1153 Madison Avenue

Vuori Secures Decade-Long Retail Lease In Upper East Side NYC With Ripco And Accelerator Brokers
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

Richard Skulnik

Ripco

Broker

9 deals

Broker

New York Retail Market Snapshot

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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