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1228 Madison Avenue

DSF Home Leases Retail Space At 1228 Madison Avenue On The Upper East Side
LEASEDRetail

DSF Home Leases Retail Space At 1228 Madison Avenue On The Upper East Side

1228 Madison Avenue

$300

$300/SF

Building Size

2,543 SF

Asset Type

Retail

Closing

May 9, 2023

AI

The retail property located at 1228 Madison Avenue in the Upper East Side has been leased. The property, with a total square footage of 1,100 square feet, was leased by DSF Home. The lease transaction was facilitated by Carolina Aziz & Ike Bibi from the KSR agency, representing the landlord, Scott Shnay. Brian Katz & Sean Phillipps acted as the tenant's representatives in the deal.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $300/ft
  • Square Footage: 1,100
  • Address: 1228 Madison Avenue
  • Market: Upper East Side

The lease agreement for the retail space at 1228 Madison Avenue was successfully negotiated by Carolina Aziz & Ike Bibi from the KSR agency, representing the landlord, Scott Shnay. DSF Home secured the lease with the assistance of their representatives, Brian Katz & Sean Phillipps.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Scott Shnay

Scott Shnay

Landlord

$113M

vol

9 deals

Landlord

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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93