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
About this deal
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.
On the Map
$300
$300/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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93