Cleo Clothing Leases Retail Space On Upper East Side
1236 Madison Avenue, New York City, New York 10128, United States
Building Size
1,050 SF
Asset Type
Retail
Closing
Feb 1, 2022
About this deal
AI
Carolina Aziz, Maddy Soffer, and Ike Bibi from KSR recently facilitated a lease transaction in the Upper East Side market. The property, located at 1236 Madison Avenue, is a retail space measuring approximately 1,050 square feet.
Summary of Transaction Details
- Property Type: Retail
- Asking Rent: $390/ft.
- Date: 02/02/2022
- Landlord: St. David’s School
- Tenant: Cleo Clothing
Ike Bibi, Carolina Aziz, and Maddy Soffer represented both the landlord, St. David’s School, and the tenant, Cleo Clothing, in this lease deal. The asking rent for the retail space was $390 per square foot.
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