Zadeh Jewelry Leases Retail Space At 1242 Madison Avenue On Upper East Side
1242 Madison Ave New York, NY 10128, USA
$275
$275/SF
Building Size
1,050 SF
Asset Type
Retail
Closing
May 9, 2023
About this deal
AI
Located at 1242 Madison Avenue in the Upper East Side market, a retail space with an area of 1,050 square feet has been leased. The lease transaction took place on 05/09/2023 between landlord Justin Elliot and tenant Zadeh Jewelry. The deal was facilitated by Carolina Aziz, Ike Bibi, Albert Halawani & David Green of Kassin Sabbagh Realty who represented both parties.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 1242 Madison Avenue
- Tenant: Zadeh Jewelry
- Landlord: Justin Elliot
- Brokers: Carolina Aziz, Ike Bibi, Albert Halawani & David Green - Kassin Sabbagh Realty
The lease transaction at 1242 Madison Avenue involved the tenant, Zadeh Jewelry, securing a retail space in the Upper East Side market. The deal was successfully negotiated by Carolina Aziz, Ike Bibi, Albert Halawani, and David Green, who represented both the landlord, Justin Elliot, and the tenant, Zadeh Jewelry.
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
57683.64%
Cash-on-Cash
-16486.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93