Pan Brothers Associates Leases Retail Space To Karine Kazarian Salon At 1298 Madison Avenue
1298 Madison Avenue
$80
$80/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Apr 1, 2025
AI
The retail property located at 1298 Madison Avenue in the Upper West Side has a leased space of 1,500 square feet. The lease type is classified under retail, with an asking rent price of $80 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: Pan Brothers Associates
- Tenant: Karine Kazarian Salon
- Landlord's Representative: Steven Politis
- Tenant's Representatives: Solomon Sharaby & Samuel Chera - KSR
- Lease Date: 04/01/2025
This transaction involved Pan Brothers Associates as the landlord, while Karine Kazarian Salon took on the tenant role. The representatives for the tenant were Solomon Sharaby and Samuel Chera from KSR, indicating their role in facilitating the lease agreement.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93