Cigarillo Signs Lease For Retail Space In Upper East Side, Manhattan
1392 Madison Avenue
$250
$250/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Aug 11, 2022
About this deal
AI
Located at 1392 Madison Ave in the Upper East Side, this retail property has recently been leased. The deal was facilitated by brokers Claude Kolb and Carolina Aziz from KSR. The landlord, Chelsea Sassouni, successfully leased the property to the tenant, Cigarillo.
Summary of transaction details
- Property Type: Retail
- Lease Date: 08/11/2022
- Address: 1392 Madison Ave
- Market: Upper East Side
- Asking Rent: $250/ft. ~ SF: 1,100
Claude Kolb and Carolina Aziz from KSR acted as the brokers in this lease deal. This successful transaction highlights their expertise in the real estate market.
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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93