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165 Madison Avenue

Updated Oct 29, 2024

Kitchen & Bath By Gravita Designs Leases Retail Space At 165 Madison Avenue, New York City
LEASEDRetail

Kitchen & Bath By Gravita Designs Leases Retail Space At 165 Madison Avenue, New York City

165 Madison Avenue

$103

$103/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Jan 18, 2023

About this deal

AI

The retail property located at 165 Madison Avenue in New York City has been leased. The tenant, Kitchen & Bath By Gravita Designs, will occupy a space measuring 2,000 square feet. The lease was secured by Morris Tobias of BH REALTY acting as the broker in the deal. The landlord of the property is Elias Masri. The asking rent for the lease was $103 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 165 Madison Avenue, New York City
  • Tenant: Kitchen & Bath By Gravita Designs
  • Broker: Morris Tobias - BH REALTY
  • Landlord: Elias Masri
  • Asking Rent: $103 per square foot

BH REALTY, represented by Morris Tobias, specializes in both exclusive leasing and sales. The brokerage prioritizes building and maintaining strong client relationships while also providing valuable advice to property owners and developers on maximizing their asset's growth potential. For complimentary services such as market updates, pricing reports, and renovation consultations, owners can contact [email protected]. Brokers interested in enhancing their real estate skills and working with exclusive listings can also reach out to [email protected] for potential career opportunities.

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$103

$103/SF

Retail

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Players

Morris Tobias

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Broker

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New York City Retail Market Snapshot

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Deal FAQ

About $103 per square foot on a published $103 for 2,000 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

154009.71%

Cash-on-Cash

-44016.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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