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
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.
Players
New York City 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
154009.71%
Cash-on-Cash
-44016.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93