Shah's Halal Leases Retail Space At 179 Madison Avenue In Midtown East For $150/SF
179 Madison Avenue
$150
$150/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 22, 2024
AI
The retail asset at 179 Madison Avenue is located in the Midtown East market. This property was leased for an asking rent of $150 per foot, encompassing a total area of 2,000 square feet. The lease type is categorized as a Retail Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Square Footage: 2,000
- Address: 179 Madison Avenue
- Market: Midtown East
- Tenant: Shah's Halal
- Brokers: Maddy Soffer, Carolina Aziz, Ike Bibi, David Sabbagh & David Green - KSR
Shah's Halal is in the process of expanding its presence in Manhattan, actively seeking second-generation quick-service restaurant (QSR) spaces ranging from 1,000 to 2,000 square feet. Parties interested in potential sites are encouraged to contact David Sabbagh and David Green.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93