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179 Madison Avenue

Shah's Halal Leases Retail Space At 179 Madison Avenue In Midtown East For $150/SF
LEASEDRetail

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:

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

David Sabbagh

Kassin Sabbagh Realty

Broker

61 deals

Broker

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93