Stephen Davis Of Davis Companies Leases Retail Space To Little Legacy Village Daycare For $60/ft
1975 Madison Avenue
$55
$55/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Mar 3, 2026
AI
The property asset involved in this transaction is located at 1975 Madison Avenue in the Manhattan market. It is classified as retail space, encompassing a total square footage of 2,500. The landlord, Stephen Davis of Davis Companies, has set an asking rent of $60 per square foot, and the lease type is identified as a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 2,500
- Address: 1975 Madison Avenue
- Market: Manhattan
- Landlord: Stephen Davis - Davis Companies
- Tenant: Little Legacy Village Daycare
- Landlord's Representative: Noam Aziz & Cory Rywalt - Meridian Capital Group
The deal involves key individuals such as the tenant, Little Legacy Village Daycare, and the representatives from Meridian Capital Group, Noam Aziz and Cory Rywalt, acting on behalf of the landlord. These parties have played significant roles in facilitating this lease transaction within the retail asset 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93