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1975 Madison Avenue

Stephen Davis Of Davis Companies Leases Retail Space To Little Legacy Village Daycare For $60/ft
LEASEDRetail

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

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

231 deals

Broker

Stephen Davis

Davis Companies

Landlord

$270.3M

vol

6 deals

Landlord

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