Looking Glass Psychology Leases Retail Space At 271 Madison Avenue In Midtown Manhattan For $60/ft
271 Madison Avenue
$60
$60/SF
Building Size
4,812 SF
Asset Type
Retail
Closing
Apr 22, 2026
AI
The asset involved in this lease transaction is a retail property located at 271 Madison Avenue in Midtown Manhattan. The total square footage of the space is 4,812, with an asking rent of $60 per square foot. The lease type is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Address: 271 Madison Avenue
- Market: Midtown Manhattan
- Landlord: Charles Alpert - J.C. Dwight Management
- Tenant: Looking Glass Psychology
- Landlord's Representative: Jeffrey Zund & Michael Adler - Resolution Real Estate Partners
- Tenant's Representative: Max Freudenberger - Meridian Capital Group
- Lease Type: Single Net Lease
The transaction involved key representatives including the landlord's representatives, Jeffrey Zund and Michael Adler, who are affiliated with Resolution Real Estate Partners. The tenant, Looking Glass Psychology, was represented by Max Freudenberger from Meridian Capital Group, ensuring the interests of the tenant were effectively represented in the deal.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93