Taylor Street Baristas Leases 1000 Square Feet From RFR Holding In New York
285 Madison Ave, New York, NY, 10017
Building Size
1,000 SF
Asset Type
Retail
Closing
Jul 7, 2015
AI
285 Madison Ave, located in New York, NY, is a retail space comprising 1,000 square feet. The property is situated in a prominent market and was leased to the London-based Taylor Street Baristas.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 285 Madison Ave, New York, NY, 10017
- Market: New York
- Tenant: Taylor Street Baristas
- Landlord: RFR Holding
- Tenant's Representative: Fritz Kemerling - Atlantic Retail
This transaction was part of a larger leasing activity at 285 Madison Ave, which also included the Benjamin Group, a restaurant group represented by Dean Valentino of ABS, signing a 16-year lease for 9,000 square feet. RFR's director of retail leasing, Jordan Claffey, facilitated these new tenant signings.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93