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285 Madison Ave, New York, ...

Taylor Street Baristas Leases 1000 Square Feet From RFR Holding In New York
LEASEDRetail

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

Fritz Kemerling

Atlantic Retail

Broker

7 deals

Broker
RFR
RFRLandlord

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