Sushiro Handroll Bar Leases Retail Space At 285 Madison Avenue For $220 Per Foot
285 Madison Avenue
$220
$220/SF
Building Size
1,038 SF
Asset Type
Retail
Closing
Mar 24, 2026
AI
The property asset involved in this lease transaction is located at 285 Madison Avenue in the Manhattan market. This retail space offers a total square footage of 1,038 and is under a 10-year NNN Lease agreement. The asking rent for this property is set at $220 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $220/ft
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Landlord: Russ Allegrette
- Tenant: Sushiro Handroll Bar
- Brokers: Sunanne Zhu, Mathiew Wilson & Shiyun Shang - Alignment Realty
The deal is represented by brokers Sunanne Zhu, Mathiew Wilson, and Shiyun Shang, all associated with Alignment Realty, showcasing their involvement in this retail lease agreement. The landlords and tenants are distinctly outlined, emphasizing the roles in this transaction.
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
72104.55%
Cash-on-Cash
-20607.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93