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285 Madison Avenue

Sushiro Handroll Bar Leases Retail Space At 285 Madison Avenue For $220 Per Foot
LEASEDRetail

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

Sunanne Zhu

Alignment Realty

Broker

$7.8M

vol

8 deals

Broker

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