Chinah Signs 10-Year Lease At 285 Madison Avenue In NYC
285 Madison Avenue
$250
$250/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Mar 1, 2023
About this deal
AI
The property asset involved in this lease transaction is a retail space located at 285 Madison Avenue in New York City. The asset spans approximately 1,600 square feet and is owned by RFR. The tenant, Chinah, has signed a 10-year lease for the space.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $250 per square foot
- Lease Term: 10 years
- Address: 285 Madison Avenue, New York City
- Market: New York City
The deal was facilitated by brokers Marisa Simkin, Alex Turboff, and Brandon Singer, representing Suzanne Bernstock and Jason Lloyd from Retail By Mona.
Players
Market 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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93