Chinah Signs 10-Year Lease At 285 Madison Avenue In NYC
LEASED
$250
New York
See Similar DealsRetail1,600 SF
Leased 03/01/2023
LEASED
Chinah Signs 10-Year Lease At 285 Madison Avenue In NYC
285 Madison Avenue
See Similar DealsRetail1,600 SF
Leased 03/01/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:1,600 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$458,555.17
Total Lease Value
$4,585,551.72
Net Landlord Cash Flow$458,555.17
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