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285 Madison Avenue

Chinah Leases Retail Space At 285 Madison Avenue In New York City
LEASEDRetail

Chinah Leases Retail Space At 285 Madison Avenue In New York City

285 Madison Avenue

$250

$250/SF

Building Size

1,600 SF

Asset Type

Retail

Closing

Mar 1, 2023

AI

The retail property at 285 Madison Avenue in New York City has been leased by the tenant Chinah. The lease term is for 10 years, and the asking rent is $250 per square foot. The space is 1,600 square feet in size, offering ample room for Chinah to operate their retail business. The property is owned by RFR, a prominent landlord in the area. The deal was facilitated by the brokers Marisa Simkin, Alex Turboff, Brandon Singer, Suzanne Bernstock, and Jason Lloyd from Retail By Mona.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Leased
  • Address: 285 Madison Avenue
  • Market: New York City

The involvement of these brokers indicates the collaborative effort in securing this lease for Chinah. Marisa Simkin, Alex Turboff, Brandon Singer, Suzanne Bernstock, and Jason Lloyd from Retail By Mona showcased their expertise in negotiating the terms of the lease. With their assistance, Chinah was able to secure a favorable lease agreement for this retail space. This transaction highlights the importance of having experienced brokers to navigate complex lease negotiations.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
RFR
RFRLandlord

Brentwood 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