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

Property Image
LEASED
$250
Marisa Simkin
Suzanne Bernstock
+ 2

New York

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Retail1,600 SF
Leased 03/01/2023
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Property Image
LEASED

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

285 Madison Avenue

See Similar Deals
Retail1,600 SF
Leased 03/01/2023
Marisa Simkin
Suzanne Bernstock
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:1,600 SF
Transaction Type:Lease

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
59 deals$84.3M volume
BROKER

Suzanne Bernstock
Retail By Mona
18 deals$35.3M volume
BROKER




RFR
LANDLORD

Details

LEASED
IMAGE: Suzanne Bernstock, Marisa Simkin, Brandon Singer, Alex Turboff & Jason Lloyd DATE: 03/01/2023 ADDRESS: 285 Madison Avenue MARKET: New York City ASSET TYPE: Retail LANDLORD: RFR TENANT: Chinah BROKERS: Marisa Simkin (@MSimkin), Alex Turboff (@TheAlexTurboff), Brandon Singer (@BrandonS85), Suzanne Bernstock (@AgnSue) & Jason Lloyd (@FortGreenedad) - Retail By Mona (@RetailByMona) ASKING RENT: $250/ft ~ SF: 1,600 LEASE TERM: 10 years

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Deal Type
Effective Rent (Annual)

$458,555.17

Total Lease Value

$4,585,551.72

Net Landlord Cash Flow$458,555.17