LEASEDRetail
Eton Secures 10-Year Lease For Retail Space At 330 Madison Ave In Midtown NYC
330 Madison Avenue New York, New York 10017, USA
Building Size
2,900 SF
Asset Type
Retail
Closing
Jun 12, 2023
About this deal
AI
Eton has signed a 10-year lease for a 2,900-square-foot retail space at 330 Madison Avenue in Midtown. The space, set to open in fall 2023, will serve as Eton's flagship store in New York City.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Address: 330 Madison Avenue
- Market: Midtown
- Square Footage: 2,900
The landlord for this lease is Munich Re Group, while Eton is represented by Norman Bobrow & Company. JLL served as the landlord's representative in the deal.
On the Map
Retail
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93