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FedEx Office Leases Retail Space At 477 Madison Avenue In Midtown Manhattan

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LEASED
Josh Strauss
Sara Armet
+ 2

New York

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Retail2,500 SF
Leased 04/25/2022
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Property Image
LEASED

FedEx Office Leases Retail Space At 477 Madison Avenue In Midtown Manhattan

477 Madison Avenue, New York City, New York 10016, United States

See Similar Deals
Retail2,500 SF
Leased 04/25/2022
Josh Strauss
Sara Armet
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:2,500 SF
Transaction Type:Lease

The retail property located at 477 Madison Avenue in Midtown has recently been leased. The lease was secured by FedEx Office, with the deal finalized on 04/25/2022. The property is owned by RFR Realty and was represented by Brandon Singer, Michael Cody, and Sara Armet of Retail By MONA. Josh Strauss and Scott Zinovoy of Newmark acted as the tenant's representatives in the transaction. The asking rent for the 2,500 square feet space was $250 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 477 Madison Avenue
  • Market: Midtown

The lease transaction for the retail property at 477 Madison Avenue involved several key individuals and companies. The landlord, RFR Realty, entrusted the representation of the property to Brandon Singer, Michael Cody, and Sara Armet of Retail By MONA. On the tenant's side, FedEx Office was represented by Josh Strauss and Scott Zinovoy of Newmark. The deal was finalized at an asking rent of $250 per square foot, with a total space of 2,500 square feet.

Players

Brandon Singer
59 deals$84.3M volume
BROKER

Michael Cody
Retail By Mona
16 deals$84.3M volume
BROKER


Josh Strauss
Dreamscape Companies
4 deals
BROKER

Scott Zinovoy
Dreamscape Companies
5 deals
BROKER

TENANT

Details

LEASED
IMAGE: Michael Cody, Brandon Singer & Sara Armet DATE: 04/25/2022 ADDRESS: 477 Madison Avenue MARKET: Midtown ASSET TYPE: Retail LANDLORD: RFR Realty TENANT: FedEx Office TENANT'S REP: Josh Strauss & Scott Zinovoy - Newmark LANDLORD'S REP: Brandon Singer (@Brandons85), Michael Cody & Sara Armet (@Sara.Armet) - Retail By MONA ASKING RENT: $250/ft. ~ SF: 2,500

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Deal Type
Effective Rent (Annual)

$143,298.49

Total Lease Value

$1,432,984.91

Net Landlord Cash Flow$143,298.49