Jay Suites Leases Retail Space At 515 Madison Ave, New York
515 Madison Ave, New York, NY, 10022
Building Size
50,000 SF
Asset Type
Retail
Closing
Sep 7, 2018
AI
The property involved in this transaction is a retail asset located at 515 Madison Ave, New York, NY, 10022. The total square footage of the asset is 50,000 square feet. The transaction occurred in the New York market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 515 Madison Ave, New York, NY, 10022
- Square Feet: 50000
- Tenant: Jay Suites
- Landlord: GFP Real Estate
- Tenant's Representative: Richard Doolittle - MHP Real Estate Services
- Lease Date: 09/07/2018
The deal involves key individuals and companies, including the tenant Jay Suites, represented by Richard Doolittle from MHP Real Estate Services. The landlord for this transaction is GFP Real Estate.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93