facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

515 Madison Ave, New York, ...

Jay Suites Leases Retail Space At 515 Madison Ave, New York
LEASEDRetail

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

Richard Doolittle

MHP Real Estate Services

Broker

2 deals

Broker
GFP Real Estate
GFP Real EstateLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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