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Home Decor - Ben Soleimani Leases Retail Space On Madison Avenue In Midtown Manhattan

Property Image
LEASED
William Abramson
Matthew Olden
+ 2

New York

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Retail12,500 SF
Leased 11/15/2021
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Property Image
LEASED

Home Decor - Ben Soleimani Leases Retail Space On Madison Avenue In Midtown Manhattan

601 Madison Avenue, Manhattan, New York, NY, USA

See Similar Deals
Retail12,500 SF
Leased 11/15/2021
William Abramson
Matthew Olden
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:12,500 SF
Transaction Type:Lease

The retail property located at 601 Madison Avenue in Midtown has been leased to Home Decor - Ben Soleimani. The lease transaction took place on November 15, 2021. The property, spanning 12,500 square feet, was leased for an asking rent of $900 per square foot. The landlord of the property is Buchbinder & Warren, while the tenant, Home Decor - Ben Soleimani, was represented by Brandon Singer and Sara Armet of Retail By MONA. The landlord was represented by William Abramson and Matthew Olden of Buchbinder & Warren.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Leased
  • Address: 601 Madison Avenue
  • Market: Midtown
  • Asking Rent: $900/ft.
  • Square Footage: 12,500

Brandon Singer and Sara Armet, representing Retail By MONA, played a key role in securing the lease for Home Decor - Ben Soleimani. William Abramson and Matthew Olden, from Buchbinder & Warren, served as the landlord's representatives in this transaction.

Players

Brandon Singer
59 deals$84.3M volume
BROKER

Matthew Olden
6 deals
BROKER

William Abramson
5 deals
BROKER




4 deals$80.7M volume
TENANT

Details

LEASED
IMAGE: Brandon Singer, Sara Armet & Ben Soleimani DATE: 11/15/2021 ADDRESS: 601 Madison Avenue MARKET: Midtown ASSET TYPE: Retail LANDLORD: Buchbinder & Warren (@BuchbinderWarren) TENANT: Home Decor - Ben Soleimani (@BenSoleimani) TENANT'S REP: Brandon Singer (@BrandonS85) & Sara Armet (@Sara.Armet) - Retail By MONA (@RetailByMona) LANDLORD'S REP: William Abramson & Matthew Olden - Buchbinder & Warren ASKING RENT: $900/ft. ~ SF: 12,500

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Deal Type
Effective Rent (Annual)

$716,492.46

Total Lease Value

$7,164,924.57

Net Landlord Cash Flow$716,492.46