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654 Madison Avenue

Kristin Fisher Leases Retail Space At 654 Madison Avenue To Jennifer Leitman Bailey For $80/ft
LEASEDRetail

Kristin Fisher Leases Retail Space At 654 Madison Avenue To Jennifer Leitman Bailey For $80/ft

654 Madison Avenue

$80

$80/SF

Building Size

412 SF

Asset Type

Retail

Closing

May 18, 2025

AI

The transaction involves a retail asset located at 654 Madison Avenue in Manhattan. The lease type is a Single Net Lease with an asking rent of $80 per square foot for a total square footage of 412.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $32,960
  • Address: 654 Madison Avenue
  • Market: Manhattan
  • Landlord: Kristin Fisher
  • Tenant: Jennifer Leitman Bailey
  • Landlord's Representative: Michael Heaner & Nolan Kagan - Kaufman Organization
  • Tenant's Representative: James Famularo & Jordan Langer - Meridian Capital Group

The deal involved key representatives from both the landlord and tenant sides, with Michael Heaner and Nolan Kagan representing the landlord, Kristin Fisher, and James Famularo and Jordan Langer representing the tenant, Jennifer Leitman Bailey.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93