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
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