Hartz Capital Leases Retail Space To Santoni At 667 Madison Avenue For $1,000/ft
LEASED
$1,000
New York
See Similar DealsRetail1,686 SF
Leased 06/19/2024
LEASED
Hartz Capital Leases Retail Space To Santoni At 667 Madison Avenue For $1,000/ft
667 Madison Avenue
See Similar DealsRetail1,686 SF
Leased 06/19/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,000
Total Square Footage:1,686 SF
Transaction Type:Lease
The property involved in this transaction is a retail space located at 667 Madison Avenue in the Upper East Side. The lease has been established for an asking rent of $1,000 per square foot, covering a total area of 1,686 square feet. The landlord for this transaction is Hartz Capital, and the tenant is Santoni.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,000/ft
- Square Footage: 1,686
- Address: 667 Madison Avenue
- Market: Upper East Side
- Lease Type: Retail Lease
- Landlord: Hartz Capital
- Tenant: Santoni
- Brokers: George Skaliarinis & Jack Hamadani - KSR
Key individuals involved in the transaction include brokers George Skaliarinis and Jack Hamadani, who represent the interests of the parties in this lease agreement. Their firm, KSR, facilitated the negotiation processes leading to this lease arrangement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,932,810.05
Total Lease Value
$19,328,100.52
Net Landlord Cash Flow$1,932,810.05
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