Kiton Signs Lease For Retail Space At 692 Madison Avenue In Upper East Side With Landlord's Rep Marc Sitt & Dorel Melloul - KSR
LEASED
New York
See Similar DealsRetail2,400 SF
Leased 12/01/2020
LEASED
Kiton Signs Lease For Retail Space At 692 Madison Avenue In Upper East Side With Landlord's Rep Marc Sitt & Dorel Melloul - KSR
692 Madison Avenue, Manhattan, New York, NY, USA
See Similar DealsRetail2,400 SF
Leased 12/01/2020
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:2,400 SF
Transaction Type:Lease
A retail space located at 692 Madison Avenue in the Upper East Side has been leased. The property, with a total square footage of 2,400, was leased by the tenant @Kiton. The lease transaction took place on 12/01/2021.
Summary of transaction details:
- Property Type: Retail
- Date: 12/01/2021
- Address: 692 Madison Avenue
- Market: Upper East Side
The tenant, represented by Ian Lerner & Alan Wildes of Cushman & Wakefield, secured the lease deal. On the other side, the landlord was represented by Marc Sitt & Dorel Melloul of KSR.
The asking rent for the retail space was $500 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$137,566.55
Total Lease Value
$1,375,665.52
Net Landlord Cash Flow$137,566.55
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